I have been, historically, pretty negative on GM. Mainly because with the UAW cancer they will always be drained. However, some of their new product is darn good. I drove a 2016 Volt yesterday and I was very, very impressed.
I wrote a covered call at 15 and it got exercised. So, at this point, I am out of TAL. Given that I got in after it was beat down I have done quite well. Also, given the drop in earnings and revenue, should I stay out and wait for a drop? I am not sure.
First, this is a tax inversion. This lowers the effective tax rate and saves a lot of money. Secondly, an increase in size allows some economy. I think this goes to $15/share and I have invested accordingly.