http://finance.yahoo.com/news/Genera...75401.html?x=0

So the stock value is out their, $33 and rising. Lots of good press all over the internet about GM right now. Do they turn the corner and shed that Gov' Motors' label thats been dragging them down, or does this just go back to old way of business as usual in a few years?
Theyve made lots of good steps with the new and refreshed cars out there but their history is letting them rot while everyone else is refreshing...

 

Definitely a big concern. Some investors won't touch it, thinking the "leopard doesn't change its spots". I am hoping for the best, but I am still unsure if I would take the risk again.

 

Same here. I hope they do well, but I can't imagine ever buying GM stock again. Fool me once....

 

I wonder how all the people that lost their *** on the old GM in the market when they declared bankruptcy feel now? It's like a do over without any repurcussion. I hope they succeed but won't be investing in them anytime soon.

 

I am one of those who lost their ***. My take? Roll of the dice. No one made me invest in GM. It is the nature of the beast. I am not happy about it, but if you don't want to lose it, don't risk it.

Oh yeah...and it kinda sucks.

 

A gentleman on another forum, with intimate knowledge of the behind the scenes, is advising to not touch it for at least 2 years.

By that time, things will have resolved themselves, hopefully.

 

I'd wait at least a few months until the honeymoon is over. Heck by January you may be able to pick up GM stock at $20 a share.

 

It will be interesting to see the decisions that will be made given the fact that the US government will no longer be the majority owner of GM.

 

And then hopefully not $4 in May!

 

I'm not sure why people owned the old GM corporation stock. It was a terrible investment almost all though out the 2000's. Most quarters they seemed to loose money.

For those here that owned old GM, what made you buy it to begin with? We knew for a while (a few years) that GM was eventually going to declare bankruptcy, do emotion get the best of you guys?

 

I can only speak for myself.


As much as GM's missteps pissed/**** my off, I was always hopeful that success was coming for them. My business sense was clouded by fan emotion. I know, not a good way to invest money, but I did. Even when the stock kept dropping, I stuck with them, because the next round of management shakeups, the next round of product releases, the next round of what have you, might turn this company around. Hell I even bought MORE while it was dropping.

I knew I'd never get rich from it, my financial adviser told me to sell it MANY, MANY times - but I overruled him. I was way too emotionally invested in it. Even when it was plummeting beyond the point of return, I held on to it. The thought of buying at $64 per share and selling for $10 or $9 or $8 was something I refused to do.

The least GM could do is send me a letter or certificate or something which I could frame and hang on my garage wall as a conversation piece. We didn't even get that....

 

I am with Charlie on this one. Except I bought at $4 a share thinking/hoping it would go up. We all know what happened.

I even bought my son and my godson a framed GM stock certificate from Oneshare for different occasions. How embarrassing.

 

For me I thought GM had a chance for a great comeback when I heard of all the Zeta products that were to be coming out. I thought Zeta was going to save GM, once they scrapped everything but the Camaro I got pretty pessimistic. I'm not sure if banking on Zeta was rational, but I do know the average sale price of a gorgeous RWD Impala would be much much higher than the current FWD antique they sell now. I also was a big believer in the stuff that Eric Bryant was saying on this forum.


At least in the days of paper stock certificates you got something tangible for your failed investment. You had a nice souvenir. Some of those old stocks had great art work on them too.




Kind of a cool thing to have for a GM fan though. If you ever want to sell one for the current stock price let me know

 

Yeah, I used to enjoy reading Eric's posts. They were well thought out, informative and interesting. What else could you ask for?

 

I had a buddy who convinced his parents to buy roughly $1000 in GM stock when it was in the dumps. His rationale was that "hey, it's GM, it isn't like they're going anywhere. It will only get better."