Deutsche Bank downgrades GM to ZERO

KINGOFSHORTS · Nov 10, 2008

What are GM bonds going for now like 30% or more?

Thunderdog · Nov 10, 2008

It's unfortunate, but when the American automobile industry focuses predominantly on screw-the-world, in-your-face SUVs and pickups, it gets what it has coming. It got lazy focusing on bells and whistles at the expense of efficient engineering. The thing is, we've all known it for years but they just kept on doing it. It's hard to feel sorry for anyone but the factory workers and the clerical staff.

GermanTrader · Nov 10, 2008

Quote from oktiri:

your point being, using artificial means (tariffs) to subsidize the existence of an inferior product. How is that different than a bailout ?

You are assuming inferior production. Fatal assumption.

Random.Capital · Nov 10, 2008

So is anybody looking at GM debt with BGM, GBM, GMS, GPM, HGM, etc?

libertad · Nov 10, 2008

Take the simple view....

What if a company was available right now...who could sell you a mid size suv....that had a range of 250miles....battery powered...that would charge in 4 hours ...using your homebased 110/220 plug in.....for $15,000.....and offer 30% down financing ?

If this were GM.....would GM be doing well ?

Ok.....so we know the answer now.....

GermanTrader · Nov 10, 2008

Quote from libertad:

Take the simple view....

What if a company was available right now...who could sell you a mid size suv....that had a range of 250miles....battery powered...that would charge in 4 hours ...using your homebased 110/220 plug in.....for $15,000.....and offer 30% down financing ?

If this were GM.....would GM be doing well ?

Ok.....so we know the answer now.....

That vehicle exists... but not for $15k! If you want the components made here and the thing assembled here, employing Americans at living wages, you'll have to pay the price. If you're a patriot, it's worth it. It is for me. But some people just don't have the money...

S2007S · Nov 10, 2008

Quote from W4rl0ck:

Deutsche Bank views GM shares as worthless
By Simon Kennedy
Last update: 8:09 a.m. EST Nov. 10, 2008

LONDON (MarketWatch) -- Deutsche Bank downgraded General Motors Corp. (GM:

, , ) to sell from hold, with a price target of $0, saying the car maker may
not be able to fund its U.S. operations beyond December without government intervention. Deutsche Bank said it believes the U.S. government will be compelled to intervene through a capital infusion or loan. "Without government assistance, we believe that GM's collapse would be inevitable, and that it would precipitate systemic risk that would be difficult to overcome for automakers, suppliers, retailers, and sectors of the U.S. economy," the broker said. Even if GM avoids bankruptcy, equity shareholders are unlikely to get anything back, it added.

If they did this when the stock was at 30+ or even 20+ they would have been heros, but at $3 and change,

I call it a WORTHLESS PATHETIC CALL.

stock777 · Nov 10, 2008

I called GM the first Dow bankruptcy some time ago.

Would have been AIG but for the gvmt.

BlindLemonBoosh · Nov 10, 2008

Quote from S2007S:

If they did this when the stock was at 30+ or even 20+ they would have been heros, but at $3 and change,

I call it a WORTHLESS PATHETIC CALL.

Well then, put your money where your keyboard is. Since it's a 'worthless' call, buy some GM tomorrow AM.