+ Watch GM
on My Watchlist
The Company is engaged in the worldwide development, production, and marketing of cars, trucks, and parts.
GM seems to have it all in one sock. That + higher consumer demand bodes well for Detroit iron.
Cars are old and no taxes
Product finally competing head to head with imports.Honda killer.
Same reasoning as Ford...foreign sales will pick up soon enough.
Fortress of a balance sheet and much leaner operations after bailout and restructuring. This won't be a company resting on its laurels for the foreseeable future. Given the pent-up auto demand, which I conservatively estimate to be at least 15 million units, we can expect growth in earnings from GM at least through 2015 or so from the continued economic recovery and release of the pent-up demand. Given it's low P/E of 9.6 with net cash of around $24 billion (or around 2/3 of its market cap), GM is quite cheap.
GM is still bashable as "Government Motors". AIG is now the favorite pick of Fools and Hedge Funds. Why the astounding hypocrisy? Oh, because the government sold its stake in AIG and still has one in GM. With government selling the rest of its stake currently and over the next 12 months, share price is artificially depressed. Smart hedge funds bought AIG when the government was dumping. Smart investors would consider buying GM right now.Aside from revved up product lines, recovering U.S. auto sales, a strong position in China, a restored balance sheet, and a lower break even point, even Buffett is buying.I keep seeing articles bashing cars like the Volt (articles that would fail business 101 classes because they don't take breakeven into account) and posters on this site and others bashing the company...and that's how I know a classic contrarian play when I see one.Face it--Americans suffer from poor long term memory. As with AIG, soon GM's bailout will be forgotten.
Emerging middle classes abroad will fuel vehicle sales. GM trades at a ridiculously cheap valuation due to its perceived risk level.
A trimmer and humbler reformed GM more focused on their customers than they were. Both customers and investors could be the beneficiaries.
Government put them in great competitive position! Car sales should continue above 14,000,000!
Time has always been the death of GM cars. Price is inflated
Product. I rented a car recently and was given a Chevy Sonic. I WANT ONE! A car doesnt fit into my life right now, but when it does (in one year) I'm buying it.
Out of favor, contrarion play.
Very low PE, strong auto cycle, solid product line
GM consistently lags its competitors in innovation and design. Public perception in the U.S. also took a hit with the bailout and could lead "buy-American" consumers to choose Ford over GM when purchasing automobiles in the future. Last and most importantly, GM cannot be cost competitive when you consider their higher labor costs and future obligations to their retirees. This will ultimately prevent them from being able to invest in R&D to the extent necessary to become an industry leader in innovation.
Pent Up Demand: Rising disposable income + hunger for Detroit iron. Although Ford has, IMHO, made more improvements, there will be sufficient pent up demand to float all boats.
Give me my money back! Should have been allowed to go under! I was a die hard Chevy fan all my life. Would never consider buying anything else. Well not anymore! Im a proud Ford owner, and you know what? There is nothing GM can offer that comes close to the F150!Thanks GM for being greedy and screwing the tax payers so i could find out exactly how great Ford is! Your the best!
Inexplicably the GM stock trades higher cprresponding to the company's demand that Obama sell off the shares. It is obvious shannigans is probably happening in my opinion to boost the stock price ahead of the election to boost Obama's reelection efforts. Warren Buffet bought a stake in GM and could be walking up the stock here. I hope my opinion hunch is completly wrong but there isnt any news out to justify a higher share price. Sure, North America and China sales good...But Europe sales horrid and Opel is shutting down....Volt is a loss making business.
Chevy volts cost 80,000 to make and they sell it or 40,000? They say it will be balanced by the time they make the new volt but I can't see it happening when they are losing 40,000 dollars for each car they sell.
Outreach to china will do company well
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