Quote:
Originally Posted by el ess X
Ford's EPS is only 1.67......hahaha
Oh, wait....GM's EPS is -58.56. Doesn't mean much right now, but we'll see at their next earnings statement.
An IPO with only a 3.5% increase after day 1 isn't what I'd call much of an IPO jump. At least they picked a good day when other factors lifted the market today.
If I were going to own either stock right now, it wouldn't be GM's, unless I was going to sell what I got today at 33 at whatever it opened at tomorrow. Otherwise I got a feeling it'll be worth less than 33 by the end of tomorrow. The other way I MIGHT own it is if I was going long. Maybe keep it a couple of years.
I'm a huge fan of the cars/trucks, but NOT a fan of GM's stock. Not right now anyway. My guess is after the honeymoon, GM stock will be around 25 or so by the end of the year.
Let me add this: I do hope they make good with the stock, but I'm not going to hold my breath.
|
Best post I've seen in this thread yet. Wherever your automotive loyalties there is a reason for where market caps are set, and in this case they are what they are for very good reasons. GM has done a great job of getting their shares above 30 dollars per share for the IPO, but there is absolutely no way they are going to stay there.