John Novak Gm Quotations

There is just considerable and growing uncertainty surrounding GM and Ford Motor Co. (F.N: Quote , Profile , Research ), and that ripples through the industry.

A strike would be a cataclysmic event. If there was a widespread strike, this is a worst-case scenario, GM probably has 10 or maybe 15 weeks of cash.

It's hard to imagine what the upside catalyst is, what specifically is going to change things and lead GM to a turnaround. The list of negatives is so long, and you look at the positives and there's just not enough there to have any confidence at all. ... It probably will get worse before it gets better, so it's possible that GM will be a buy again someday, but that day's a long way off.