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GM: Good stock opportunity?
GM is hovering around $10 per share, the lowest since 1954. It had a high of $87 in 1999. Could this be a good investment? I just don't see such a big company staying in the doldrums; they can't be complete morons. People still like their cars, and Wayne insists oil will go back down.
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Charlie 1966 912 Polo Red 1950 VW Bug 1983 VW Westfalia; 1989 VW Syncro Tristar Doka |
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07-07-2008, 12:21 PM
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If GM can swing their product line around to get away from the super massive trend that was popular 10 years ago they should do ok. I agree that the gubmint won't allow a giant like that to go under without significant support. Might be a good buy at these levels, I bet the assets alone are worth $5 a share in a firesale.
The problem with automakers is that their product line is set some 8-10 years in advance. They have trouble changing directions quickly. If GM forecast this kind of market change 8 years ago then they should be fine, if they didn't...well then it could be another 5 years before they come out with a product to deal with today's consumer expectations especially regarding MPG.
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Rick 1984 911 coupe |
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07-07-2008, 12:37 PM
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How 'bout Toyota/Honda?
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07-07-2008, 01:11 PM
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THE IRONMAN
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I would say like Rick...wait a bit...it'll goes down.
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1984 911 CARRERA RUBY RED TARGA SW CHIPPED-BURSCH CATBYPASS MONTY FREE FLOW EXHAUST <IN GAS WE TRUST> |
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07-07-2008, 01:14 PM
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Dog-faced pony soldier
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I think it's only a matter of time before the General gets bought out.
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A car, a 911, a motorbike and a few surfboards Black Cars Matter |
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07-07-2008, 01:14 PM
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Amazingly, Harley Davidson's market cap (the value of all of its stock) is higher than GM now.
Toyota could buy GM with it's pocket change (if it wanted to and if it were politically possible). |
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07-07-2008, 01:24 PM
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Quote:
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_____________________ These are my principles. If you don't like them, I have others.—Groucho Marx |
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07-07-2008, 03:23 PM
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I'd wait a bit more; how does it fit with the rest of your stocks?
Jim
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down to jap bikes that run and a dead Norton |
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07-07-2008, 03:27 PM
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meister member
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My vote is on complete morons.
Speedy 
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07-07-2008, 04:45 PM
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I thought about GM but dont see the upside yet. Of course, if/when it happens the price will go up but I dont see it today. GM Current Ratio (mrq): 0.842, not good.
I thought the same thing with Citi, and now I'm so far in the hole it hurts. Bad. |
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07-07-2008, 05:00 PM
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Ford is under $5.
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Peppy 2011 BMW 335d 1988 Targa 3.4  2001 Jetta TDI dead 1982 Chevette Diesel SOLD 
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07-07-2008, 05:18 PM
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Quote:
Someone who knows about Toyota's finances may want to chime in on this one.
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07-07-2008, 07:26 PM
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Porsche 914
Porsche 911 Carrera
THE ROADSTER
the stable a few years ago
2013 
