Open Question
GM--Government Motors--will be run into the ground by the Admin's geniuses. But
with cars still hitting the scrap yards, sales will pick up somewhere down the
road. What some some good plays?
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Hey Bozo... wake up!!!... GM IS BANKRUPT!!!! the government tried to bail
them out !!! It's now trying to salvage some jobs by keeping them afloat. TM
is the play.
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A couple of stocks you should look at are Dorman Products (DORM) and Honda Motor
(HMC). They are the only auto-related stocks graded as “buy” recommendations
by TheStreet.com Ratings. Dorman is a supplier of original equipment dealer
exclusive automotive replacement parts, fasteners and service line products
primarily for the automotive aftermarket. It designs, packages and markets
approximately 92,000 different automotive replacement parts, including brake
parts, fasteners and service line products manufactured to its specifications.
Approximately 35% of its parts and 69% of its net sales consist of original
equipment dealer exclusive parts and fasteners. While the number of dealers will
decline, the volume of parts needed for the fleet of existing cars—that are
aging
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Ford is the answer. They have a once in history opportunity to gain significant
market share. Who thinks the Chinese, private equity, and fiat will be able to
return gm's struggling bands and chrysler back to health. Not many.
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I thought GM was already 'run into the ground'
Answered by Peter near Matanzas Inlet
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