OT: Buying GM Stock, a steal at $2?

[Ofishbein]

Originally Posted by Brucelee

I am not buying GM. I think 11 is in their future.

Ford is OK and pretty cheap.

I agree. If - and it's a big IF - I were going to buy any US auto stock it would be Ford since I think they have the best chance for survival. They might even pick up some market share from the die-hard buy-American-or-walk contingent once the shakeout is over.

Unfortunately, I think GM and Chrysler are already dead but just don't know enough to lie down yet. Unless the UAW is willing to take big concessions, I afraid that these bailouts are just postponing the inevitable.