About | Free Trial

Last Update


This profile was last updated on // .

Is this you? Claim your profile.

Background Information

Employment History

Wall Street Strategies Inc

Research Analyst
Wall Street Strategies Inc

Portfolio Manager
Amana Growth Fund


Board Member


Tulane University's A.B.

Bachelor of Science
Freeman School of Business

Web References (198 Total References)

Caterpillar Earnings - wstreet.com

www.wstreet.com [cached]

By David Silver

More Articles by David Silver
David Silver Wall Street Strategies

Wall Street Strategies

www.wstreet.com [cached]

David Silver David.Silver@wstreet.com 212-622-7504

"You're going to see these big ...

www.reuters.com [cached]

"You're going to see these big moves up or down," said David Silver, analyst at Wall Street Strategies, regardless of whether it refers to "news pushing it toward bankruptcy or news that bankruptcy may be avoided."

Wall Street Strategies

www.wstreet.com [cached]

David Silver, analyst for Wall Street Strategies, said that $1 is a "big mental barrier for a stock" and he expects GM to plunge much further.

"My price target is zero right now because I think the company's going bankrupt," he said.
Link to full article: http://money.cnn.com/2009/05/13/news/companies/gm_stock/?postversion=2009051311
Posted by David Silver, Research Analyst
David Silver, an auto industry analyst at WStreet.com, recently lowered his price target to zero because as he sees it, bankruptcy is "all but inevitable" at this point.
"It really is amazing that the stock is still finding buyers," he said. "I guess there are people that are willing to take the risk on a dollar stock. It is time to rip off the band-aid, why wait until the June 1 deadline?"
The lingering shareholders seem to be holding out for some sort of last gasp rally, which is still a possibility considering the amount of short sellers in the stock, Silver said. "If we see that one up day for the stock, there could be a massive short squeeze as people rush to the exits," he explained.
Link to full article: http://www.marketwatch.com/story/for-gm-shareholders-zero-value-looms-large
Posted by David Silver, Research Analyst
Posted by David Silver, Analyst
"It was an extremely difficult operating environment for the automakers during the quarter (and past 12 months), and it doesn't appear to be getting any easier," David Silver, an analyst at Wall Street Strategies, wrote in a recent research note.
"The Japanese yen has remained stubbornly high, but the fact remains once the economy in the United States begins to turn, other economies around the world will follow," he said.
"The company reported its first loss since becoming a public company in 1950," said Silver.
Posted by David Silver, Research Analyst
David Silver, an analyst with Wall Street Strategies, said the stock had been particularly hard hit by bankruptcy fears surrounding the major auto makers.
"Everybody was preparing for the worst, that once Chrysler entered bankruptcy, the sky would fall," Silver said. "That hasn't happened."
Better-than-expected news from the auto sector in recent weeks has also forced short sellers to cover their extensive positions in the industry, Silver said.
About 4.97 million shares of American Axle's 55.5 million shares outstanding are out on loan now.
Silver, who is maintaining his sell rating on American Axle, said he believes there are too many auto-parts suppliers as car companies pare production and restructure. The survivors, he said, are going to be those auto-parts companies focused on the technologies used in the so-called cars of the future: batteries and devices to improve fuel efficiency.
He listed American Axle among the "weaker ones."
Posted by David Silver, Research Analyst

SoFo - South Fork Natural History Museum and Nature Center

www.sofo.org [cached]

David Silver

Similar Profiles

Other People with this Name

Other people with the name Silver

Jessica Silver
Sandra J. Buzney Co

John Silver
Pacific Region International Summer Music Academy

Michael Silver
Silver & Arsht

Tom Silver
Top Gun Ventures, LLC

Richard Silver
Colliers International Ltd

Browse ZoomInfo's Business Contact Directory by City

Browse ZoomInfo's
Business People Directory

Browse ZoomInfo's
Advanced Company Directory