Nothing like hitting a 13-year low... And what's this about a possible Delphi strike? Stock goes under $15 I throw some money at GM... Hell, Ford is under $8, might as well buy some now.

http://news.moneycentral.msn.com/pro...109&ID=5268500

-B

 

GM have also announced that they will restate 2001 earnings - which they overstated by 35 percent - 300 to 400 million dollars.

http://www.cnn.com/2005/BUSINESS/11/....ap/index.html

 

It fell another 6.8 percent this morning and is now at a 23 year low:

http://money.cnn.com/2005/11/10/news...reut/index.htm

 

Yeah...throwing money at GM to lose it is not such a hot idea: their EPS is -6.91, though the yield is 8.10%, but that's just them giving you your money back, and losing the rest. There is also some wackiness going on with regards to their stated value of goodwill ($7 billion to $600 million??? wacky!)

Ford's EPS is 1.03 and gives a 5% yield - better than any savings account, and probably the smarter bet. And I don't see any wackiness (short-term, anyway) with their goodwill accounting.

Definitely a speculative play, either way. But a more thorough analysis sheds some light on it.

I predict more of these accounting errors are going to start popping up over the next two years.

 

Ford looks undervalued right now and a good buy for the long haul.

GM is a little too iffy, the 8-9% Dividend is nice, but they could take that away. If GM goes Ch. 11 and the stock drops to under $10 it would be a great to to buy some for the long term.

 

I almost think its not a bad buy right now. It was $40 a year ago. I think if it dips below $20, I'm going to try to scrape together as much as I can, and grab some shares. I doubt GM will go bankrupt, and I don't think the news can get any worse, short of 18% market share

Now might be the time to buy.

 

Short term thinking leads to long term problems. I predicted these tough times last summer, calling GMS a disaster in the making, and warning of third quarter results. I offered the solution, was ignored, and still today am ridiculed by members of this site. Ah, the price of vision.

 

Buickman, last summer is too late to fix the current problems. The seeds of the these problems were sown 5-10 years ago. So you're guilty of short term thinking too apparently. Day late and a dollar short? MmmHmmm.

Perfect time to buy GM stock to hold for the long term. No where for them to go but up now IMO.

 

Actually it's not too late. One of the quirks of the car biz is that you're only as good as your last month. Consumers are fickle enough to be persuaded to return to GM if only the company knew how to present an appealing market presence.

 

why are you on this site....honestly....all you do is sit here and talk crap about GM, talk about how your wonderful website gets so many hits, and you get so many emails, if that's the case, spend the time over there.

I'm not naive enough to think GM is in a good position right now, but you're so predictable it's disgusting. Every thread that says anything whatsoever about GM's problems and you're in here "pissing on the grave" For someone who has made a career out of selling their products, you sure seem to be shooting yourself in the foot by basically wishing they would go under.

 

Smoke & mirrors are only good until they find out that there's not a product worth buying over the competition....

Consumers aren't as "fickle" as you might think...personal experiences and the word on the street are more important.

 

I don't know about that. This isn't necessarily a bad time if you are buying for the long haul, but there is plenty of room for GMs stock to go down. After Ch. 11 would be the best time, but right now many financial analyst give GM a 30-40% chance of going bankrupt. No one can predict the future and maybe this is close to the bottom, but I wouldn’t bet my house on it.

Ford stock on the other hand is beaten down almost as much as GM but they are still making money. The smart money short term (1-3 years) is on Ford. Long term (5-10 years), I like GM because of what they have in the pipeline and I like what Lutz is doing. Just and educated guess

bottom line is GM needs a top notch product at a very competative MSRP. No more rebate games. Websites, magazines, window shoppers, etc.. all compare MSRP NOT final transaction price.

 

Stocks went up today, after this statement...but some of you won't buy into it anyway....

http://www.msnbc.msn.com/id/10086163/

 

Many stocks that have had "nowhere to go but up" are gone. I'm thinking Bethlehem Steel, et al.

GM is such a huge entity that it is difficult for many to think it could be in serious trouble. AT&T used to be like that. Granted, government regulation played a role there, but ANY company is fair game to take a dirt nap. I really don't like GM's books. Wagoner can speak all the jargon he wants. When it comes down to it, it's execution that will determine the outcome.

Ford is doing some weird things to regain sales. Why oh why must we look at Bill Ford's mug with those jingoistic pseudo-patriotic advertisements? Show product!

Long term, it's anyone's guess. This isn't the first time this has happened - F was in a similar situation in the 1980s...and most folks know about Chrysler in the early 1980s, too.

Be careful with these speculative buys!

 

I'm one of the very smart investors who purchased GM stock at anywhere from $31 to $64 per share (YES!!! $64, can you believe it...and by some perverse freaking reason, I was convinced that GM stock was just about to skyrocket from there. )

I suppose if there is an upside, my GM dividend (which I have instructed to be used to buy more GM shares), will now have more GM stock buying power.