Jun 04, 2013
I can't really see why some people would continue to laugh at my GM investments, except to coninue to publicy ridicule me for standing up for American Car Companies and slamming anyone who sarcastically and in mean fashion debates in favor of Japanese companies. I have purchased GM at $31.77, $21.66, and $25.12. I currrently have a returrn of 36.47%. GM is about to go investment grade, the government is supposed to be out of GM by the end of 2014, and I expect dividends to begin within a year or two. Ad to this the new models launched over the last few years, and those exciting ones due to launch in the next few, a highly successful business plan that has lowered costs dramatically, and the end of cadence delay, and it would appear that GM should do well, at least over the next few years with the convergence of the above things. Is GM my best investment? Nope. But I am happy with it.