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Strategies & Market Trends : Contrarian Investing
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To: Rolla Coasta who wrote (2179)6/5/2008 8:52:29 AM
From: robert b furman  Read Replies (3) of 4080
 
I remember as a GMI student in 1973 - GM hit the 13-14 as a low.

My business finanace professor mortgaged his house and bought GM stock.

Told our class of his position.

He announced by the time you graduate (3 years later) I'll have my house paid off.

I graduated ! and he was right (w/o a mortgage)

I loved that professor - he was one of the few that was trully inspirational.

I'm a buyer at 15 and scale down 3-4 times from there.

If not my 2 GM stores is investment plenty in this big slow beast.

They really are way ahead on many fuel efficiency aspects:

efficient fuel economy
flex fuel vehicles and cellulosic production ownership
hybrids
hydrogen
diesels

Itw ill be a long term double that will pay a good dividend.

Not bad

JMHO

Bob
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