Buffett-follower Mohnish Pabrai says General Motors should scrap its dividend | Value Investing News

Buffett-follower Mohnish Pabrai says General Motors should scrap its dividend

  • GM's stock has been roughly flat since Pabrai bought it five years ago, and a separate investment in a zinc manufacturer went to zero.
  • Equally significant, Chrysler was incredibly inexpensive five years ago, around the time of Pabrai's investment, trading at essentially just its earnings power with no growth multiple at all.
  • "There isn't going to be any self-driving cars as we think about it for at least a couple of decades," said Pabrai.
Rating: 
No votes yet
Article Link: 
Shared Count: 
20
Value Score: 
20
Category: