GM stock down $1.10 to $3.26/share
11-20-2008, 11:37 AM
#16
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How can you actually show a timetable to profitability, when NOBODY has any idea how low the economy will go, or how long it will take to recover???d
I can ask my Rott to paint my house............... and he will look at me with a big ol silly "ok mama, whatever you want," on his face..................... it doesn't mean that he has the actual ability to do so.
I can ask my Rott to paint my house............... and he will look at me with a big ol silly "ok mama, whatever you want," on his face..................... it doesn't mean that he has the actual ability to do so.
11-20-2008, 11:59 AM
#17
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11-20-2008, 01:08 PM
#18
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http://www.businessweek.com/investor...amp%3B+markets
They say sell, but based on their comments, it sounds more like a cautious hold.
They say sell, but based on their comments, it sounds more like a cautious hold.
Don't forget hold means sell most of the time. Especially in a market like we have now. Then when a sell rating comes out it sometimes means you "should have sold over the summer".
GM and the three have a deal for some cash supposidely. Shares popped hard on the news.
A timetable can be made without regards to the economy. They have to start to restructure and layoff. Sell assets, close plants, cancel product,etc. So essentially the deal is you are bankrupt and have to write out your plan as if it was official.
It essentially is over for them. They have taken there last loan and need to spend all the time shrinking the company. It's not lets sell some cars and we'll be fine time.
11-20-2008, 04:11 PM
#20
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11-20-2008, 05:11 PM
#21
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No one is expecting a real turnaround in the economy until well into 2009 or even early 2010...how long do you any of the Big 3 can hold out without seeing a significant uptick in sales even if they get their money?
Last edited by Robert_Nashville; 11-20-2008 at 05:15 PM.
11-21-2008, 10:27 AM
#22
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Location: Cleveland, OH
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Neither GM or Ford will be good common stock investment prospects. If they get some aid the stocks will pop, then drop back down.
If you really must own some of either of these guys save the money and wait till we get more info. Jumping in in 08-09 isn't gonna work. If things pan out for them in the positive the time will come to own there stock again. Don't worry, no one will get left out. You'll see it coming and have plenty of time to build a position.
If you really must own some of either of these guys save the money and wait till we get more info. Jumping in in 08-09 isn't gonna work. If things pan out for them in the positive the time will come to own there stock again. Don't worry, no one will get left out. You'll see it coming and have plenty of time to build a position.
11-21-2008, 11:34 AM
#24
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Location: Miami, FL, US
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but... it has the potential to retun 10x in 3 years.... why the hell not?
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