colin langen joins us to discuss the disconnect between auto sales and auto stocks. he as an auto analyst at ubc. nice to have you here. >> thanks for having me on. >> why is there that dissect? >> as sales have increased people are starting to worry, and that's concern for the cycle. my opinion, i think we still have room to grow. i thy valuations are very compelling for both gm and ford. >> but gm stock has been pretty much stuck in neutral since it came back on to the market four, five years ago, right? i take your point that people are maybe concerned that sales in the u.s. are peaking, but the stock really didn't run up at all even as stocks were rising. >> yeah. >> well, i think you have to realize these are global companies, so coming out of ipo, things looked pretty good, but you have europe collapse, and so they really had a lot of hurdles. it's a high fixed-cost business. they have massively restructured the business, taken some pretty aggressive actions, so one of the tailwinds going forward is actually the profits -- losses in those regions are going to t