GM Stock: Bargain or Bust?

Discussion in 'OT Driven' started by mk39920, Nov 14, 2008.

  1. mk39920

    mk39920 OT Supporter

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    At less then $3 what are the odds of doubling my money if I toss down $1000? Better then 50/50?

    Or is hookers and booze a better return on investment.
     
  2. CopenKagan

    CopenKagan OT Supporter

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    Depends on if the feds bail them out. Right now you might as well be flushing your money down the crapper.
     
  3. DigiCrime

    DigiCrime If Only!

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    pm gary busey
     
  4. tkhov

    tkhov Perhaps the Pinnacle of Physical Perfection

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    blow. hookers and blow.
     
  5. Mercedes

    Mercedes OT Supporter

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    Don't know I was thinking with gas prices cheaper, Suv sales might go up don't you think?
     
  6. jelloslug

    jelloslug OT Supporter

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    GM has already stated that the Arlington, Texas truck/SUV plant is on overtime for the rest of the year.
     
  7. spooled2.2

    spooled2.2 OT Supporter

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    Been having this same thought myself
     
  8. mk39920

    mk39920 OT Supporter

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    Interesting, I know have started returning to my old driving habitis. In the last two weeks I put on the same amount of miles I did in six weeks this summer.
     
  9. Mercedes

    Mercedes OT Supporter

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    Damn
     
  10. DigiCrime

    DigiCrime If Only!

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    my buddy is laid off in dec. Think he said the 30th so gm plant isnt doing so well here
     
  11. hsmith

    hsmith OT Supporter

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    hasn't hit bottom yet, DB set the target price at $0.00

    in reality, the fed will bail them out and stipulate they must produce green cars.

    but they won't go away.
     
  12. mk39920

    mk39920 OT Supporter

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    Well I get the feeling the odds are better then Vegas.... I'm opening an investment account tomorrow
     
  13. TriShield

    TriShield Super Moderator® Super Moderator

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    sofaking stupid :rofl:
     
  14. Epik High

    Epik High OT Supporter

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  15. MrBonus

    MrBonus Et Tu, Brute?

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    If you invest for long term (and I'm assuming you do because you wouldn't be asking a general discussion forum), there is next to zero reason you should be considering GM as an "investment."
     
  16. MrBonus

    MrBonus Et Tu, Brute?

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    I don't think you understand the magnitude of what's going on and how bad not only GM's current financial position is but the fact that experts and the government alike know that any lifeline to GM, be it through an infusion of equity or debt, will only be extending the inevitable.
     
  17. slt

    slt OT Supporter

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    They used to make Corvettes here. Then Buicks, now cargo vans:wtc:
     
  18. BoogieKnight

    BoogieKnight Active Member

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    go buy barrels of oil
     
  19. ChosenGSR

    ChosenGSR Mama always said you'd be the chosen one

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    lottery ticket
     
  20. MrBonus

    MrBonus Et Tu, Brute?

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    You are CLUELESS.

    http://finance.google.com/finance?fstype=bi&q=NYSE:GM

    75 billion in short term trade notes, payables, and accrued expenses and a scant 19.7 billion in cash to cover it coupled with a quarter where the GROSS PROFIT was nearly a negative billion dollars. Staggering.

    Their cost cutting measures are nothing more than suspending 401k matches, limiting bonuses, limiting discretionary spending, bringing any capital purchases to a near halt, trying to eliminate inventory, and praying to god they can leverage 19 billion in assets, including inventory, into debt financing.

    All they're doing is akin to shuffling around the chairs on the decks on the Titanic. Their core issues go WAY far beyond minor cost cutting and liquidity. They are failing in every way imaginable with NO END IN SIGHT. A federal loan cannot reverse three decades of eroding brand image coupled with awful labor management.
     
  21. malcolmxxx

    malcolmxxx OT Supporter

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    a dealership around here is giving away 50 gm shares with the purchase of every new vehicle.

    I lol'ed when i heard the ad
     
  22. MrBonus

    MrBonus Et Tu, Brute?

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    Another well reasoned rebuttal.
     
  23. iCe

    iCe Active Member

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    You buy it the first day when it is on the Pink Sheet or OTC. Otherwise, BIG FAIL.
     
  24. MrBonus

    MrBonus Et Tu, Brute?

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    That was your entire argument? Seriously? :rofl:
     
  25. jelloslug

    jelloslug OT Supporter

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    I can tell you first hand that they have NOT stopped purchasing capital equipment. They also have not fallen behind on payments and in fact they just changed their payment terms to gone from cutting checks monthly to weekly.
     

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