In today’s post:
🚗 They Sold 31,692 Fewer Cars…
🚗 They Sold 31,692 Fewer Cars…
General Motors $GM ( ▲ 0.28% ) dropped its Q2 numbers earlier this month and the headline looks ugly: 714,896 vehicles sold vs 746,588 a year ago. That's a 4.2% decline, and the share price pulled back on cue.
So the central question: is GM a falling knife, or a 19% earnings yield hiding in plain sight?
Let's investigate. Because the closer you look at this "bad" quarter, the weirder the bear case gets.
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