GM on Day 2: Now What?

Some Wall Street analysts issued bullish outlooks for General Motors GM on the day of its initial publicly offering, citing the company's ability to be profitable in its major North American operations, and a relatively-clean balance sheet post-bankruptcy. But analysts note at the same time that GM's stock performance in the short- to medium- term will be weighed down by the stigma of U.S. and Canadian government's partial ownership of the auto maker; and over the long term, observers continue to focus on how successful GM is in keeping its structural and labor costs under control. While it is still early and several major brokerage houses have not initiated coverage on GM yet – mainly because so many firms were involved with its IPO and are legally unable to comment yet – several analysts were generally bullish on GM in their reports. Continue reading the article.