Quote:
Originally Posted by oilers_fan
So when do I start sinking money into GM? Share is down 23% on the day right now.
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Hmm, considering that I've heard the dividend might be gone if the US gov't helps them out, I'm not sure this is the time. Usually stocks take a tumble when the dividend is chopped.
However it might not be a bad time to look into companies that would benefit from bailouts indirectly. I've actually started looking into automotive companies that make carious parts for the car industry, but are not actually car companies themselves. One of them is Lear (LEA). They have been absolutely hammered this year, but apparently have already made some big preperations for the slow-down, so should be able to weather the storm. They make electrical parts and seats, something that shouldnt necessarily be affected too much if there is continued green-push in the car industry.