Quote from musclemoney:
...One more thing. I tee totally cannot believe this Country would even fathom an Obama President!!!:eek: :eek:
I think it was Einstein who said "Insanity is to keep doing the same thing and expect different results."
It may be time for a smaller Department of Agression! And perhaps a return to a secular government would be a nice change.
So Goes GM
- Thread starter dividend
- Start date
It's all about pricing the stock at the present value of its future free cash flows baby
I will upgrade GM to a BUY when the Camaro FINALLY gets released (and GM trading around $6 to $7 a share....LOL!).
http://www.camarohomepage.com/
That Camaro is going to spark sales.
Also, they are selling cars like crazy overseas with our weak dollar. GM is a screaming buy.
Also, they are selling cars like crazy overseas with our weak dollar. GM is a screaming buy.
Quote from AMT4SWA:
I will upgrade GM to a BUY when the Camaro FINALLY gets released (and GM trading around $6 to $7 a share....LOL!).
http://www.camarohomepage.com/
Merril Lynch finally caught on and now downgraded GM to 'underperform' from 'buy'
2nd UPDATE:Merrill:GM Needs $15 Billion,Bankruptcy 'Not Impossible'
Dow Jones
July 02, 2008: 04:43 PM EST
(Updates stock price, crude oil price)
By Ed Welsch and Cynthia Koons
Of DOW JONES NEWSWIRES
NEW YORK -(Dow Jones)- General Motors Corp.'s (GM) stock fell 15% Thursday after a Wall Street bank warned the automaker could stumble into bankruptcy, and oil prices hit a record high.
Merrill Lynch warned Wednesday morning GM is burning through cash faster than investors realize and may even face bankruptcy if the auto market worsens and it can't raise enough capital. Merrill downgraded GM shares to underperform from buy.
2nd UPDATE:Merrill:GM Needs $15 Billion,Bankruptcy 'Not Impossible'
Dow Jones
July 02, 2008: 04:43 PM EST
(Updates stock price, crude oil price)
By Ed Welsch and Cynthia Koons
Of DOW JONES NEWSWIRES
NEW YORK -(Dow Jones)- General Motors Corp.'s (GM) stock fell 15% Thursday after a Wall Street bank warned the automaker could stumble into bankruptcy, and oil prices hit a record high.
Merrill Lynch warned Wednesday morning GM is burning through cash faster than investors realize and may even face bankruptcy if the auto market worsens and it can't raise enough capital. Merrill downgraded GM shares to underperform from buy.
GM trading in single digits and I see no way for them but to file...US automakers just getting crushed lately with no light at the end of the tunnel. The big 3 are financially broken, and their only way out is to restructure going forward.....how sad.
Lutz will have to send bush a thank you card! :eek:
Lutz will have to send bush a thank you card! :eek:
GM has over 600,000 retirees that they are supporting with FULL health care benefits until the day they die... Think about it - that's the size of a large city.
This number is made up of blue collar workers from the last 20+ years... workers that don't exactly exemplify the median level health of a given population. And, this number is growing more and more each year.