+ Watch GM
on My Watchlist
The Company is engaged in the worldwide development, production, and marketing of cars, trucks, and parts.
In the event of a market correction, I think GM will fare better than others due to it's position as a market leader and low EV/EBITDA, low P/S, low P/E. Not sure if the forward figures are gonna show up or not, but the sales look healthy so....
Can't make a product that people trust.
possible market correction coming
GMs electric vehicles are a compelling argument at $40K and that's in the current configurations. For the Volt, that's a 40 mile electric range and an overall 380 mile range. That's on 9+ gallons of gas! The battery will get better as LG Chemical is already developing a battery that will rival Tesla's 200 mile range and this battery will likely go into the Volt, Spark, and ELR. My thinking: Why continue to pay $300/mo for gas AND a car payment? Buy an electric car from GM and seriously reduce the monthly gas bill. What sold it for me? I actually drove the ELR, VOLT and TESLA Model S and loved every second of each one. The complaints that I've seen and heard on the internet make me wonder what car those people were actually driving. The acceleration in each car was great and they all handled better than every car that I've previously spent money on. The immature child in me wants the ELR, the lottery winner inside of me wants the Model S, but the grown up that I need to be sees no reason to buy anything else but the VOLT. So...GM is my pick for now and the long run. The technology is compelling, the dividend is great, and they make the Corvette! Who could ask for anything more? :-)
we just had our Saturn ignition recall fixed. the service center manager did not know the chief engineer was fired over changing the ignition part without changing the number. a sales rep said we get $1k off a new cruze because of the recall. problem -,GM has halted selling the cruze. I don't make emotional trades, until now.GM is in big trouble with lawsuits, recalls and customers that will not buy their products no matter with the savings.most analysts say GM will be fine, I strongly disagree.
No longer "gubmint motors" but what is left is effectively owned, and run for the benefit of, the union. The defacto owner/management team might or might not do well, but common shareholders will get the shaft at their expense.
Sales are vdery good, despite all recalls. Profit will be very good.
Cutting corners, as evidenced by recent recalls. Will continue to commit such violations until its leadership changes.
Again bankrupt what is going to happen with GM ? No new vehicles with new technic GM will loose top 4th position in the Automobil market
General Motors missed the first quarter because the costs of the most recent recall to fix a decades long ignition switch defect wiped-out the first quarter's earnings. GM has been poorly managed in the past, was forced into bankruptcy and rescued by the Federal government. Yet, the stock is cheap in the short to intermediate term.GM shares, with new management are a current, opportunistic BUY, if investors hold their noses.WHOVPLLCUWASAP.org
It will take GM a few years at least to get out from the shadow of this recall scandal. I anticipate it will be kind of like BAC in the 08 mortgage crisis. Even when the numbers start to look good, it will take several more quarters to convince people to jump on board again.
Loading up here... GM is sitting on cash, their obligations due to bankruptcy are nill, and they are consistently winning in performance and reliability categories for their new vehicles. China is the future market and GM is there.
Predicting a bounce to above $40 within the next few months. The macro picture in the US remains strong, a growing 3.5% dividend is very attractive to income investors and provides a floor for the stock. GM has lost more in value than a worse case lawsuit from the DOJ and loss in sales would actually generate, pointing towards GM being a value play and an income play. Bullish until GM hits at least $40.
Sell-off looks to be excessive.
GM new products now are competing with the best vehicles in each class. They have been able to cut costs but charge more for their products.
S & P 5 star, 37.54
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