Despite “Buy” Ratings, Wall Street Frustrated By GM

GM's stock is still considered a "Buy" in the eyes of much of Wall Street,  but analysts say that more changes are needed to accelerate the pace of growth in the post-Bailout era. Ben Klayman of Reuters spoke with a number of analysts at major investment firms had a number of suggestions for GM; trim middle management, hire new employees from outside sources and rid itself of the insular, rigid culture that plagued the old GM. Europe remains a focal point for criticism, with the PSA-GM alliance, and its write-down by GM, being a point of criticism. And let's not forget Opel either. Klayman reports that letting go of Opel would do a lot for its share price Last month, Morgan Stanley analyst Adam Jonas, who rates GM's stock "overweight," suggested the company should divest its Opel business in Europe, which he said would boost GM's shares more than 50 percent. The Treasury's exit is cited as a pre-condition for some investors, who won't purchase GM stock until the government is no longer involved. from The Truth About Cars http://www.thetruthaboutcars.com

Put the internet to work for you. via Personal Recipe 680102