General Motors Trades for Just 5 Times Earnings. Incredible Bargain or Value Trap?

Massive automaker General Motors (NYSE: GM) trades for a rock-bottom valuation of less than 5 times forward earnings estimates. Meanwhile, the company is extremely profitable, management is buying back stock hand over fist, and there's a ton of growth potential as the electric vehicle (EV) and autonomous vehicle strategy evolves. In this video, I sit down with Fool.com automotive expert John Rosevear to discuss why this seemingly strong company is trading so cheaply.*Stock prices used were the morning prices of Aug. 23, 2024. The video was published on Aug. 30, 2024.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool