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General Motors Company Message Board

  • deliverynotime99 deliverynotime99 Dec 29, 2012 4:43 PM Flag

    Gm has found use for their oversupply of car and trucks

    Sinking them off the coast for artifical reefs. Should take care of oversuppluy untill 2014

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    • Led by margin growth in North America and Brazil, the firm expects EBITDA to increase 17 percent next year. After the buy back, Goldman will raise its 2013 EPS estimate by 11 percent to $4.49, way above the current Wall Street consensus of $3.82. Goldman will also raise its 2014 EPS estimate 10 percent to $5.36, also above the Wall Street consensus of $4.81.

      The Goldman target of $35 per share may seem high, but there is some precedence for the call. Shares of GM have grown over 29 percent this year to date, despite having suffered tremendous selling pressure over the summer. At a comparable rate, by this time next year the analysts at Goldman will realize their target.

      Shares are up more than 10 percent over the past five trading days because of the news that the government will be selling off its stake. As of the close on December 21, the stock is trading 7.74 percent above its 20-day simple moving average, or SMA; 9.92 percent above its 50-day SMA, and 19.63 percent above its 200-day SMA…

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