The quarter as a snapshot is certainly a move in the right direction. But that being said, it didn't convince me of anything.
More Quotes from Kevin Tynan:
It kind of makes you wonder. That's his gig. That's where he came from. You have a hard time believing he's unaware of things like this, or didn't know what was going on. It's certainly disconcerting, at best.Kevin Tynan
This is a company and an industry that has a lot of bigger issues to deal with.
Kevin Tynan
What you're getting now with the stock where it is trading, there is a lot of news-event volatility, you get people betting on the next move... they're basically just trading on the momentum being generated by the news.
Kevin Tynan
GM's new products are just not getting the job done and the company is losing market share, ... It's really a combination of three things going on. There's lower sales mixed with falling prices and higher input costs.
Kevin Tynan
Some analysts said that knowing earnings were dismal, GM had to take some sort of action. Things like today are great it's better than not being able to announce anything, ... But I certainly don't think it's anywhere near the scope or the magnitude of what this company needs.
Kevin Tynan
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