Reiterating Buy Rating on GM

4/5 - "We are reiterating our rating of Buy on GM at this time...GM’s current Price to Sales per share ratio of 0.1x is
significantly below its average levels historically. In fact, with a current price of $20.58, GM is a full 62.8% below it’s average Price to Sales ratio at comparable sales levels...GM is below its historical average multiple of cash earnings as calculated by Ockham."

"At its current price of $20.58, the Price to Cash Earnings ratio of 1.3x per share for GM is relatively attractive. At current profitability levels, a drop in share price would only improve our future expectations."