|
My 2 cents:
None of these companies are good buys, period. Up until recent the way they were profitable was to build things like the F150 (a very successful product in demand at the time), GM built burbs and Hummers, Chrysler large vehicles and minivans. They made bank on the big stuff and arguably the mid size family cars.
Excessive fuel taxes, restrictive EPA mandates, and wacko government regulations have all but hamstrung these guys into a position to do anything quickly about it. Obviously, they can't build a pickup that gets 40 mpg, so nobody buys.
If the bailout fails to happen, or falls short and does nothing to correct the situation, 1 of these outfits if not all of them will go bankrupt and be reorganized. True, GM and Ford won't cease to exist, but your shares of common stock might.
Go for larger manufacturing firms that have diverse product lines and global presence. Danaher and 3M come to mind.
__________________
'84 Carrera Coupe
|