Portfolio Killers: 8 Zombie Stocks to Avoid

Zombie Stock #7: General Motors (GM)

This is a ridiculous company with an even more ridiculous management group. GM’s cars are mediocre, its union contracts are incredibly
extravagant in a brutally competitive industry, and management seems to think we are still in the 1950s.

Recently, the company’s auditors raised even more concerns about the automaker’s ability to survive without more loans from the
government. GM’s own forecast assumes survival based on a car market that is larger in 2013 than it was in 2006. Yeah, right.

True shareholder value: zero

NEXT: Zombie Stock #8 – Ford