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Strategies & Market Trends : Value Investing

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To: Brian Sullivan who wrote (56608)	1/22/2016 1:04:06 PM
From: Paul Senior	of 76643

GM: I'll take more shares here. Positive blurb from Barron's: "General Motors ( GM ) shares are down 12% year-to-date. Earnings per share are expected to climb 14%, and the consensus has been rising. Shares now go for just five times the 2016 earnings forecast. Last week, GM raised its 2016 earnings guidance and expanded its authorized share repurchase to $19 billion to be spent through 2017. That’s roughly 20% of its stock market value. It also boosted its dividend. The new payment gives shares a yield of over 5%." Imo, too soon to be concerned about an oversupply of used cars in future with the many cars coming off leases. And I'm even less concerned about large amount of subprime auto loans. I'll take now what the market's giving me now: p/e 5 & yield 5% for GM works for me. (Although otoh...I've found it tough to make money in GM in past, so maybe I'm wrong here again.)

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