AOL Money & Finance

Portfolio Killer #7: General Motors

This is a ridiculous company with an even more ridiculous management group. General Motors' (NYSE: GM) cars are mediocre, its union contracts are incredibly extravagant in a brutally competitive industry, and management seems to think we are still in the 1950s.

Recently, the company's auditors raised even more concerns about the automaker's ability to survive without more loans from the government.

GM's own forecast assumes survival based on a car market that is larger in 2013 than it was in 2006. Yeah, right.

True shareholder value: zero

Michael Shulman is a contributor to OptionsZone.com.

Get the latest on cars and trucks
from GM and all brands at AOL Autos.

Reader Comments (Page 1 of 1)

Symbol Lookup
IndexesChangePrice
DJIA+73.0010,270.47
NASDAQ+18.862,167.88
S&P 500+6.241,093.48

Last updated: November 14, 2009: 08:38 AM

BloggingStocks Exclusives

Hot Stocks

Learn More About GM Cars

General Motors Brands:
Find Your Next Car

AOL Autos New Cars and Used Cars

DailyFinance Headlines

Latest from BloggingBuyouts

TheFlyOnTheWall.com Headlines

    BioHealth Investor Headlines

    WalletPop Headlines

    My Portfolios

    Track your stocks here!

    Find out why more people track their portfolios on AOL Money & Finance then anywhere else.

    BloggingStocks Partners

    More from AOL Money & Finance

    WalletPop Headlines