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General Motors Company Message Board

  • jeyebolt2003 jeyebolt2003 Jul 17, 2013 1:42 PM Flag

    Another Fund buying GM Stock

    According to the 13F, Macnguyen had 2.1 million shares of General Motors (NYSE: GM) in his portfolio at the beginning of April. Business was down slightly in the first quarter of 2013 versus a year earlier, partly due to weak European sales, but analysts are bullish on the auto industry in general. In the case of GM, this is supposed to result in substantial earnings growth over the next several years. GM trades at 12 times trading earnings, but the five-year PEG ratio is only 0.7.

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