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I see you
Join Date: Nov 2002
Location: NJ
Posts: 29,919
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GMs IPO
Anyone buying?
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Si non potes inimicum tuum vincere, habeas eum amicum and ride a big blue trike. "'Bipartisan' usually means that a larger-than-usual deception is being carried out." |
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08-18-2010, 12:11 PM
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Join Date: Dec 2005
Posts: 3,384
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After the profits they've been posting and the fact that they finally cut out pontiac and saturn I think I will really consider it. I'm finally seeing good looking and well thought out GM cars on the road but will they continue to be this responsible or will they go back to their old ways?
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08-18-2010, 12:12 PM
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I just can't wait until I get my dividend check. I'll be getting a big dividend, cause I'm a taxpayer, right?
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1979 911 SC Silver 2002 996 race car 2005 Ford Excursion |
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08-18-2010, 12:48 PM
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Registered
Join Date: Sep 2009
Location: North of You
Posts: 9,160
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I am sniffing around a kicking the tires. In a suspicious and worried manner. I don't have faith. I hope I'm proven wrong.
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08-18-2010, 04:23 PM
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Dog-faced pony soldier
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If we all chip in and buy enough shares can we elect a board who will finally focus on busting the union?
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A car, a 911, a motorbike and a few surfboards Black Cars Matter |
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08-18-2010, 05:17 PM
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Bill is Dead.
Join Date: Jul 2005
Location: Alaska.
Posts: 9,633
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Heavy union expenses, history of financial insolvency, managerial instability....
No, I'm not buying GM stock.
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-.-. .- ... .... ..-. .-.. -.-- . .-. The souls of the righteous are in the hand of God, and no torment will ever touch them. |
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08-19-2010, 06:05 AM
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MAGA
Join Date: May 2004
Posts: 10,776
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How long before they need to do another taxpayer funded "do-over" and the new stock becomes worthless just like what happened to the previous owners? No thanks, I will never knowingly give one cent of my money to GM (other than my tax money that the govt foolishly blows on bailouts).
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German autos: '79 911 SC, '87 951, '03 330i, '08 Cayenne, '13 Cayenne 0% Liberal Men do not quit playing because they get old.... They get old because they quit playing. |
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08-19-2010, 06:27 AM
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Join Date: Dec 2005
Posts: 3,384
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If they stay on course it would be fine. If they go back to their old ways and suddenly a strike happens and the guys in the GM paint shop make more than a surgeon...oh boy. Thats the problem with the gov't directing a company - how long can they keep them responsible?
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08-19-2010, 06:31 AM
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Zink Racer
Join Date: Aug 2005
Location: Spokane WA
Posts: 3,994
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Their new CEO is a jackass who doesn't have any manufacturing experience and led an otherwise thriving telecom company into bankruptcy. I worked for him from 99 to 2001 and watched him pork up a previously lean organization with his buddies from his MCI days. He had little to do with Nextel's success prior to the Sprint deal. No, I won't be touching GM stock.
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Jerry 1964 356, 1983 911 SC/Carrera Franken car, 1974 914 Bumblebee, a couple of other 914's in various states of repair |
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08-19-2010, 06:50 AM
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The revolving CEO door is alarming.
GM is #2 in China (and outgrowing VW #1), that will shortly be the largest car market in the world by units if it isn't already.
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1989 3.2 Carrera coupe; 1988 Westy Vanagon, Zetec; 1986 E28 M30; 1994 W124; 2004 S211 What? Uh . . . “he” and “him”? |
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08-19-2010, 07:04 AM
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"O"man(are we in trouble)
Join Date: Nov 2005
Location: On the edge
Posts: 16,452
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I can think of no good reason to buy GM stock.
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08-19-2010, 07:11 AM
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What's the valuation and the sales/earnings forecast? Anyone? Seems hard to have an opinion on a stock w/o having an opinion on those.
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1989 3.2 Carrera coupe; 1988 Westy Vanagon, Zetec; 1986 E28 M30; 1994 W124; 2004 S211 What? Uh . . . “he” and “him”? |
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08-19-2010, 09:58 AM
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Registered
Join Date: Jul 2008
Location: OK
Posts: 12,730
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76' 911s Signature Edition |
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08-19-2010, 10:29 AM
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Certified Pre-Owned
Join Date: Aug 2002
Location: Nanny State
Posts: 3,132
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GM is in no way profitable and their "posting of profits" is a clever numbers game after taking +$24B in taxpayer funds to keep them afloat. Stating anything otherwise is total b.s..
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'84 Carrera Coupe |
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08-19-2010, 10:44 AM
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Registered
Join Date: Apr 2001
Location: Linn County, Oregon
Posts: 48,535
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Quote:
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"Now, to put a water-cooled engine in the rear and to have a radiator in the front, that's not very intelligent." -Ferry Porsche (PANO, Oct. '73) (I, Paul D. have loved this quote since 1973. It will remain as long as I post here.) |
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08-19-2010, 10:51 AM
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What is the free cash flow? Now and forecast?
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1989 3.2 Carrera coupe; 1988 Westy Vanagon, Zetec; 1986 E28 M30; 1994 W124; 2004 S211 What? Uh . . . “he” and “him”? |
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08-19-2010, 10:52 AM
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Registered
Join Date: Jul 2008
Location: OK
Posts: 12,730
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looks like the UAW's decided not to sell their resort Inside The UAW's Opulent Lakeside Resort
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76' 911s Signature Edition |
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08-19-2010, 10:53 AM
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I would not touch this IPO in a million years.
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08-19-2010, 01:15 PM
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Quote:
 I hear the Chinese want to buy up all the GM stock 
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1983 AUDI Turbo Ur quattro 1987 PORSCHE 944 turbo |
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08-19-2010, 02:18 PM
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Registered
Join Date: Sep 2005
Location: So. Cal.
Posts: 11,249
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No way. How many cars do you have to produce just to pay the bloated pensions and benefits the union demanded?
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David 1972 911T/S MFI Survivor |
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08-19-2010, 02:47 PM
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2015 
1989 Porsche 911 Carrera 3.2
2019 Ford GT350
2020 Porsche 911
2014 Porsche 911
1983 Audi Turbo Ur quattro
1987 Porsche 944 Turbo
1983 Audi SCCA Pro Rally Open Class (SOLD)
1971 Porsche 911 2.5L Hotrod (SOLD)
1981 Audi Ur quattro Euro (SOLD)
1988 BMW E30 M3 (SOLD)
1985 Audi Ur quattro (SOLD)
1974 Porsche 911 Carrera (SOLD)
The Rally Wabbit
2004 BMW E46 M3 SMG (SOLD)
1969 Chevrolet Chevelle SS396 (SOLD)
2007 Jaguar XK (SOLD)
