Whither GM? (GM)

 |  Includes: DIA, GM, PXN
by: Roger Nusbaum

Goldman Sachs analyst Robert Barry upgraded GM from Underperform to In-Line this week (see WSJ, sub req'd, for further detail), but continues his pessimism on the company: "our long-term view of GM fundamentals remains squarely negative, due to severe revenue and cost pressures related to ongoing share loss and onerous labor-related costs." The pessimism is pervasive as recorded in recent Seeking Alpha coverage of GM:

The Stalwart asks if GM can afford to cut its dividend.
Eddie Elfenbein bemoans GM's management crisis.
Roger Nussbaum asks why GM continues to be part of the DIA ETF.
Unauthorized Participant asks why GM is part of the PowerShares Lux Nanotech Portfolio?

GM 1-yr Chart