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The Fall of GM

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Old Feb 19, 2009 | 12:42 PM
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The Fall of GM

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Old Feb 19, 2009 | 01:12 PM
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General Motors return on assets is NEGATIVE 4.3%.

Profit margin is NEGATIVE 13.4%.

LOST $22.8 billion last year.

Stocks have 91.9% of it's value in 52 weeks.

GM's stock price as I write this is $2.08 per share.
1 year ago, it was $26.13 per share.
5 years ago, it was $48.89 per share.


GM has over $27.5 billion in debt owed to bondholders to the company. It's unsecured, so it was bought on "faith" of GM's turnaround. It's currently worth 15 cents for each dollar invested.

Hard to find any good new here.


http://finance.yahoo.com/q/ks?s=GM
http://www.gm.com/corporate/investor...hist_price.jsp
Old Feb 19, 2009 | 01:15 PM
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Wow, if GM does a serious 180 degree turnaround, it might not be a bad idea to pick up some GM stock!

At least their stock is higher than FOMOCO right now.

Long live General Motors!

Last edited by monstertodd; Feb 19, 2009 at 01:17 PM.
Old Feb 19, 2009 | 01:23 PM
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Originally Posted by monstertodd
Wow, if GM does a serious 180 degree turnaround, it might not be a bad idea to pick up some GM stock!

At least their stock is higher than FOMOCO right now.

Long live General Motors!
I think the gov will keep them trucking, maybe re-organize them... I don't think I would dump my 401k into GM stock though
Old Feb 19, 2009 | 01:34 PM
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Originally Posted by monstertodd
Wow, if GM does a serious 180 degree turnaround, it might not be a bad idea to pick up some GM stock!

At least their stock is higher than FOMOCO right now.

Long live General Motors!
Well...you know what they say....

...till the day YOU actually put YOUR money on the line, all you're doing is talking out your.....er.... behind.
Old Feb 19, 2009 | 01:39 PM
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Originally Posted by monstertodd
Wow, if GM does a serious 180 degree turnaround, it might not be a bad idea to pick up some GM stock!

At least their stock is higher than FOMOCO right now.

Long live General Motors!
Yet, Fords market cap is about 3X that of GM.

You have to remember that Ford has close to 4 times as much stock out there, as GM has.

If you are thinking of buying GM stock, think about it, like you would a weekend in Vegas. Just make sure that it is money that you don't really need.
Old Feb 19, 2009 | 02:09 PM
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Roulette > GM stock
Old Feb 19, 2009 | 02:35 PM
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what about F stock? they're not nearly as bad off and are expected to survive.
Old Feb 19, 2009 | 02:45 PM
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Originally Posted by anasazi
what about F stock? they're not nearly as bad off and are expected to survive.
With the 2009 global production estimates down to 9 million, I wouldn't invest in any company closely related to the automotive industry.
Old Feb 19, 2009 | 04:17 PM
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I'm not sure Hybrids/EV couldn't have been one chunk. They aren't making any impact on anyone's bottom line, and even if GM had went full steam ahead on an electric vehicle we don't have the ideal batteries now...
Old Feb 19, 2009 | 04:36 PM
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Originally Posted by anasazi
what about F stock? they're not nearly as bad off and are expected to survive.
I see no reason to invest in anything related to the auto industry until auto sales start climbing again. JD Power excepts both 2009 and 2010 to be 10 million sales or less.
Old Feb 19, 2009 | 04:40 PM
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"It's a perception issue, the media is biased, and truck sales are really hurting because of the economy."

Yup...Keep drinking to that and maybe the truth won't hurt as much.

Long live the Camaro! But basically I do not like anything else about GM. They better promise to do better in their next life, wherever and whenever that is.
Old Feb 19, 2009 | 04:59 PM
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Out of exasperation, I'd made up my mind to leave this site for a while due to all the anti-GM garbage that's allowed to be posted here. But on second thought, maybe I'll chime in now and then, just to lob in a grenade.

The very FIRST (topmost) item in that chart is incorrect. GM was the FIRST carmaker to sell an airbag-equipped vehicle to the public.

http://inventors.about.com/od/astart...a/air_bags.htm
Old Feb 19, 2009 | 05:34 PM
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Originally Posted by guionM
Well...you know what they say....

...till the day YOU actually put YOUR money on the line, all you're doing is talking out your.....er.... behind.
All 3 vehicles in my driveway are GM. 4 out of 5 automobiles in my parent's driveway are GM. All 3 vehicles in my grandparent's driveway are GM. 6 out of those 10 were bought new. The 3 that weren't bought new are B-bodies and we didn't learn about them until after GM quit producing them. And the other was a program car bought from a GM dealer. And the 1 at my parent's is an S-class Mercedes. GM doesn't have anything to compare to it.

I would say that my family has done its part to help GM.
Old Feb 19, 2009 | 07:51 PM
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Originally Posted by BigDarknFast
Out of exasperation, I'd made up my mind to leave this site for a while due to all the anti-GM garbage that's allowed to be posted here. But on second thought, maybe I'll chime in now and then, just to lob in a grenade.

The very FIRST (topmost) item in that chart is incorrect. GM was the FIRST carmaker to sell an airbag-equipped vehicle to the public.

http://inventors.about.com/od/astart...a/air_bags.htm
In the US yes but Mercedes had them on the market in Europe before GM did in the US. I can't find a source at this time but I do recall this to be true.



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