Thursday, June 5, 2008

Buy GM Stock!

Buying the stock of growing companies has always proved profitable for investors through the years. Lately, investors have been tracking the energy race with the popular belief that if the nation does in fact convert to an eco-friendly society, then what ever company is in the lead of fuel and energy tech advances will gross the most.

Now if you've been keeping up with the news lately, you would know that GM, General Motors, made an announcement earlier in the week that GM is dropping large trucks and SUVs to make more fuel efficient vehicles. The New York Times reports:

And in a humbling admission that the S.U.V. era is all but over, G.M., Detroit’s leading automaker, said it was considering selling the gas-guzzling Hummer brand it once regarded as a pillar of future growth.

In announcing the changes, Mr. Wagoner said $4-a-gallon gas prices had forced a “structural shift” by American consumers away from large vehicles into more fuel-efficient cars.


Immediately after this headline hit tabloids, GM stock prices dropped. In my opinion, this is an excellent time for investors to capitalize on low stock prices.

As you may or may not know, GM is a one of world's largest automobile manufacturers. They own major car brands such as; Saturn, Pontiac, Chevrolet, Buick, and Cadillac, just to name a few. And for several years now, they have been working on fuel efficient automobiles.

Now I'm no broker or anything, but I have been receiving personal, investment mentoring by the CEO and founder of an investment firm branched across my city and state. You be the judge, but it seems like a BUY! BUY! BUY! To me.

Sources:
http://www.nytimes.com/2008/06/04/business/04motors.html
http://en.wikipedia.org/wiki/General_Motors_Corporation

2 comments:

Bankrupt said...

How did that work out?

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