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  • Blake Noble
    Blake Noble

    GM's Stock was the Worst of 2011

    January 3rd, 2011

    by "black-knight"

    CheersandGears.com

    Good news doesn't always mean great news, especially if you're in GM's shoes right now. Despite the fact GM is closer to snatching Toyota's global sales crown away, Chevrolet is very close to eclipising its all time sales record, and more new models are on the way, GM's stock has been trading somewhere between $20 to $21 bucks a share the last few days. Compare that to around this time last year when one share of GM's stock would have set you back about $36 dollars a pop or back in October when shares skyrocketed to about $43 dollars a piece.

    When you do all of the math, it adds up to a decrease of 46.1 percent, which sadly makes GM's stock the automotive industry's worst performing stock of 2011. By comparison, Ford's stock decreased by 37.3 percent throughout the course of last year -- which still isn't anything to celebrate about.

    So why has GM's stock taken such a nosedive in light of the major progress GM has made over the course of last year? Blame GM's European operations, which are still running in the red thanks to the Euro's rapid approach to meltdown status, and the U.S. Treasury still holding on to a big chunk of GM's shares.

    However, if the Motley Fool is to be believed, this might also be a good time to snap up a few of GM's shares if you think they are a wise investment since they are, after all, trading for less than five times of GM's earnings.


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