+ Watch GM
on My Watchlist
The Company is engaged in the worldwide development, production, and marketing of cars, trucks, and parts.
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.
Now that earnings are out of the way I like the automakers to continue to be upside performers. Interest rates are low, wages and jobs are going up, and upgrades to newer vehicles are occurring according to the numbers that just came out. People and businesses are buying new vehicles. I am guying F and GM at these levels.
recent boom due to cheap gas is unsustainable, labor contracts coming up. Where as Ford paid nice bonuses, GM was not as generous being strapped from legal and recall costs that should also continue to weigh on them.
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
Morningstar 4-5 star rating that took me a while to get time to pitch. I was hoping to put something more enlightening together but I decided to do a pitch along the lines of the process of making the rec. About 63% upside to Morningstar's fair value from current levels, a little more from the time I rec'd this one. Morningstar's forward P/E of 7.4 is substantially lower than the TTM GAAP P/E would be so I'm going on faith there are one time issues depressing current earnings that will go away next year. I think the analyst is using 2% growth rates over the next few years which seems reasonable to me. I haven't put enough time into trying to understand current earnings and drivers of earnings going forward to add this to my real life portfolio however at a 63% potential upside according to M* and the markets in general looking a little toppy this looks like a decent candidate to beat the benchmark in CAPS and score me some points and accuracy.
Not too many American auto companies to choose from. GM will survive long term.
run by and for the benefit of the union
will become big dog when car industry changes more environmentally green. Also owns OPEL, maybe most potential carmanufacturer in Europe
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? :-)
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.
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