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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: Paxb2u who wrote (42119)	12/19/2012 11:32:29 AM
From: GROUND ZERO™	Respond to of 224023

You're right... another very good point... GZ

To: Paxb2u who wrote (42119)	12/19/2012 11:45:37 AM
From: Keith Feral	1 Recommendation Respond to of 224023

AIG continued to buy each tranche of government stock higher. I think GM has indicated the 200 million shares is all they plan to buy back. At the current price, that leaves the Treasury with a $12 billion loss on the position. Good thing they made $22 billion on AIG alone. God knows what they made on all the other banks along the way. I've been buying GM since $20 when FB crashed and burned. I think GM is a better $20 stock than FB with $3.75 in forward EPS. With GM buying back over 10% of their stock, those EPS projections should be closer to $4.12 next year. That puts the PE on the stock at 7 with at least a 50% growth rate from last year.