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General Motors Company Message Board

  • mirskitchen mirskitchen Apr 1, 2011 8:37 AM Flag

    GM at less than 6x 2011 earnings!

    Going to 38 on good March sales...new models coming out later this year.....crazy stock price as IPO sellers dry up

    How's that for a first post!

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    • How's that for a first post?

      'Going to 38 on good March sales'

      March sales for GM will be a disaster of their own making. The excessive discounting in January and February gave them a terrible hangover.

      'new models coming out later this year'

      What new models?

      'crazy stock price as IPO sellers dry up'

      IPO sellers? What about the US Federal Government? They still hold hundreds of millions of GM common.

      'GM at less than 6x 2011 earnings!'

      This is a fiction. $5 EPS for 2011? Based upon what? Why not wait for 1Q2011 results before proclaiming record profits for GM in 2011? Did you notice that they sold Delphi on the last day of the quarter? To boost their 1Q results maybe? Who knows! All I can say is you might want to wait until the chickens hatch before counting them.

 
GM
35.74-2.17(-5.80%)Jul 24 4:01 PMEDT

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