Micheline Maynard

Micheline Maynard writes an excellent piece in Saturday's New York Times on Ford, which mentions portfolio holding General Motors (GM/NYSE).

She was also interviewed in the third hour of Bob Brinker's Moneytalk radio program on Saturday. She said we could eventually reach the point where there is only one major American auto company. I was driving in my car and not taking notes, but I believe Maynard stated that GM was in better position to be that company.

Note she wasn't making a prediction.

And note she wasn't saying there would only be one American auto company if this non-prediction came to be.

But her reporting, from what I've read, seems sound and level-headed. Several months ago Maynard was again interviewed on Brinker's program at the height of the GM bankruptcy media mania -- and she said then she doubted the company would go bankrupt.

That doesn't mean she's right. Or that I'm right in believing GM will turn out to be a profitable investment. And make no mistake, Maynard is not a stock-picker and is not recommending people buy GM shares.

I did. And I do. And reading the reporting of fine journalists like Micheline Maynard is indispensable in keeping tabs on this particular investment.

Comments

[nodoodahs]

"GM bankruptcy media mania?" From where I stand, bankruptcy remains a very real possibility. Not only for GM, but also for F.

[Kick Ass Baby]

As far as I have read, Warren Buffet never liked automobile business's mainly because of the capital expenditure to keep up to date with new models. He tends to like products when once their built or produced they can be mass produced without huge capital spend every few years.

I tend to like smaller growth stocks unloved by the stock market which can grow over 30% per year. I have a couple of candidates in my pension fund and I analyze them on my blog.

[John]

nodoodahs: The media talk about GM going bankrupt has definitely dropped off significantly, IMHO. I refer to it as a "mania" but others may not use that word. No big deal. I think the only way GM would file for bankruptcy protection would be if the UAW decide to commit suicide.

KAB: I like GM. You don't. As they say, that's what makes a market. I wish you the best with your picks and blog, and thanks for reading this one.