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9 pts

Opinion on  General Motors Corp (GM)     Sector: Consumer Cyclical  >  Industry: Auto & Truck Manufacturers
GM - The End Is Near

Dec 11, 2008 07:12 PM GMT
Infizzle_avatar
Return Risk
+20.60% HIGH
Sr. Analyst

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Previously, I projected GM to run on rumor of the bailout and its passage. Given the dire state of the current economy, I did not see how the US Congress could not pass the bill.  Despite the passage of the bill in the House, Senate Republicans appear unwilling to pass the bill, which will yield a deathblow to the entire industry (not to mention the economy as a whole). GM, at least in its current state, is on its last legs.

GM:  This call was made on 12/11/08 @ $4.19
Rating:   Negative   $4.19 (12/11/08)
Closed:   12/12/2008 @ $3.6918 (+11.89% in 20 hours)
Target:   $1.00 (-76.13%) in Three months


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scmfinance previously rated GM
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