| DON'T BUY | 10.030 | Gordon Higgins, CA, MBA, CFA | There is massive restructuring. They are getting rid of lease problems right now. They have adequate liquidity to get through the year. Wouldn't touch this. | 2008-08-08 | |
| DON'T BUY | 10.030 | Paul Thornton | Wouldn't touch their bonds. Still pays a dividend, but doesn't know when they're going to cut it. This area is too speculative. | 2008-08-08 | |
| SELL | 11.900 | Jaime Carrasco | Feels this is a microcosm of the US. They have to generate so much income just to satisfy their retired employees and he doesn’t know where the money is going to come from. | 2008-07-25 | |
| DON'T BUY | 13.090 | Norman Levine | Continues to be extremely high risk. Its products continue to be in less demand. Still vulnerable in their ownership of GMAC, which had gotten very big into mortgages. | 2008-07-21 | |
| DON'T BUY | 10.330 | Gordon Reid | As a contrarian play, this would be well down on his list. Today's business model is in question. There are issues of survivability. | 2008-07-09 | |
| DON'T BUY | 11.430 | Michael Sprung | You would have to take an extremely long-term perspective on this one. Not sure what you would be buying if you bought it today. Given what is happening to the North American manufacturers, they could evolve just into a marketer by moving all the production off shore. Burning a lot of working capital and could be in trouble. | 2008-06-26 | |
| Comment | 13.190 | Robert Floyd | Faces a major uphill battle. International sales are decent but the issue with this company is developing new cost efficient models. Truck side is very weak. If you are an investor with a need for an immediate gratification you won't get it with this. Yield is high, but can be cut when the company needs to keep the cash. | 2008-06-24 | |
| DON'T BUY | 13.190 | Norman Levine | Because of the way profits are falling, he would not trust the dividend. Margins on the cars are very thin compared to trucks. | 2008-06-24 | |
| DON'T BUY | 13.790 | David Cockfield | Dividends of over 7% but you have to be very careful about it. He doesn't see the earnings come along and the dividend could be cut. Not a fan of the North American auto industry. | 2008-06-20 | |
| DON'T BUY | 16.450 | Norman Levine | Hard to see any catalyst that’s going to turn this company around. It’s a dinosaur. | 2008-06-13 | |
| DON'T BUY | 17.100 | Robert Floyd | Troubled sector, continued layoffs, issues with competition, balance sheet is not strong, not a terribly bullish scenario. Because it is knocked down so low it may represent value. Auto parts are a better option if they go a little lower. | 2008-05-30 | |
| DON'T BUY | 17.600 | Laura Wallace | North American auto manufacturers will have a very difficult time ahead of them. | 2008-05-23 | |
| SELL | 26.000 | David Baskin | This is not the company of the future. Been making money on what will turn out in the next 5 years as the wrong end of the market such as SUVs and pickup trucks. North American manufacturers have fallen so far behind technically with the Asian manufacturers, which it will be enormously expensive for them to catch up. | 2008-02-19 | |
| DON'T BUY | 27.120 | Norman Levine | With the US going into a recession, it is not the time to be buying a car company. Expect there will be some soft sales. If he were going to buy one, this might be the one as it is in a turnaround situation. Coming out with attractive models that people want. Too early. | 2008-02-11 | |
| DON'T BUY | 28.210 | Mike Lyons CA, CFA | Under certain statistical valuation parameters General Motors (GM-N) and Ford (F-N) always look very cheap but the balance sheets really scare him. Significant amount of debts. Also have pension and benefit obligations. When you couple that with having competition with very well capitalized and very competent companies it makes it a very tough environment for them. | 2008-01-31 | |
| BUY | 26.390 | Bruce Campbell | Q: Short-term bonds, 6 to 8 months. Any chance they will not pay up? A: He has been thinking about this and feels there is a very, very high probability of it paying out. | 2007-11-22 | |
| DON'T BUY | 31.280 | Norman Levine | They are in the vulnerable position of being a consumer durable. Consumer durables generally don't do well when the economy starts to head down. | 2007-11-09 | |
| WEAK BUY | 34.980 | Mark Grammer | Won’t see a split. Good job done of turning company around. Will be survivor. Positive turn in opinion towards cars. Buy if you like American auto stocks. | 2007-09-19 | |
| Comment | 32.570 | John Manley | Has had support around $29 and completed a double bottom in March. There is a higher low. Might be considered as a tradable instrument, but not a long-term Hold. Very volatile. | 2007-04-16 | |
| Comment | 31.370 | Brian Acker, CA | Have negative equity of $5 billion. Unable to calculate a model price because of this. He doesn't short stocks. | 2007-04-12 | |
| Comment | 31.240 | Norman Levine | Outlook in general is improving. Coming out with better products. | 2007-03-28 | |
| DON'T BUY | 32.180 | Bill Carrigan | Had a monstrous move last year. He would be very cautious. | 2007-03-27 | |
| DON'T BUY | 29.170 | Paul Harris, CFA | American car industry is burdened by a lot of pension issues. This company has probably done the best job of solving a lot of their issues, but doesn't think the cars are attractive. A very tough business. | 2007-03-16 | |
| DON'T BUY | 29.450 | Steve MacMillan | Reasonable year in 2006, but he would not own the stock. An example of a bad company. Some very serious structural issues including labour and health care costs. Have several times more retired workers than active ones. Also questions the quality of their products. | 2007-01-03 | |
| DON'T BUY | 35.370 | Charles Lannon | Pushing for the China market, but, every other automotive company in the world is looking at China for sales. Toyota and Honda, the two premier operators in the auto industry, have barely begun to scratch the surface in China. | 2006-11-17 | |
| DON'T BUY | 35.090 | James Cole, BA, CFA | Ford (F-N) and General Motors (GM-N) do not meet his criteria of being long-term growth companies, financially strong, gaining market share, generating substantial free cash flow and with long-term sustainable competitive advantages. | 2006-11-13 | |
| DON'T BUY | 35.190 | David Baskin | The pain that the N. A. car industry is going through right now is far from over. Any slackening in the US economy, and it will suffer. Balance sheet is not pretty to look at and long-term liabilities are overwhelming. | 2006-10-23 | |
| DON'T BUY | 32.960 | Ben Stadelmann | Caller wondered about a Short. On his watch list. N. A. automakers are definitely a contrarian sector. His preferred an attack would be to see a washout and then buy if they got their house in order. | 2006-09-14 | |
| BUY | 26.350 | Brian Acker, CA | Just bought this stock back. | 2006-06-19 | |
| DON'T BUY | 25.530 | Robert Floyd | Has been a difficult scenario. Fundamentals especially weak. The type of company that the value investor tends to go for. As a growth investor, he is not happy with the scenario. A lot of competition. | 2006-05-16 | |
| DON'T BUY | 22.000 | Norman Levine | Too risky because of the uncertainties and the debt level. | 2006-03-21 | |
| Comment | 22.220 | Jean-Francois Tardif | It was announced today that General Motors were restating their earnings from 2002 for accounting errors. They are widening their loss by 2 billion dollars. Mr. Tardif believes that there will be no impact on the stock price. There are other issues that GM is facing right now. It will be a tough battle for them. | 2006-03-16 | |
| WEAK BUY | 19.410 | Bob Stodgell | This company has taken drastic steps. They have reduced dividends, taken salary reductions. Believes there is an opportunity here. Recommends that this stock be the part of the portfolio that is speculative, not the core.
| 2006-03-02 | |
| DON'T BUY | 19.820 | James Cole, BA, CFA | Feels that GM, Ford, and to a lesser extent Chrysler between a rock and a hard place. Losing market share. Has extra ordinarily high costs with unfunded pension and health care benefits. | 2006-01-17 | |
| DON'T BUY | 19.410 | David Baskin | It is saddled with union contracts which makes it uncompetitive. It is saddled with huge health-care costs for its retired workers and an underfunded pension plan. Because of union contracts, it has to pay laid off workers for life. It is shocking that they haven't cut the dividend, but if they do, the stock will drop like a rock. | 2006-01-04 | |
| SHORT | 23.520 | Brian Acker, CA | His model price is now $0. This company needs earnings. A speculation. At the end of the day they are playing a game with the unions. | 2005-11-23 | |
| DON'T BUY | 36.050 | Brian Acker, CA | Had recommended this a year and a half ago, but its fundamentals have deteriorated and his model price is actually $0 now. | 2005-08-04 | |
| DON'T BUY | 36.960 | Norman Levine | Not a great company, but the UAW looks like it might be bending and a number of things are starting to go their way. Outlook is not as bad as it was. | 2005-07-26 | |
| DON'T BUY | 34.220 | James Cole, BA, CFA | Faced with very attractable long term problems such as unfunded pensions and post retirement benefits which are unfunded by a total of $70 billion. Have very high costs relative to the competition and have been losing market share for a decade. | 2005-07-06 | |
| DON'T BUY | 35.820 | Laura Wallace | Q: Has a short position and is puzzled as to what is driving the stock higher. A: Facing numerous problems. Their primary issue is dealing with unions on health care and pension. She doesn't short stocks, so can't comment on shorting. | 2005-06-20 | |
| DON'T BUY | 35.620 | Ross Healey | Not sure how they will get rid of all their obligations. Currently they are trying to negotiate them with the unions, but the other choice is to go into Chapter 11. This would cause upheaval in the price of the bonds if you own them or the price of the stock. | 2005-06-16 | |
| WEAK BUY | 36.340 | Bob Stodgell | Some one, who is a pretty savvy investor, has just taken a huge position in this company. Management has given the union until the end of the month on whether they can cut down on their health costs. Speculative. | 2005-06-15 | |
| DON'T BUY | 30.730 | Benj Gallander | Wouldn't go near this. There are a lot of shoes that still have to fall. Revenues are declining and debt is rising, especially now that it is junk status. | 2005-06-07 | |
| DON'T BUY | 26.750 | Brian Acker, CA | Changed his mind on this stock once they had that earnings release. He takes earnings, the balance sheet and interest rates and put them together and they previously had earnings estimates at $4.50 for this year. They came out and revised that to $1/1.50. His new model price is way below its current price. | 2005-04-28 | |
| DON'T BUY | 25.820 | Rob Callander | Has some very difficult issues to face. Strong price competition from Asian manufacturers. Doesn't know how they get out of the problem of having to spend more money on health care for retired employees than they spend on steel going in the car. | 2005-04-20 | |
| DON'T BUY | 29.540 | Brian Acker, CA | Looking at the balance sheet with its earnings forcast and interest rates, it has been mispriced for well over a year. GM just announced that earnings expectations were way too high, so now looking at $1/1.50 and he is looking at a mean estimate for '05 of $1.09. Computing that where it's balance sheet is, the model price is $28, so no longer mispriced. | 2005-03-22 | |
| BUY | 28.350 | Ray Steele | A contrarian pick. Have cut production instead of creating incentives to get rid of current stock. Dividend yield is high at 7.1%. Has $100US per share in cash. Good price. Could be another round of weaknes if their bond rating is dropped. Bad news is behind it. | 2005-03-17 | |
| DON'T BUY | 29.010 | Matt Baillie | A very ugly chart. Wouldn't average down if you own. Had its biggest loss in a quarter since 1992. Losing market share. | 2005-03-16 | |
| DON'T BUY | 29.010 | Norman Levine | Seems to be in a free fall. The earnings are deteriorating. Issued a warning of a shortfall in earnings and production. | 2005-03-16 | |
| DON'T BUY | 33.720 | George Loughery | Likes the company over the longer term. Have been very innovative. Might have a bright future. In the meantime they are trying to get a leg up on Ford (F-N) by having more production in China to pay for retirees. Might be premature to buy at this time. | 2005-03-15 | |
| DON'T BUY | 35.650 | David Baskin | Not thrilled with GM. Balance sheet is really tenious. Better US stocks out there to invest in. | 2005-02-28 | |
| TOP SHORT | 37.300 | Andrew McCreath | Has got problems left, right and centre. Owes Fiat a couple of billion $'s. Sales were down 7% last month. Have a lot of health care obligations. | 2005-02-18 | |
| BUY | 36.770 | Brian Acker, CA | Balance sheet is good. Company has a $50 book value. Have reduced the weight of their holdings to about 1.5% of their holdings. Will continue to have this in his portfolio for the forseeable future. Dividend of about 5.3%. Looking out a year, thinks it's in great shape. Company is a mis-priced asset. | 2005-01-18 | |
| DON'T BUY | 37.130 | Andrew McCreath | Yield is about 5.9% which is appealing. The company has some very big structural problems such as competition from Asia and pension costs. He is short this stock. | 2005-01-17 | |
| DON'T BUY | 38.390 | David Burrows | Pays a good dividend, but losing capital value in the shares. Industry is having a difficult time. After years of incentives and low interest rates there are a lot of new cars on the road. | 2005-01-12 | |
| BUY | 38.740 | Brian Acker, CA | Good company. | 2004-11-30 | |
| SELL | 39.230 | Jonathen Wellum, B. Comm, B. Sc | Requires huge incentives to make their sales. Too much capacity in the industry. There are pension liabilities, finance issues. Can't say the dividend is safe. | 2004-11-26 | |
| PAST TOP PICK | 37.570 | Brian Acker, CA | (A Top Pick July 30/04. Down 14%.) Still likes. Dirt cheap. If there is any sense of bottoming by the US$, this should do very well. | 2004-10-26 | |
| DON'T BUY | 41.580 | David Baskin | Would rather own a bank. Not making any money on cars and expect this will be even more so as people move away from SUVs. | 2004-08-17 | |
| TOP PICK | 41.490 | Chris Ceraso | Cheap. Trading at only about 35% of the S&P multiple versus Ford's 45%. 5% dividend yield. | 2004-08-06 | |
| TOP PICK | 43.140 | Brian Acker, CA | Two top holdings in his fund are Ford and General Motors. They're just huge banks that sell cars. Dividends of 4.7%. 6 X earnings. | 2004-07-30 | |
| DON'T BUY | 43.080 | Ron Meisels | The stock has now broken through the 200 day moving average. This indicates a fundamental problem with the company. | 2004-05-21 | |
| TOP PICK | 48.500 | Brian Acker, CA | Over 4% yield. They rank it is the number one stock in the Dow. Reported great numbers. Earnings estimates have been revised up to $7 this year. | 2004-04-28 | |
| TOP PICK | 48.270 | Peter Arender, CFA | Trading at a P/E of about 8. Dividend yield is a little over 4%. | 2004-04-21 | |
| DON'T BUY | 46.290 | Mark Jackson, CFA | Margins are still under pressure in the auto sector. Would rather own a parts company, but even so, feel that we have seen the near-term peak of auto production. Good dividend. | 2004-04-13 | |
| TOP PICK | 46.490 | Peter Arender, CFA | Has a P/E of 7+ which is significantly lower than the market. Very cheap. | 2004-03-17 | |
| BUY on WEAKNESS | 53.790 | Gavin Graham | Did a $13 billion bond issue solar pension fund is no longer underfunded. Still losing market share to foreign manufacturers. Treat as the trading stock. | 2004-01-14 | |
| WAIT | 55.750 | Ron Meisels | Has probably not broken up through the trend line. Wait for the breakout. The good news is that the stock is currently in a minor up trend and above the moving average. | 2003-11-26 | |
| BUY | 42.270 | Stephane Rochon | Negative on the long-term outlook for North American auto manufacturers. Prefers GM over Ford. From a cash flow perspective, doing quite well. | 2003-10-27 | |
| PAST TOP PICK | 43.140 | Brian Acker, CA | (Top pick Sept 25/03. Up 6%.) Cheap. Will do well in this recovery. | 2003-10-17 | |
| DON'T BUY | 40.440 | Jonathen Wellum, B. Comm, B. Sc | Auto manufacturers are in a weak position and have tremendous obligations on the financial slide so balance sheets are in a tough spot. Not a long-term hold. | 2003-09-26 | |
| TOP PICK | 40.790 | Brian Acker, CA | Sees the economy rolling around at three to 4%. GM is probably the most undervalued stock on the DOW. | 2003-09-25 | |
| TOP PICK | 41.250 | Brian Acker, CA | Feels the economy is on a roll and will get 4/5% growth. | 2003-09-15 | |
| DON'T BUY | 42.610 | Brad Willock | Has a P/E of around 5 and has a yield of around 5%. They are not making money selling cars. Have a huge force of retirees that they are supporting. Very burdened by health care expenses. | 2003-09-03 | |
| TOP PICK | 42.610 | Peter Arender, CFA | Has been much maligned. A contrarian pick. Have pension problems. Trading at a P/E of 7 times and dividend yield of 5%. Seeing some positive price and earnings revision momentums. | 2003-09-03 | |
| TOP PICK | 38.510 | Ray Steele | The normal summer slowdown, along with the big power failure dramatically reduced the inventory.0% financing is not a hardship for them.A lot of cars are being bought.5% dividend. | 2003-08-20 | |
| TOP SHORT | 35.060 | Kyle McKay | A troubled company in a troubled industry. Had a lower quarter. Large debt and only cash flowing a small fraction per quarter. Losing market share. Consumer debt is very high. | 2003-04-16 | |
| TOP SHORT | 34.330 | Brendan Kyne | Unfunded pension liability which will probably get worse. The 0% financing has cut into their financing profits. Sales will be down. | 2003-03-26 | |
| DON'T BUY | 34.060 | Ross Healey | Balance sheet seems to be collapsing. Consumers debt is extremely high so car sales could be down. | 2003-03-19 | |
| BUY | 40.000 | Ray Steele | Good dividend. Probably near a bottom. | 2003-01-17 | |
| DON'T BUY | 36.540 | Jeff Morrison | A lot of competition. Outlook is poor. | 2002-12-27 | |
| DON'T BUY | 35.630 | Brian Acker, CA | Treat as a trading stock. If it falls below $32, it indicates that the balance sheet is a prolbem. | 2002-10-24 | |
| DON'T BUY | 36.500 | Ross Healey | Outlook is questionable. Cheap, but automobile sector is questionable/ | 2002-10-23 | |
| DON'T BUY | 34.140 | David Baskin | Have sold their product forward, so future sales will be slower. | 2002-10-17 | |
| BUY | 62.480 | Noah Blackstein, B.A., CFA | Auto sector is turning around. | 2002-04-10 | |
| BUY | 49.830 | Ray Steele | A safe investment now. Auto demand sems to be holding up. Prefers GM over Ford. | 2002-02-05 | |
| BUY | 49.760 | Jeff Morrison | Prefers Honda and then GM. | 2002-01-08 | |
| DON'T BUY | 48.640 | Brad Willock | Not a fan of the auto sector. | 2002-01-02 | |
| DON'T BUY | 62.950 | James Cole, BA, CFA | Poor long term investment. | 2001-07-25 | |
| DON'T BUY | 59.390 | Jeff Morrison | Not a fan of the auto sector at this time. | 2001-06-12 | |
Experts that have talked about General Motors Corporation
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