Nah. GM's doing well; they are hoarding cash ... don't fall in love with its stock, don't be greedy, trade it, and you'll be a happy GM'er.
Today's article on manufacturing dot net:
"... GM Is Piling Up Cash 2 Years After IPO ... Mon, 11/19/2012 - 8:28am
DETROIT (AP) -- Two years after a wounded General Motors returned to the stock market, the symbol of American industrial might is thriving again.
Sunday marks the anniversary of GM's initial public stock offering in November 2010. The company has made money for 11 straight quarters, piling up more than $16 billion in profits. Its cars and trucks are selling for good prices. And sales are strong in China. ..."
Also, 2 out of the last 5 fiscal years, GM lost money on a CASH basis. This is what pays the bills, not reported earnings (net income). This is why GM went belly up the first time. It would be reporting positive net income, while at the same time burning through billions of dollars of cash.
Repeating this same behavior isn't a good thing for the company going forward.