Maybe some of their money managers think, like I do, that the stock is cheap because they aren't going bankrupt. Morgan Stanley has a huge asset-management business, so it's not like they're betting the ranch on GM.
More Quotes from David Healy:
The 1982 team is legendary in Northern Ireland but this match against England is our chance to record a victory of that magnitude,David Healy
Sales were running down in the early part of the month. In the middle of the month, they launched heavy incentives, and had a very strong close.
David Healy
I don't think there's any sector- or stock-specific news that is moving these stocks today. The gains you're seeing are a reaction to the steep drop these stocks have taken of late and the recovery the shares have seen for the last few sessions. It's pretty much a group recovery.
David Healy
If it wasn't GM in crisis mode and the whole feeding frenzy going on in the media, a small restatement like this wouldn't get any attention.
David Healy
They were pretty much as expected in North America. Where they made gains was in better operating margins in Europe. Given that the market-share numbers in Europe are available and pretty unimpressive, it must be on the cost side.
David Healy
isn't going to make or break the company.
David Healy
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