Message Font: Serif | Sans-Serif
 
No. of Recommendations: 1

Hi everyone

I never owned GM stock before I bought a small amount last week. Been reading the papers and more recently the posts here. I see employees are posting and that's excellent.

Newspapers mostly seem down on GM's prospects for resolving their pension and contract issues. It wouldn't be news if it wasn't negative.

Good things I've read between the lines for GM stock.
a great dividend and no sign that will end
a very low P/E
a low historical price per share
employees that know the company is in a struggle and
jobs will be at risk without contract resoloution
new product line

Tough issues still out there
market share decline
quality issues
models that are not sexy in the public eye
pension, medical and new contracts
these low rate loans to buyers (I don't know enough here)
questionable demand for cars if the economy heats up

What am I missing here? Can the GM management team get this under control? If they can, this looks like a great purchase at the current price and I am considering going deeper.

Can a board member summarize GM's prospects for me?

Thanks
Paul

Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.