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The Company is engaged in the worldwide development, production, and marketing of cars, trucks, and parts.
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TMFNato (91.67) Submitted: 5/11/06 1:24 AM : Start Price: $25.24 GM Score: 47.35
Slow to adapt to changing consumer tastes, hemmhorraging money, beset by union troubles and high benefit costs, and considering selling its sole profitable division, GM is stumbling toward the junk heap. Barring an amazing, Iaccoca-like turnaround and a sweeping new set of designs, this company's fortunes look dire. I drive a Saturn -- and love it -- but I still wouldn't go long on this dinosaur.
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SH2F088 (95.67) Submitted: 10/06/06 5:32 PM
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GM is speeding up their refresh rate (improved global sharing will derive Nissan alliance like savings from internal global cooperation), moving away from badge engineering (though slowly), and has produced some passenger car hits (G6, 06 Impala). They have also begun to focus on the cost structure issues (unions & overcapacity), and are deemphasizing low margin fleet sales. I expect their 2007 mpg leading trucks to take some modest market share, despite Toyota's big push here -- Ford stands to lose the most, and Toyotas big bet (on full sized trucks) could be slow to take hold.My guess is that GM sees profits hit or surpass the $4/share expectation this year and move to ~$7/share before 2009. The momentum investors will likely drive the stock price above $60 then (when all the news is rosy). The real question will be can they sustain their market share (ie stop their share hemmorage), or will they succumb to yet another cyclic downturn?I see the news today (York resignation) as a good buying opportunity. The Nissan talks probably just increased GMs resolve and confidence that they can still reap large rewards by improving efficiencies through global cooperation of their own brands (Holden/Pontiac, Opel/Saturn, Buick GMNA/China.How many of you know that GM recently stole the #1 spot from VW in China?
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fluffybunnytr7 (44.38) Submitted: 11/03/06 3:03 PM
It's going to $40.00 first.
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