You are correct when you say GMH has bad management. Itis part of GM, however don't think all of GM & GMH is managed poorly. Look at GM ,as bad as they are ,they have been and will continue to make big gains in improving thier products ect. Now if you are on both coasts of this land you probably drive JAP> cars but for the mid America folks we still buy US cars and trucks. GM needs GMH to do well for their pension fund and they are counting on this stock doing well.