Reasons To Buy GM 买GM的理由

General Motor (GM 42.59) is America's biggest auto maker. It is a money making auto maker without EV, unlike other not profitable EV makers boosting their stock prices only by hypes and investors emotion. GM is a solid company ready to accelerate its EV development. As a company with 112 years of auto making experience and many manufacturing facilities ( GM has 1182 facilities across the U.S., including 11 assembly plants; 25 stamping, propulsion, component and battery plants; 19 parts distribution centers; and two engineering campuses), it is not hard to see that start up EV companies will not be its match down the road. Following are reasons to buy GM:

1. It's a value play. Forward PE is only 7 while SP500 Forward PE is 24. Price to Sales ratio is o.52 while the average of this ratio for the auto industry is 2. Price to Book ratio  is only 1.35 while under 3 is consider under value. Price to Cash ratio is only 1.63 while under 15 is consider good. 

2. It's a growth play. GM is targeting to sell over 1 million EVs by 2025. CEO Mary Barra said :"We're committed to fighting for EV market share until we are number one in North America, achieving margins similar to or higher than our ICE business and exceeding our previous target of selling 1 million vehicles globally by mid-decade." 

3. Plenty of institution sponsor as institutions own 80% of GM stocks.

4. Technically, GM has corrected back down to strong support at 40 after a surge from March low near 15 to November's all time high near 47. 40 looks like the floor for GM and resistances are 47. Analysts consensus rating is Strong Buy, price target is 50.82.

通用汽车（GM 42.59）是美国最大的汽车制造商。与其他不赚钱而只靠大肆炒作及投资人情绪来推高它们的股价的电动车制造商不同，GM是一家还没有电动车的赚钱汽车制造商。通用汽车是一家稳固的公司，准备加速其电动汽车的发展。作为拥有112年汽车制造经验和许多制造工厂的公司（通用汽车在美国拥有1182个工厂，包括11个装配厂； 25个冲压，推进，零部件和电池厂； 19个零件配送中心；以及两个工程园区），不难看出，将来新兴的电动汽车公司的发展将不能与它相比。以下是一些购买通用汽车的原因：

 1.这是一只价值股：前瞻市盈率仅为7而标普500前瞻PE则是24。价位/销售率仅为o.52，而汽车行业的平均价位/销售率为2。价位/帐面价值率仅为1.35，而低于3则被认为是价值被低估。价位/现金率仅为1.63，而低于15则已是不错。

2.这是一只成长股：通用汽车的目标是到2025年销售超过100万辆电动汽车。首席执行官玛丽·巴拉（Mary Barra）表示：“我们致力于争取电动汽车市场份额，直到我们在北美排名第一，实现与ICE业务相同或更高的利润率，并超越我们先前的目标是到这个十年的中期在全球销售100万辆汽车。” 

3. 机构拥有通用汽车80％的股份，大量机构赞助。

4.从技术上讲，在从3月的低点15飙升至11月的历史最高点47附近之后，通用汽车已经回调至40的强劲支撑。40看起来是通用汽车的价位底线，阻力位是47。分析师们的共识评级为强买，目标价为50.82。