+ Watch GM
on My Watchlist
The Company is engaged in the worldwide development, production, and marketing of cars, trucks, and parts.
bad loans will come again to bite GM.
Debt problems from subprime long term auto loans will sink this company again.
Criminal charges? Really GM? Oh well. It's not like this is a huge surprise. GM's been having a rough go at it lately, and this isn't gonna make investor confidence any better for it.
For me this is a blue chip with a lower P/E. Betting on the jockey, I like how the CEO approached tough issues, though I'm not so sure she did not have a hand given her leadership through the years. I like the dividend yield, but my entry is by P/E, and not really seeing a trigger for growth, buying as it stays down, holding on a small rise for the dividend and selling if the P/E exceeds the fundamentals. I know Graham and Buffett would say don't get in if you don't see the growth to stay in and only sell on Market craziness.
One strategy that has worked well for me in the past is finding stocks down at least 25%, sporting a forward p/e under 10, and a PEG ratio under 1. GM fits that description. Not only that, the company boasts an almost 5% dividend and almost have the market cap in cash. I think it'll come back around.
Following Buffet picks
they make great cars and trucks
trading around book value, worries overblown. buy the dip
While Ford struggles to bring the new efficient F150 in aluminum up to full production, GM is able to gain temporary market share in the highly profitable segment. As gas gets back to $3 and the F-150 is fully available, watch for promotions & incentives to bring GM back to earth though.
I don't know how I've missed this, because GM has been a screaming buy for a long time. Super balance sheet, ridiculously cheap share price, and now nearly a 4% dividend! Mary Barra deserves tremendous credit. Yesterday I finally came to my senses and opened a fairly large position @ 37.35.
Time to buy!
GM has come out with a new line of big trucks and suvs.....Well reminds me of when the first big suvs came out.....and we all know what happened.....in 08'.....Here is the thing not only do there new ones cost way more....BUT....they do not get better MPG.....around 15 MPG.....and they are selling like hot cakes ....as gas is low.....So when gas goes back up......people will again have a huge car note but won't be able to afford the gas.
higher than average amount of sub prime buyers... this wont end well...and they still haven't addressed the long term issues that sank them into oblivion last time
Strong in SUV market. Coming off bad PR cycle. Lower gas.
Mohnish Pabrai pick, US economy is recovering, pent-up auto demand from previous few years. Low gas prices will encourage sales of SUVs and trucks
Not too many American auto companies to choose from. GM will survive long term.
run by and for the benefit of the union
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