The New CS Board

[jumanji0881]

Why not ?

My comment: I suppose if Tesla shares can soar while their vehicles go up in flames, then GM should prosper selling to subprime customers. What I don't understand is if "40% of the cars on the road now are 12 years or older", who has been buying all of those new cars ? And after GM shares have been pummeled with a 15% loss, they must certainly be a bargain. Sheesh...gold shares are down 90%.

GM stock is in the gutter. Time to buy? : http://buzz.money.cnn.com/2014/04/01/gm-stock-oversold/
Excerpts:
Its stock is down about 15% in 2014 as the automaker has contended with seven million recalls and questions from victims' families and government officials about why it took 10 years to recall millions of cars with faulty ignition switches.

Still, General Motors (GM) has roared back since the days of its bankruptcy and government bailout. The stock went on a tear last year and is still up roughly 25% over the past year.

GM will also benefit from robust auto demand in the United States over the next three to five years, Ward claims. That's because 40% of the cars on the road now are 12 years or older.

"It's the oldest fleet you've ever seen, and its going to need to be replaced," he said