Seeking Alpha

General Motors roundup: Barra grilled, Feinberg hired, sales momentum

  • General Motors (GM) CEO Mary Barra took on the expected barrage of testy questions from a House panel yesterday, but disclosed very little fresh information on the delayed recall over faulty ignition switches. Much of the testimony was apologetic in nature.
  • The exec did reveal that attorney Ken Feinberg will act as a consultant in working on a plan to compensate families of accident victims linked to the recall issue. Feinberg has ample experience in the area after supervising claim funds for BP following its Gulf of Mexico oil spill.
  • GM +0.3% premarket after a see-saw day yesterday amid Barra's testimony and a strong (but late) U.S. March sales report which showed sales momentum building for the automaker.
Comments (11)
  • missilesilo
    , contributor
    Comments (2) | Send Message
     
    Barra is becoming a media darling, and the addition of Feinberg to the damage control team will help move GM past the recall debacle. Moving forward, it's all about the sales numbers.
    2 Apr, 09:50 AM Reply Like
  • june1234
    , contributor
    Comments (2549) | Send Message
     
    she was the perfect face to explain this mess.timing is everything.
    2 Apr, 10:02 AM Reply Like
  • Budavar
    , contributor
    Comments (1387) | Send Message
     
    1. Berra "Perfect face"...........??????...
    'Media darling".................

     

    At least one legislator complained about her STONE-WALLING.

     

    2. "Sales numbers" = GM is a past master of ginning up sales to qualify for bonuses + using other "devices" like providing unqualified buyers with sub-prime loans stretching out 5 or 6 years.

     

    As Disraeli, the Victorian PM said over 100 yeatrs ago:

     

    There are lies, damn lies + there are...........statistics!
    2 Apr, 11:26 AM Reply Like
  • june1234
    , contributor
    Comments (2549) | Send Message
     
    Not defending GM here,same GM as before 08 in my book.
    GM not the only one doing it 27% of 13 US sales were subprime. http://buswk.co/QFIUay

     

    Yes, perfect face, media darling like YHOO CEO, still same YHOO but the stock is up double since she took over.
    2 Apr, 11:44 AM Reply Like
  • Snoopy1
    , contributor
    Comments (1107) | Send Message
     
    This is a no-brainer situation for Barra. She admits GM's fault, says the "New GM" is customer friendly with a focus on quality cars and pays nice $ settlements to those affected.

     

    In a few months, investors will be focused in 2015 EPS and the stock should hit at least $40 in a year.
    2 Apr, 11:47 AM Reply Like
  • Budavar
    , contributor
    Comments (1387) | Send Message
     
    Dear Snoopy,

     

    are you remembering

     

    1. New/other parts involved in recalls?
    2. The first but not the last class-action suit's clocks' ticking started ticking =
    pun intended!
    3. Competition not standing still?
    4. Millions of owners of recalled cars inconvenienced + many of them surely not over-joyed?

     

    And so forth and so on.......
    2 Apr, 12:21 PM Reply Like
  • Snoopy1
    , contributor
    Comments (1107) | Send Message
     
    Maybe you should short GM then. I think the valuation is very cheap and reflects the recall concerns and should be much higher in a year.
    2 Apr, 12:47 PM Reply Like
  • missilesilo
    , contributor
    Comments (2) | Send Message
     
    Yes, for an investor, GM is parked at a very attractive entry point right now. Budavar and others who have negative personal views about GM as a company may disagree, but I think that GM is much more likely to hit $42 than $24.

     

    Don't forget that the definition of a good stock is one that makes money for the investor. GM will be a good stock for many.
    2 Apr, 02:00 PM Reply Like
  • Capt Jack Daniels
    , contributor
    Comments (776) | Send Message
     
    Sure just ask those old Gm bondholders as well as old GM stock holders about how much money they might have lost by buying and holding old GM's stocks and or bonds.

     

    Gm makes money only for its management and auto workers, anyone else is lucky to get any left over scraps, especially when they continue to do stupid stuff and get caught and then start to fork over shareholders equity in fines and fees and absolutions of sins based upon billion dollar offerings to settle and make right with the government.
    3 Apr, 01:31 AM Reply Like
  • lemm
    , contributor
    Comments (290) | Send Message
     
    Budavar,GM is up .55 at 3:45.How about that?
    2 Apr, 03:45 PM Reply Like
  • rclions
    , contributor
    Comments (3) | Send Message
     
    Toyota has done just fine since it's brush with the pesky mats and pedals.
    3 Apr, 12:54 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio:

|