GM – Market expectations are for slight Uniform ROA compression, but management is confident about their cost initiative, market share, and taxes

• General Motors Company (GM:USA) currently trades near corporate averages relative to UAFRS-based (Uniform) Earnings, with a 19.9x Uniform P/E, implying bearish expectations for the firm, but management is confident about their cost initiative, market share, and effective tax rate
• Specifically, management is confident they have made significant progress on their transformational cost initiative, and they are confident that the strength of their product is driving market share growth. Furthermore, they are confident their effective tax rate will be lower due to the strike.