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OPINION - USA - BUY GM
NEW YORK,NY,USA - Forbes,by Richard Lehmann - 05.05.05: -- General Motors' travails are endlessly recounted in the news media these days. Deteriorating market share, clunky designs, moneylosing quarters, enormous labor costs, all contribute to the sense of dread that surrounds this onetime corporate icon... While buying GM common stock is a dubious choice, the automaker's bonds and preferreds make a lot of sense. (Here the term "preferred" encompasses not the usual variety of senior equity but minibonds that trade like shares of stock.) GM may be forced at some point to cut its common dividend, but its bond and preferred interest payments are on firmer ground... http://www.forbes.com/home/business/2005/05/05/cz_rl_0505gm.html
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