GM rallies as investors look beyond recall costs


Shares of General Motors (GM) perk up in early trading after the automaker's Q1 report doesn't contain any major surprises to the downside.

Despite the profit washout from recall costs, investors are focusing on the improving results from GM Europe and strong pricing trends in North America

GM +3.4% premarket to $35.55

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Comments (9)
  • funfundvierzig
    , contributor
    Comments (4658) | Send Message
     
    Margins may come under not inconsiderable pressure during the current quarter, Q2, as prices are slashed and incentives hiked to move cars and trucks off the lots, given the fact millions of would-be buyers have been repulsed by the sickening foul culture of GM Management, a customer-hostile culture of dirty play and deceit.

     

    Moreover, the consciousness of Americans of this massive scandal did not reach a peak until the evasive Ms. Barra testified on Capitol Hill on April 1 and 2nd, and the mockery of her truculent performance on Saturday Night Live on April 5, 2014.

     

    …funfun..
    24 Apr 2014, 09:21 AM Reply Like
  • funfundvierzig
    , contributor
    Comments (4658) | Send Message
     
    Folks, with the same lack of concern for the truth that she demonstrated so extensively and brazenly on Capitol Hill earlier this month, Ms. Barra this morning extolls her Q1 2014 operational performance as "very strong". It looks like investors and traders are not buying into the PR dissimulation and distortion. GM shares have turned into the red, as in all that red ink for multiple recalls involving 7 million deceptively defective cars. ...funfun..
    24 Apr 2014, 12:05 PM Reply Like
  • funfundvierzig
    , contributor
    Comments (4658) | Send Message
     
    Shares of the beleaguered motorcar Company have taken a cliff-dive this afternoon, down circa 2% to 33.71 as we speak. Looks like investors and traders are simply not buying into the PR fluff and slick propaganda put out this morning into the media by GM Senior Management and their PR operatives.

     

    Volume is running high. It may be that some hedge fund managers are running scarred and scared, and have begun to lighten up their portfolios, eliminating or reducing positions in GM. …funfun..
    24 Apr 2014, 12:27 PM Reply Like
  • vick4717
    , contributor
    Comments (135) | Send Message
     
    I am counting my gains and loving it!!! GM will keep growing with the superior product line that they are offering. Their new product line is safer then most of the competition and time will be their best friend. I am sure one person is not smiling today, but I encourage them to try and have some funfun.
    24 Apr 2014, 10:11 AM Reply Like
  • Snoopy1
    , contributor
    Comments (1125) | Send Message
     
    Unfortunately, GM gave up today's early gains but I'm still happy as GM will likely make $4.50+ in 2015 so the stock should be $40+ in a year which is 20% gain including dividends.
    24 Apr 2014, 11:44 AM Reply Like
  • 1980XLS
    , contributor
    Comments (3360) | Send Message
     
    Vick,

     

    Indeed.

     

    More product awards,

     

    seems like 2-3 per week now, while people focus on a $40 ignition switch from 10 years ago on cars and brands no longer even sold, from a company that was previously a different legal entity, with different Board, Management, investors & bondholders.

     

    Nevermind that 12 of the 13 so called, "Linked deaths" involved drivers that were either Drunk, speeding, unbelted and in at least 1 case, not even licensed to drive a car.

     

    New awards;

     

    http://bit.ly/RYcs40

     

    http://bit.ly/RYdj4A

     

    The week before we had Top honors on SUV crash tests, while domestic competitors failed miserably, along with Ward's "Top 10 Car Interiors" last week (GM having two on the list)

     

    Stock are forward looking.

     

    Shorts can keep looking backwards, and pay a price

     

    I expect to see more product accolades next week.

     

    These childish headlines motivated by lawyers & politicians will fade. Just like in the link below for ignition switch recall 7X as large, and spanned over a decade as well. Nobody even remembers or even talks about it.

     

    And, I expect GM will perform this simple recall in a more timely fashion than some others have done in the past

     

    http://nyti.ms/1kEhvly
    27 Apr 2014, 12:18 PM Reply Like
  • funfundvierzig
    , contributor
    Comments (4658) | Send Message
     
    Folks, the actual figure for deaths and injuries caused by the deadly switch so effectively concealed by GM Management may well tower over the 13 people often cited by proponents of General Motors.

     

    Many investors will recall the explosive news disclosed by the New York Times on March 13, 2014: "303 Deaths Seen in GM Cars With Failed Airbags".

     

    A careful review of federal crash data showed that 303 people died after the air bags failed to deploy on two of the GM models that were recalled last month.

     

    It is highly likely that some of these crashes involved the faulty ignition switch, and, in our opinion, the scope of the switch issue has been substantially understated and soft-pedaled by an evasive and secretive GM Management and their PR operatives in Detroit, hiding behind a cynical PR trick of Blame-the-Victim.

     

    The review of the air bag failures from 2003 to 2012, was performed by the Friedman Research Corporation, which specialises in car safety research.

     

    ...funfun..
    27 Apr 2014, 12:28 PM Reply Like
  • Budavar
    , contributor
    Comments (1410) | Send Message
     
    The closing price to-day contradicts the pumper's headline.
    24 Apr 2014, 04:43 PM Reply Like
  • 1980XLS
    , contributor
    Comments (3360) | Send Message
     
    Yup, as I suspected. More Accolades,

     

    2 new JD Powers index rankings,

     

    GM scores Top spot in both of them

     

    http://bit.ly/1isqup8
    28 Apr 2014, 08:15 AM Reply Like
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