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10 pts

Opinion on  General Motors Corp (GM)     Sector: Consumer Cyclical  >  Industry: Auto & Truck Manufacturers
Huge Losses and a souring economy does not bode well for GM

Sep 24, 2008 12:40 AM UTC
Twc-pic_small
Return Risk
-5.01% HIGH
Analyst

With GM's debt rated Caa1 by Moody's, or seven steps below investment grade, the future of GM does not look to bright.  Furthermore, Moody's rates the debt of GM negative, which means that further declines in debt rating are probable.  GM is already paying a heatlh amount for their debt and especially for any new debt that they issue into the bond market.  For these reasons, I am bullish on this stock and hope that they can pull through the current credit market and financial crisis griping the US and Global economy.

GM:  This call was made on 09/24/08 @ $11.0
Rating:   Negative   $11.0 (09/24/08)
Gain/Loss:   +62.45% in 105 days
Target:   $7.50 (-31.82%) in > one year


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