GM bond. Yes, that too. I have a gtc order in. Trying to get same price as snookcity when he posted.
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Fwiw, have been out of BMW adr for a while now. May reenter at these lower prices. Have exited Toyota as that stock has dropped back. Still holding Honda. Pretty hard, maybe near impossible, to beat the Toyota Production System. Apparently though, TM has faltered (lost some reputation for solid quality) as they've too quickly expanded and increased production through world-wide facilities. TM has a wide diversity of auto products; Honda not so much so, but is very strong in engine development (except for V-8's). I like Honda's possibilities in aircraft manufacturing. Both HMC and TM at about the same p/e; HMC with a higher p/sales number. Way higher than GM. Deservedly higher, but imo, makes GM a better buy if GM can muddle through with attractive new product, some decent initial quality and maybe then some better (lower) depreciation rates for their vehicles. At GM's current and lower stock price, their offloading of health care costs, their demonstrated Cadillac resurgence, I'm willing to place a bet on them.
All jmo. |
