General Motors sold more than 1.4 million shares of its common stock after the close of trading on Monday, June 19, 2014, as it reported its fourth-straight quarter of double-digit earnings growth.
GM is currently one of the few automakers to have been listed on the Nasdaq, making it the most popular in the US.
GM has been a great stock for investors because of the long time it has had to grow before it gets listed on the Nasdaq. It’s been on the Nasdaq for over a year now, and it has never lost money. It’s currently up over 5 times since the beginning of 2012, and it was up over 11 times in the first quarter of 2014.
GM’s stock has been incredibly volatile, and has lost as much as 18% in the past three years. But despite these losses, GM’s stock has made new highs every year since 2009, so there’s no reason to worry about the stock right now. Its been a long time since GM has missed its quarterly earnings, and it should be able to pick up some growth in the second quarter, especially with the release of the Cadillac XT4.
General Motors has a long history of high stock price volatility. The company has only missed its quarterly earnings once in the past four years, and that was just a few months ago. But the stock is up nearly 17 more times since 2009, so there should be plenty of upside to the stock in the second quarter of 2014.
GM is one of the most profitable automakers in the world, and the company has been able to beat earnings estimates for the past few years. That said, the company has a notoriously volatile stock price, and it has been a few years since it missed its quarterly earnings. Last year, GM missed its quarterly earnings by $11 million compared to the year before.
Given the fact that GM has been so successful in the past few years, it’s not surprising that the stock has been up. But let’s not forget that GM had a rough couple of years after the 2008 financial crisis. The company saw a drop in profit and sales for its premium brands, but stock prices have recovered a bit since.
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General Motors shares were down as much as 40% during the 2008 financial crisis. But the company seems to be back on track, and the stock even trades at a discount to its 2008 value: General Motors shares are now trading at a discount of more than 40% to their 2008 value. This is a lot of money and a lot of power for a company that had to deal with a financial crisis.
In the old days it was much easier to get financing when General Motors was operating in the black. Now these days the company is more profitable than it was a few years ago and it still does need to raise money, but it is also doing so in the most affordable way possible.