GM is back from bailout and after paying its loan off rather early, the car company is showing pretty favorable gains. So, does this mean that the industry that once was the heartbeat of the American economy is worth investing in once again?
Some say, why not?
The fact that GM came out of the gate with new models that were right on the money, such as the Chevy Cruze (which allows you to connect to your Facebook- a major selling point for newly licensed teens and early twenty-somethings). Low cost, fuel efficiency and tapping into the social networking craze that doesn’t seem to be dying off anytime soon has certainly given this, once flat-lining company, a resurgence.
In the first quarter alone GM sales advanced to over $30 billion dollars – a far cry from the days of bailouts. And while sales will slow sooner or later, thanks to a less-than-awe-inspiring economy, the fact that stocks in this company are still selling at $30 a share is impressive.
Insiders and experts say that the drop in car sales since January shouldn’t fool investors into steering clear from GM. Instead it seems for them that all signs point to the fact that GM will hold its own and stay solid. More fast economic news will tell us more in the future.
In terms of investments, for those looking to put a large sum or purchase a lot of shares, it appears that GM, with its new forward thinking cars and policies may not be your least attractive bet.