A postive outlook for GM from JP Morgan

stovt001 · 11-18-2008, 01:33 AM

http://www.reuters.com/article/compa...BrandChannel=0

This was a great read after all the doom and gloom outlook out there.

headpunter · 11-18-2008, 02:08 AM

that is AMAZINGLY good news.../happy dance

*GTAHVIT* · 11-18-2008, 12:42 PM

Quote:

Originally Posted by headpunter

that is AMAZINGLY good news.../happy dance

Are you kidding me, You can't even use a smiley for this great news....

What is wrong with you?:(

Hylton · 11-18-2008, 12:47 PM

Quote:

Originally Posted by stovt001

http://www.reuters.com/article/compa...BrandChannel=0

This was a great read after all the doom and gloom outlook out there.

Translation - JP Morgan bought in at 3 bucks.....

headpunter · 11-18-2008, 12:50 PM

Quote:

Originally Posted by gtahvit

Are you kidding me, You can't even use a smiley for this great news....

What is wrong with you?:(

The happy dance trumps smiley's

Quote:

Originally Posted by Hylton

Translation - JP Morgan bought in at 3 bucks.....

good looking new Avatar...my favorite part of that show

*Camaro_Corvette* · 11-18-2008, 01:34 PM

Good newz!

lalometalik · 11-18-2008, 01:56 PM

*sighs*
next year can't come soon enough

*TAG UR IT* · 11-18-2008, 02:03 PM

Seeing JP Morgan stand behind GM does look good. I am glad they see it our way...that GM has to survive and that bankruptcy is not an option. I see how they mention that if they do file Chapter11, people will be concerned about buying the higher dollar SUV's, Caddies, etc.

I hope lots of folks see this. If everyone bought in, it would help greatly. But, that just won't happen. We need the gov't to step in and make things happen. Mandating a 50mpg emiisions deal is BS. That senator needs a good kick to the groin.

*DGthe3* · 11-19-2008, 11:32 AM

some highlights

Quote:

Originally Posted by JP Morgan

"GM's recent product successes (award-winning styling, performance and quality) and its considerable international profitability give us confidence they can become profitable in North America selling cars," they added.
The analysts added that they have factored in economic weakness for the next 2-1/2 years.
...
The Detroit automakers have, in essence, been pursuing an out-of-court restructuring over the past three years. These efforts have produced a competitive labor contract with the UAW, a viable solution to reduce retiree healthcare expense, and a substantial downsizing of capacity and headcount," analyst Kip Penniman said in a report.
"Incremental gains achieved through bankruptcy would be minimal in comparison and would likely result in an even further deterioration of enterprise values as consumers would be far less likely to purchase an expensive vehicle from a bankrupt manufacturer, with or without government guarantees," he added.

11-18-2008, 01:33 AM	#1
stovt001 Drives: 2006 Cobalt, 2004 Taurus wagon Join Date: Oct 2007 Location: California Posts: 3,810	A postive outlook for GM from JP Morgan http://www.reuters.com/article/compa...BrandChannel=0 This was a great read after all the doom and gloom outlook out there. __________________ "It's kind of fun to do the impossible" - Walt Disney There's a great big beautiful tomorrow shining at the end of every day There's a great big beautiful tomorrow Just a dream away

11-18-2008, 02:08 AM	#2
headpunter Not That sad..considering Drives: Man Join Date: Aug 2007 Location: the part of washington the capital forgot about. Posts: 3,745 View My Garage	that is AMAZINGLY good news.../happy dance __________________ Stop Whinging

11-18-2008, 01:34 PM	#6
Camaro_Corvette 36.58625, -121.7568 Drives: Team 1LE Join Date: Mar 2008 Location: Earth Posts: 23,710 View My Garage	Good newz! __________________ I am seriously never serious vv V vv Next order of business

11-18-2008, 01:56 PM	#7
lalometalik killer bAnana Drives: 1985 z28 Join Date: Sep 2008 Location: Carson, CA Posts: 694	sighs next year can't come soon enough __________________ "Shut your noise tube, Taco Human!"

11-18-2008, 02:03 PM	#8
TAG UR IT www.Camaro5store.com Drives: 2014 ZL1 #705 Join Date: Jul 2006 Location: SA, Texas Posts: 26,544 View My Garage	Seeing JP Morgan stand behind GM does look good. I am glad they see it our way...that GM has to survive and that bankruptcy is not an option. I see how they mention that if they do file Chapter11, people will be concerned about buying the higher dollar SUV's, Caddies, etc. I hope lots of folks see this. If everyone bought in, it would help greatly. But, that just won't happen. We need the gov't to step in and make things happen. Mandating a 50mpg emiisions deal is BS. That senator needs a good kick to the groin.