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General Motors Company Message Board

  • dolphinooo dolphinooo Nov 30, 2012 5:04 AM Flag

    Fitch may raise General Motors Financial Co 'BB' rating

    Haven't seen this posted ... very nice news. Wall Street nods to GM for its Ally acquistion.

    "... The Rating Watch Positive reflects Fitch's view that, following the successful close of the Ally IO acquisition, GMF will be a core subsidiary to its parent, GM, as defined in Fitch's criteria 'Rating FI Subsidiaries and Holding Companies,' dated Aug. 10, 2012. As a result of being viewed as core subsidiary, Fitch would expect to resolve the Rating Watch and align GMF's ratings with those of GM (LT IDR: 'BB+', Rating Outlook Stable), subject to regulatory approval and anticipated transaction closing, which is expected to be in stages through mid-2013. ..."

    It's tough to tell whether certain events (fiscal cliff, government share dump, ...) will drag GM back into the $20 crapper, but IMO the opposite is more likely. It appears the well-deserved slap that the douches in the House received in the recent election calmed them down a bit, which may help them avoid the fiscal cliff; and I am confident the government won't rid themselves of the GM shares with an irresponsible overnight dump but use a more responsible sales strategy, hopefully accompanied by a _long-term_ share buyback plan of GM. Say hello to the $30's in that case.

    If you are disciplined and have the cash to average down, IMO it is a no-brainer to buy GM at this point. GM is a great trading stock - take advantage of these irrational $20 prices if the worst comes to the worst and be happy selling them back with 20% gains. Long-term, all signs point toward the $36++, IMO. It's just so obvious that GM will have a $4++ EPS in the years to come.

 
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