Analysts sound note of caution on GM cash burn

Newswire

By Jui Chakravorty DETROIT, Oct 26 (Reuters) - General Motors Corp. Chief Executive Rick Wagoner has been riding high with Wall Street this year: GM stock is up almost 80 percent and talk of bankruptcy has receded after billions of dollars in cost cuts. But analysts caution that the automaker's recovery is still stalled by one important measure: cash burn. "Weak cash flow outlook keeps us skeptical (a) turnaround is underway," Goldman Sachs analyst Robert Barry said on Thursday, a day ...

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