GM will be in the news again today. Some comments from market analysts.
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"We continue to question how GM can maintain a business in which 40% of North American volume is directed to fleets and GM's own employees," according to Deutsche Bank's Rod Lache.
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An analyst from Goldman Sachs:
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Cites valuation, given belief that bankruptcy is very unlikely in the near term
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A good price because they will not go bankrupt? Stock market was always willing to overlook GM weaknesses because of GM's size and how vindictive GM can be.