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Bruce Watson Return Risk -276.26% MID Tracked Blogger Profile & Performance Subscribe to author

Symbol Sentiment Start Return Closed GM 01/29/09 +100.00% -- F 01/29/09 -276.26% -- Via BloggingStocks:   Filed under: Ford Motor (F), General Motors (GM), Stocks to Sell, Recession Looking over the recent history of America's automakers, one theme seems to stand out. Regardless of their situation, the economy, or the issue at hand, the Big Three have an almost preternatural ability to determine the most foolish course of action and pursue it with amazing vigor. Regardless of whether we're talking about the Ford Motor Company's (NYSE: F) decision to focus its attention on cars (to the detriment of its truck lines), Chrysler's decision to channel stuff its dealerships, or General Motors' (NYSE: GM) decision to sit on its fuel cell cars, Detroit seems determined to misjudge the economy and the customers. At their best, the three have minimized innovation while milking their successes. At their worst, they have spent time and money on expensive acquisitions or dead-end technologies, to the detriment of their bottom line. Continue reading Big Three use bailout bucks to sue state governments Big Three use bailout bucks to sue state governments originally appeared on BloggingStocks on Thu, 29 Jan 2009 12:00:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments   Read the rest of original post »

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