manohmanoh

Short Ideas: Kick GM While It's Down

This would be more insightful if you had written this article in October, rather than after a 60% decline. I bought GM yesterday, as it turns out, as I believe they have made tremendous strides in design and quality improvements, and their push [back] into electric cars is the only logical long-term end-game for the auto industry. You may be 100% correct over the next 6-12 months (if I really thought that, I wouldn't have purchased, of course), but GM is a long-term INTERNATIONAL winner (domestic will never be the growth engine of this company again) ... I'll take it for a long-term (5yrs+) in my portfolio. I will also buy more on price declines... as I'm only at about a "1/2" position at the moment. Best of luck to you (you know, on your OTHER picks ... LOL).