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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: bentway who wrote (610142)	5/5/2011 11:22:46 AM
From: tejek	Respond to of 1575608

Ted, I know a few people under the age of 25, through my niece, who's in college. Not one of them owns a TV, or a watch That would explain a lack of growth in tvs. We're talking a decline. BTW I didn't buy a tv until 5 years after college. I have never watched much tv. And some of my German friends who are in their mid 30s still don't own one. But all through that time the number of tvs continued to grow until two years ago.

To: bentway who wrote (610142)	5/5/2011 11:29:07 AM
From: tejek	Read Replies (1) \| Respond to of 1575608

Thanks Mr. Obama! GM: The Most Undervalued Company? By Jake Lynch 05/05/11 - BOSTON (TheStreet) -- General Motors(GM_), which released earnings today, is expected to reclaim a global sales lead, overtaking quake-damaged Toyota(TM_). GM remains a compelling long-term value, and its stock has rebounded 5.4% since hitting a post-IPO low on April 19. A recent uptick in auto optimism, helped by a solid quarterly report from arch-rival Ford(F_), is just the latest reason to consider this undervalued stock for 2011. This morning, GM posted first-quarter sales of $36 billion and net income of $3.2 billion. On an adjusted basis, the automaker reported earnings per share of 95 cents. Both the top- and bottom-line results exceeded analysts' consensus expectations. The analyst sentiment for GM remains overwhelmingly positive, with 75% of researchers in coverage advising clients to purchase shares and 25% recommending they hold them. A median 12-month target of $43.29 suggests that the stock is almost universally considered undervalued as that mark suggests a 32% advance. The equity currently costs an enterprise-value-to-EBITDA multiple of 3.9 and a free-cash-flow multiple of 4.7, 52% and 74% peer discounts. Ford's stock has risen marginally since it released first-quarter earnings, though its report was well-received. Ford increased its adjusted earnings 29% to 62 cents, beating consensus by 25%. Sales, up 4.9% to $33 billion, outgrew the consensus by 7.6%. GM, which has a fast-growth China unit, had similarly strong beats. The consensus profit forecast for GM trended up by a cent in the past four weeks. And, on Tuesday, UBS, previously cautious about GM, lifted its rating on the stock to "buy" and boosted its 12-month price target 20%, from $35 to $42, while altering its thesis. read more.......... thestreet.com