Whither GM? (GM)

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