[Mr Twisty]

Originally Posted by derklug

Unfortunatly, GM is still in the position of figuring out what it is worth. Assumptions on the value of non-tangible assets and the write-offs they have been able to take will create a smokescreen that won't clear up untill 2nd quarter 2011 or later. GM's real profit will then be known, and while I believe it will be good, reality can be a bitch.

GM is not a startup, why do you think it will take 18 months to know?

Originally Posted by Fraxum

This happened not very long ago. Did our economy completely dissolve since then?

One day you owned GM stock. And the next day it was all worthless. Well not really worthless, if you were lucky you got $.79 per share.

Unfounded concern? I lost more than enough to buy a the new Z28 when it comes out. Whatever it costs. I have payments on my SS. Thanks GM. GM management drove the company into a ditch. But I believed the worst could not happen and went in the ditch with them.

So incompetent GM was allowed to screw all the GM shareholders and now comes out of it smelling like a rose? The rose smells like excrement to me.

There are much better investments out there. Do not let your interests in a car guide your investment portfolio. Just like changing cams on an LS3, if you buy individual stock, you better know what you are doing.

When I invested in GM I sure didn't.

Thanks for letting me vent.

What better investments are there?