|
|
|
|
| Author |
|
|
Registered
Join Date: Aug 2000
Location: Palm Beach, Florida, USA
Posts: 7,713
|
New GM Buying oportunity!
Down to $2.75 a share! Anyone else all in with me? What was it someone said about $5 a share? This is the real bargain. If it takes three years to get back to its 52 week high, that would be what, a 300% per year return on investment? Where else can you get that kind of return? Sell the farm, baby, put it all on GM!
__________________
MRM 1994 Carrera |
||
11-13-2008, 09:36 AM
|
|
|
?
Join Date: Apr 2002
Posts: 30,856
|
That knife is sharp, don't even think about it
 ps: I know you're kidding... |
||
|
11-13-2008, 09:48 AM
|
|
|
Registered
Join Date: Oct 2006
Location: Colorado, USA
Posts: 8,279
|
That was me at $5.85 per share!
That was not a good idea! $2.75 per share, that is amazing. There are many people in the world who could now write a check and buy the entire company. |
||
|
11-13-2008, 09:57 AM
|
|
|
Bandwidth AbUser
Join Date: Nov 2001
Location: SoCal
Posts: 29,522
|
At $2.75, the P/E ratio is still way negative.
__________________
Jim R. |
||
|
11-13-2008, 09:58 AM
|
|
|
?
Join Date: Apr 2002
Posts: 30,856
|
Quote:
 . "The", I again thank you for the "reality check" your post gave me on a similar thread not to long ago when I was thinking about doing something, shall we say "not too smart"...
|
||
|
11-14-2008, 03:35 AM
|
|
|
Dept store Quartermaster
Join Date: Jul 2001
Location: I'm right here Tati
Posts: 19,858
|
How can GM still be paying dividends? I don't think so.
__________________
Cornpoppin' Pony Soldier |
||
|
11-14-2008, 05:31 AM
|
|
|
|
?
Join Date: Apr 2002
Posts: 30,856
|
Quote:
.
|
||
|
11-14-2008, 05:48 AM
|
|
|
Dept store Quartermaster
Join Date: Jul 2001
Location: I'm right here Tati
Posts: 19,858
|
Quote:
__________________
Cornpoppin' Pony Soldier |
||
|
11-14-2008, 05:49 AM
|
|
|
Registered
Join Date: Aug 2000
Location: Palm Beach, Florida, USA
Posts: 7,713
|
I say we wait a few more weeks, and then, just before Christmas when they have the third markdown clearance sale and the stock is really cheap, we all go in on a Pelican Parts group buy and take over GM. Len will be in charge of suppliers/vendors. We can all act as the design team. We can take turns as the development team and test drivers. We'll make money renting the development track out to wayward NASCAR teams and racing enthusiasts. I see a future for GM in our hands.
__________________
MRM 1994 Carrera |
||
|
11-14-2008, 07:36 AM
|
|
|
THE IRONMAN
|
Quote:
__________________
1984 911 CARRERA RUBY RED TARGA SW CHIPPED-BURSCH CATBYPASS MONTY FREE FLOW EXHAUST <IN GAS WE TRUST> |
||
|
11-14-2008, 09:20 AM
|
|
|
abides.
|
Quote:
I bought some, went on vacation, and when I got back they were gone!
__________________
Graham 1984 Carrera Targa |
||
|
11-14-2008, 10:34 AM
|
|
|
?
Join Date: Apr 2002
Posts: 30,856
|
Quote:
. All you guys will be on the BoD and you can decide what each other's compensation will be (wink, wink). I wish I could say my idea is just "crazy talk", but...
|
||
|
11-14-2008, 02:15 PM
|
|
|
|
Registered
Join Date: Mar 2004
Location: Summerville, SC
Posts: 2,057
|
Quote:
Here is my contribution for a segment in a "rescue plan" for GM: Looking at the prices that certain vintage GM cars sell for (like '59 Cadillacs); I propose that we start making exact reproductions of those cars. In order to make them "exact" we'll buy old junk cars (probably something like pre-72 cars) and take the VIN section of their chassis and build the new replica on that chassis. That way, the new reproductions will just be rebuilds of old cars and won't require all the safety and emission gizmos that a completely new car would require. While the reproduction business won't replace the need for new cars and new designs, it would help to provide needed cash while the reorganization of the company is done. |
||
|
11-14-2008, 04:07 PM
|
|
Porsche 914
Porsche 911 Carrera
THE ROADSTER
1984 Porsche Carrera Targa
