After a Record Year, This Auto's Still a Buy
The following video is part of our "Motley Fool Conversations" series, in which industrials editor and analyst Brendan Byrnes and industrials editor and analyst Isaac Pino discuss topics across the investing world.
In today's edition, Brendan and Isaac discuss GM, which recently reported earnings. Despite missing estimates, the stock took off, gaining nearly 9% on the day earnings were announced. The company is still losing boatloads of money in Europe, and management made it clear that is unacceptable. GM's stock price was helped upward by most of the headlines focusing on GM's full year in 2011, in which it booked its biggest profit ever. Brendan explains why, despite missing estimates and the stock jumping, GM is still a buy.
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At the time this article was published Brendan Byrnes owns shares of Ford. Isaac Pino has no positions in the stocks mentioned above. The Motley Fool owns shares of Ford.Motley Fool newsletter services recommendFord, General Motors Company, and Tesla Motors. Try any of our Foolish newsletter servicesfree for 30 days. We Fools may not all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. The Motley Fool has adisclosure policy.
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