Sunday, June 01, 2008 2:08:50 PM
General Motors share price could triple
http://news.yahoo.com/s/nm/20080601/bs_nm/generalmotors_shares_dc_1
Shares of U.S. automaker General Motors Corp (GM.N) could triple over the next few years as the company's foreign sales are climbing and its labor costs are falling, weekly business newspaper Barron's said in its June 2 issue.
A bet on General Motors would be risky as the company may face troubles from the weak economy for another 12 to 18 months, Barron's said. But the company stands to save $4 billion to $5 billion a year starting in 2010 from a new United Auto Workers contract that lets the automaker transfer some of its pension assets and pay lower wages for new hires.
Barron's predicted the company's shares could rise to $30 per share, or even $45, in 2010 as those cost savings start to take effect.
General Motors shares closed at $17.10 on the New York Stock Exchange on Friday.
GM Jul 2008 20.0000 call (GMGD) #msg-29654734
My posting is for my own entertainment, do your own DD before pushing your buy/call button
http://news.yahoo.com/s/nm/20080601/bs_nm/generalmotors_shares_dc_1
Shares of U.S. automaker General Motors Corp (GM.N) could triple over the next few years as the company's foreign sales are climbing and its labor costs are falling, weekly business newspaper Barron's said in its June 2 issue.
A bet on General Motors would be risky as the company may face troubles from the weak economy for another 12 to 18 months, Barron's said. But the company stands to save $4 billion to $5 billion a year starting in 2010 from a new United Auto Workers contract that lets the automaker transfer some of its pension assets and pay lower wages for new hires.
Barron's predicted the company's shares could rise to $30 per share, or even $45, in 2010 as those cost savings start to take effect.
General Motors shares closed at $17.10 on the New York Stock Exchange on Friday.
GM Jul 2008 20.0000 call (GMGD) #msg-29654734
My posting is for my own entertainment, do your own DD before pushing your buy/call button
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