No. of Recommendations: 0
Robert Wahlberg posted this on MSN Money:

http://moneycentral.msn.com/content/P107028.asp


Why? GM's problems aren't temporary. They are structural in nature.

Hopefully, CEO Rick Wagoner shares some of the innovative and creative tendencies of Robert Lutz, the company's vice chairman and design czar. If not, the nation's largest auto company could find itself headed for a nasty crash.

As it stands now, earnings this year are likely to fall short of management's projection of $4 to $5 per share. Additional earnings disappointments are likely to push the stock down even more, as well as heighten fears of a debt-rating downgrade.



Minxie
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