Quote:
Originally Posted by 8cd03gro
I doubt that very much. You guys need to understand that $33 at the current O/S is very different from $33 at what the o/s will be in two years. If GM hits the $50s after all the coming dilution, it would be because of some SERIOUS profit on GMs part. At this point it is almost unimaginable. If GM can hold $30s for the next few years it would be a massive success. $50s would be an absolute miracle.
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GM is estimated to make 5.40 a share next year and over 7 in 2012. That means to recoup the government money, it would only need a forward pe of 10. They have strong earnings growth ahead of them, it's completely possible.