Three reasons to buy stock in the GM IPO (NYSE:GM)

1) The press. GM's IPO GM is projected to be the second-biggest IPO in history behind only Visa Inc.'s $19.7 billion sale in March 2008. With that hyped-up interest level, expect volatility and a good chance to capitalize on short-term price changes. 2) The profits. GM reported record third-quarter net income of $2.16 billion last week. All told, the company has earned $4.77 billion this year. They've already said their forth quarter earnings will be "significantly lower" than the first three quarters, but so far, they've earned more money than Toyota Motor Corp. this year. 3) The future. GM has a lot riding on its revolutionary Chevrolet Volt. The hybrid electric car will have a range of 25-50 miles on a single charge. That's more than enough distance for the average American commuter, and it has the potential to change the way GM powers its vehicles in the future. A handful of consumers are already testing Volts.