Michael Shulman
Michael Shulman is the editor of ChangeWave Shorts, a newsletter advisory service that helps individual investors make money on the short side of the market.
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Portfolio Killers: 8 Zombie Stocks to AvoidMarch 10, 2009 By Michael Shulman, Editor, ChangeWave Shorts |
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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
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