Re: American Auto Industry

Posted by BH On 2008/10/9 17:13:50

Rather than merge with Ford, I'd think that GM would start buying up some of its own stock (likely after a forthcoming downgrade) and wait for a turnaround to cash in at a tidy profit.

That could also be a real buying opportunity for investor, but I'd wait until you're sure the market has hit bottom and has turned around - though that could be months away.

In the meantime, either Ford or GM could be ripe for a hostile takeover from a company that's in better financial shape, but hopefully not the likes of Cerberus Capital.