The market has priced out near-term bankruptcy risk. But the company still has industry risk, execution risk and turnaround risk.
More Quotes from Shelly Lombard:
So far they haven't been able to see a strong sense of urgency. It's a little here and a little there. It's not the sweeping kind of change that this company needs.Shelly Lombard
While we give GM a 'B' for effort, this news is not as compelling as it sounds.
Shelly Lombard
This tells us what we already know, that this is a company in deep trouble. Their GM business is falling away so fast that their non-GM growth cannot compensate for that.
Shelly Lombard
The numbers were great ... they have great ratios, they have very affluent subscribers and their revenue per subscriber goes up every month. These guys are what every cable company wants to be when they grow up.
Shelly Lombard
Although GM has almost 17 billion of cash, it could run through that amount very quickly in a strike scenario, accelerating the time frame for a bankruptcy filing.
Shelly Lombard
The wildcard here is always management. The industry is slowing and it would be nice to see them pay down some debt and accumulate some cash instead of going off in all these different Don Quixote missions.
Shelly Lombard
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