KENTUCKY COLONEL wrote:
#5 Massive Employee-Benefit Liabilities

12 Big-Name Stocks to Sell Now
Unfortunately for GM, the company faces an astounding $26 billion in unfunded pension liabilities and $9 billion of retiree health-care costs. This is a huge fiscal overhang that will likely put a lot of downward pressure on the company’s bottom line, and its stock, going forward.

As if these five reasons weren’t enough for investors to avoid GM like the plague, consider that the stock is likely also overvalued. If GM shares open above $30, it means the company is being valued at more than $46 billion — roughly the same as what Ford is worth today. The two companies are far from equivalent fiscally, and in nearly every other sense. So, if you’re ready to get behind the wheel of GM’s IPO, I say think a second time. You’ll be much better off staying on the sidewalk.

I think this about explains it all.




John - NRA - Lifer
"We have 8,000 INS agents protecting our borders against illegal aliens and terrorists while we have over 100,000 IRS agents chasing working people." - Bill Rollyson
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