GM has returned from its near death experience. Without buying into all the Wall Street hoopla aimed at retail investors, I'll apply some common sense before I call it a night tonight.
I wouldn't buy the stock of a formerly bankrupt company that sells a high-cost product in a mature industry. I wouldn't buy stock in a company whose every operational decision will be subject to veto by the federal government and labor unions.
Enough said. That's a wrap for tonight.
Nota bene: No position in the "new" GM.
I wouldn't buy the stock of a formerly bankrupt company that sells a high-cost product in a mature industry. I wouldn't buy stock in a company whose every operational decision will be subject to veto by the federal government and labor unions.
Enough said. That's a wrap for tonight.
Nota bene: No position in the "new" GM.
