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Strategies & Market Trends : Buffettology

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From: Paul Senior	10/23/2014 2:25:47 PM
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GM: I'll follow Mr. Buffett/surrogates (http://money.cnn.com/2014/08/15/investing/buffett-gm-increase/ ) with a small buy now. Stock is down on larger-than expected earnings and also a day when the Dow is up over 266. According to WSJ, "Chief Executive Mary Barra reaffirmed the company’s near-term financial targets, promising greater operating efficiencies in product development and purchasing. Shares fell by less than 1% in midday trading Thursday to $31.17 despite a rally in the broader market as investors focused on the company’s flat revenue on a year-over-year basis."" A negative opinion: Morgan Stanley auto analyst Adam Jonas said on Thursday that growing caution around the world and earnings warnings by big suppliers are weakening the industry’s outlook outside of North America and China. He advised investors to use any gain in GM shares “to calmly approach the exit.” A more positive opinion from the article: " “There is nothing here to be discouraged about if you are a believer in GM’s long-term recovery,” said Morningstar Inc. automotive analyst David Whiston. “What you are seeing here from both GM and Ford Motor Co. is how they are handling a business where the U.S. and China operations are now strong but the rest of the world is weak.”"

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