O****L 发帖数: 3353 | 1 GM Positives:
* It's profitable and will be profitable for some time to come:
Bankruptcy dropped GM costs so low, this company is primed to make money in
a terrible market for auto sales. And as those sales return, the profits
will take off.
* GM is kicking butt in China: This is is huge given the growth we will
see out of China for the next 5-7 years.
* GM has its U.S. business lined up to thrive: The product is better
than ever, and managing just four core brands it is moving faster to remain
competitive.
GM Negatives:
* Europe and Opel are still a drag: As much as GM is to be congratulated
for its success in China, it should scrutinized for having a money-losing
operation in Europe. And yes, GM will tell you that its making progress
cleaning up Europe, but I've heard that same song and dance for as long as I
can remember.
* We don't know the Akerson plan: I've talked with new GM CEO Dan
Akerson and I like what he has to say about GM being more nimble and
responsive. But we still don't know what his 3 or 4 year game plan is for GM
. Without that knowledge, investors have to be asking themselves, how sure
am I about where GM is headed?
* GM Pension Plans: Bankruptcy cleaned up GM's balance sheet and
mountain of debt, but it did nothing to change the company's pension plan
obligations. And GM has a big pension obligation. Is it an issue right now?
No. Could it be a problem three or four years from now? You bet.
The bottom line is that GM has a whole host of positives and negatives that
investors need to pay more attention to, instead of whether the stock opens
at $26-$29 a share. | b******r 发帖数: 16603 | |
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