I think they will cut the dividend today. They should say something about the dividend one way or the other. Financially, GM shouldn't be paying any dividends at all.
More Quotes from David Healy:
It will be ugly. It will be expensive.David Healy
His departure is not going to make or break the company, but the cumulative loss of the top people from Chrysler is a significant drag, although it's hard to quantify,
David Healy
Both Ford and G. M. are saddled with these legacy costs that they're negotiating with the union. Beyond that, there isn't much they can do but continue to attack their single largest cost purchased materials.
David Healy
The bearishness is overdone. This is probably the part of the cycle where you'd do well owning auto stocks if you have some patience.
David Healy
With GM, I think overall you'll be looking at a 9 percent increase in October this year versus October last year in GM's light truck sales, and I think that their SUV sales will show an increase at least that big year over year, ... That's the good news.
David Healy
They say they are not increasing their incentive spending, but I have a hard time believing that, especially with the zero-percent financing. Chrysler probably has a lot of problems with inventories, and it's trying to solve them by price-cutting.
David Healy
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I think America is on the right track.
Wayne Allard