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Non-Tech : GM - General Motors

GM 70.75

+2.8%

Nov 7 9:30 AM EST

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To: Ramsey Su who wrote (72)	7/1/1998 7:26:00 PM
From: TheSlowLane	of 543

I have also been surprised but not disappointed by the strength shown by GM even as the strike wears on. If you believe what you read in the papers - the analysts would rather see GM coming out of this without making a lot of concessions, particularly in light of the reported low productivity in those plants. So a good settlement is more important than a quick settlement. Still, it would seem reasonable to anticipate that the impact of the strike on at least short-term results will be increasingly significant as it drags on. I have not researched GM extensively myself. A value-oriented money manager I know said that they had watched GM very closely for a year before taking a position in it several months ago. They felt that the company had made measurable progress towards setting the stage for more growth. One of the things that Zweig mentioned that I have heard elsewhere is that the value of the parts is much greater than where the whole is currently trading. There is no guarantee that these parts will get spun off - but there seems to be a growing body of opinion that anticipates that.

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