He thinks that the driver of the leased vehicle is going to ride the bus after he turns in his vehicle. Yeah, right. He will lease a new GM. Where do they get these idiots?
Does this make sense? RBC says GM is making too much and should increase its dividend, so they cut their price target to $30. What? MAking too much money.... RBC is obviously incoherent.
Take it from someone who has done large acquisitions and mergers. The acquiring company stock ALWAYS falls on fears related to dilution, earnings, etc. But then bounces back in a few days. Classic. BUY at this level.