The concern I would have is that General Motors may have given away their bargaining chip without necessarily getting the concessions (from the UAW) they need at this point.
More Quotes from Brett Hoselton:
We continue to believe that a significant internal or external change could be a positive catalyst, including an acquisition or divestiture or a management change. We are maintaining our Buy (2) rating and 10 price target, and would caution investors that this is a speculative call.Brett Hoselton
Have they made significant improvements The results suggest that we're not seeing any sort of a dramatic turnaround in the organization.
Brett Hoselton
It does raise some concerns. Do you get to a point where management has to focus on these issues
Brett Hoselton
They have become a one-trick pony with the commercial vehicle sales. The problem is, that pony is going on a hiatus next year.
Brett Hoselton
We just don't see them having the ability to turn things around.
Brett Hoselton
I think they are being more straightforward with the costs since, given the current situation, the number can be biased a little more to the negative.
Brett Hoselton
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