With GM stock hitting lows not seen since 1974, is GM priced below book value?

Is this a viable long-term investment?

Answers

traderdad37 answered a question in Latest News.
106 points

traderdad37 answered 9 months ago …

No. I answered this question from another member as well. Just because GM looks cheap don't be tempted. They're not a fundamentally sound company and their prospects are bleak. Look for Congress to balk at giving them more money and in the end they'll go into bankruptcy. That will wipe out or at least significantly punish shareholders.

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