GM Target Also Lowered to $0

Tags: gm, f
19 Nov 3:10am
Posted by ZacksResearch
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General Motors Corporation (GM) is one of the largest automobile manufacturers in the world. We believe that the company should file for bankruptcy to rid itself of Unions, pension and healthcare issues.

As we regard Ford Motor Company (F) shares, the US government should provide $25-50B in aid which will act as DIP financing. Any aid should force the company to only make 35MPG+ vehicles. Management should be purged and outsiders brought in. Tariffs and quotas should be implemented for imported vehicles from overseas.

Consumers should be allowed to deduct their automotive interest. Lastly, global alliances should be forged among producers in North America, Europe and Asia. From an equity holder perspective, this compel us to rate the shares a Sell with a six-month target price of $0.00.

Read the full analyst report on GM

Read the full analyst report on F




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