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Strategies & Market Trends : Value Investing

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To: E_K_S who wrote (53983)6/9/2014 10:57:46 AM
From: Bart Hoenes  Read Replies (1) of 78628
 
Thought I'd mention this.
I also own ETP, but in 2013 directed money into ETE because of this:

finance.yahoo.com

On GM, I would be careful with this one.
I will not own due to their subprime exposure.

>>
GM is relying on subprime borrowers far more than its competitors, though. The company's third-quarter financial report informed investors that "88 percent of the consumer finance receivables in North America were consumers with FICO scores less than 620," which is the “less than perfect" credit threshold for the subprime market. Consumer receivables 31 or more days past due, at $1.075 billion, were 34 percent higher than a year earlier. - See more at: thefiscaltimes.com
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thefiscaltimes.com
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