In case this turns into a "noun, verb, and car company X is better and I had a bad experience with my model YZ" I'll respectfully let the participants enjoy themselves. I'm merely writing this as an observation.
I'm not a big stock market guy.
And to be sure - I am NOT some corporate insider here but I have a rather unique vantage point into a few aspects of GM business from my own personal business life.
Barring some crooked book-cooking.... I believe them and have reason to believe that indeed, they ARE going to be profitable even in this environment and they are indeed able to break-even should a 2009 situation arise.
It's never been a 'sexy' stock. Sadly it has tons of cash and makes good profits so naturally not of interest these days...but those things interest me.
Furthermore, it is nothing but PURE fact that even during Covid unemployment....buyers are scooping up high-margin GM trucks. Many Ford F150s are coming in on trade and dealers are borderline violently pleading with GM for more trucks - - stuff GM makes lots of money on.
True - much of the famed GM stupidity *still* exists in their corporate culture - it's obvious to the blind but despite that.....they are churning out trucks and people are buying them up.
My *guess* is that their EV rollout might be lackluster - only because ALL my life I've known GM corporate to botch these things up - and it's usually a few corporate burnouts in Detroit running promotions and one hand has NO clue what the other does.
Nevertheless - - the media (coastal media types are hardly GM cheerleaders) is reporting that GM's EV investments are for real - - and may indeed command a value one day.
I started buying in the 24-25 range.
If we have another dip and it breaks 20....I am going to overbuy.
Whether one loves or hates GM - fact remains it's one of the globe's larges automakers. NO European Union troubles. TONS of economies of scale. I'm not sophisticated enough to know how this ends.....but it's a done deal that the auto industry will consolidate one day and when it does - GM has cash to be a buyer......but it would also be an attractive target for someone who wants a global distribution network and synergies all over the place.
People - even middle class people are buying up trucks @$40,000-$60,000 likes it's normal. $800 car payments are no big deal for them. Demographically....fast growing segments like Hispanic Americans - LOVE the trucks and many times - MANY times - their truck monthly payment equals their apartment rent payment.
Frankly I'm hoping for a dip. I regret not buying a few months ago.
FWIW (prolly nothing