Thursday, November 18, 2010

GM Undead

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.