通用汽车当前基本面强劲，但若美国出现衰退，其作为高风险投资将面临显著下行风险。
逐段跳播
通用汽车表现很好。
General Motors is doing great.
如果你看看通用汽车，一切看起来都很好。现金流巨大。美国人乐意花更多钱买车。这就是为什么通胀更高。但保护自己的产业并没有错。好吧，股票表现不错，营收稳定，利润率略有改善，现金流巨大。
If you look at GM, everything looks good. High huge cash flows. Americans are happy to pay more for their cars. That's why you have more inflation. But nothing wrong with protecting one's own industry.
Okay, stocks are doing good revenues, stable margins, improving a little bit, huge cash flows.
然而，再说一次，如果我们走向美国衰退——这可能在两年内发生——那么这笔通用汽车的投资就是一笔糟糕的投资，很容易跌到低位。它在 20089 年破产，被政府救了下来，然后重新上市，而现在我们正处在景气高峰，一旦出现任何不景气的时期，这就是一笔风险很高的投资。当然，现在它还能涨得更高，但这只是时机问题。
However, again, if we go to a US recession that might happen in two years, then this GM investment is a terrible one and can easily go down to lows. It went bust in 20089 was saved by the government then public again and now we are at peak good times if there are any bad times this is a very risky investment now of course it can go higher but it's just a matter of timing
观察点
这个频道对 $GM 的历次判断
Value Investing with Sven Carlin, Ph.D. 在这只股票上只有这一条判断。