Quote:
Originally Posted by Martinjlm
General Motors (GM) shares surged 9.8% following the carmaker's third-quarter earnings report. GM exceeded sales and profit estimates, highlighting successful cost discipline and capital efficiency, increased profitability from electric vehicles (EVs) and redesigned sport utility vehicles (SUVs), and strength in China.
As much as this forum despises Mary Barra for decisions made on one product line (maybe two), that’s how much Wall Street investors and stockholders love her. She’s here for the long haul.
A week ago GM was trading at $48.49. After yesterday’s earnings report it closed at $53.61 and opened today at $54.06. Retirees are smiling too.
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Nobody cares though. Financial success used to be a valid proxy for actual value generation, but that correlation is all but severed, so GM's ability to turn a profit, while very nice (for them), says nothing about the things that matter to many enthusiasts.
On a much brighter note, however, I hope you enjoy your active / retired life
Oh, and wifey and I just went to Bowling Green and (true story) saw 5x more Camaros than Corvettes outside the NCM, 15 vs 3 in a few days, with a nice HBM ZL1 parking smack in front of the museum entrance
Finally, I also noticed that Tadge Juechter was added to their hall of fame as the only inductee this year so far.