Battered Automaker Giants Ripe for Contrarian Investors
Aug 25th, 2008 | By Christian Hill | Category: Financial News, Stock Market InvestingFord (NYSE:F) and General Motors (NYSE:GM) are trading around 15-year lows, as high fuel costs have devastated the industry.
But Detroit’s big automakers offer an opportunity for the contrarian investor, says Christian Hill in today’s Early to Rise. Bankruptcy for either is highly unlikely, given the knock-on implications for a whole region of suppliers.
With limited downside risk and considerable upside potential, Christian says it’s time to view these two companies as long-term recovery investments.