Hedge Fund Takes GM Stake

Hegde fund Hayman Capital Management has taken a stake in General Motors.You're starting to see them take market share back,said Hayman founder and managing partner Kyle Bass.With their new 2014-15 product line,they're gonna increase dividends and buy back stock.Given how cheap the stock is,we think it should be trading in line with Ford.When you look at the enterprise value,it's about 47 billion dolars.
A 100 basis point move takes eight points away from their pension liability.We think that could actually go down to 17 billion dollars.We just think from a catalyst-driven timing perspective,now is the time to invest in GM.
The new GM products will take North American sales back.You have them really working on all cylinders.Motor Trend gives it the New Product of the Year last year.We think it's incredibly cheap and it's gonna move much higher next year,Mr.Bass noted.*
The federal government has announced it has exited its stake in GM,as Mr.Bass predicted it would by the end of the year.The taxpayer lost 10 billion dollars on the bailout of the automaker.*
GM shares closed at 40.90 in Monday trading,up 1.82%.

Should You Invest in Tesla Motors

Tesla Motors is s Silicon Valley company that produces fully electric vehicles that get high marks for drivability.It was co-founded by leading engineer Elon Musk.Tesla trades as a tech company,forward-looking,according to Ben Kallo,Senior Analyst at RW Baird.They'll eventually have to produce some earnings to back up the steep share price,when they demonstrate they can build a car for the average consumer at a price of about 32,000 dollars.They need a cheaper battery pack.Right now,Tesla produces performance cars that go for about 100,000.*Tesla holds an 8% share of the US luxury car market and showed an 8% improvement in gross margins.I'm at a 118 price target on the stock-meaning it is presently overpriced.It closed at 147.95,up 0.39%,in Monday after hours trading.*Tesla has built a brand with a loyal following that is spreading like wildfire,Mr.Kallo concluded.*Based in Palo Alto,California,Tesla has 31 stores and service centers worldwide,and is on the road in 37 countries.Two models are currently available,the Roadster and the Model S.The Model X utility vehicle will be available in 2014,the company says.*Tesla Motors(TSLA)

Working To Improve:GM Banks On New Intros

All segments of General Motors saw a sales increase in Q1 except GM Europe,where sales fell off a cliff by 19.8% in the midst of a Euro-zone recession.Overall,it was a successful quarter for the fabled carmaker,beating Wall Street expectations on both profit and revenue growth.The company has a 15.1% share of the Chinese market,but has to share that revenue with the local joint venture partners required by the Chinese authorities.The U.S. government still owns about a third of GM,which it acquired during the financial crisis in order to save the corporation and its UAW jobs. Chief Financial Officer Dan Ammann said we're working every day to improve the profitability.We're having great success with new introductions.We have 20 or more new launches around the world this year,and that's what's gonna drive sales.We're working hard on both the revenue and cost-cutting side of the business.We're working to do everything we can within the constraints of the European situation.We've taken a lot of action on the cost side in Europe in the past few years-not just the past few quarters,Mr.Ammann pointed out. General Motors(GM)

Automotive Opportunity:CarMax Jobs

CarMax is hiring.They are looking for Detailers,Technicians and Sales Consultants.Among Fortune magazine's 100 Best Places to Work For,they are offering a generous benefits package.
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CarMax Adds D.C. Staff

CarMax is adding staff at its D.C. stores.One of Fortune magazine's 100 Best Companies to Work For,they are offering a generous benefits package,including a car discount and tuition assistance.They are looking for Detailers,Technicians and Sales Consultants.
CarMax says it as an engaging workplace with opportunities for advancement,recognition and fun.You may apply online at carmax.com/careers