Anyone buying GM Stock in IPO?

[a_Username]

Originally Posted by DGthe3

To make some money off the stock would be a pretty good reason.

Another would be to remove GM from the 'Government Motor' stigma. This may be a bit of a surprise to you, but some people believe that government ownership = government operation. And many of those who believe that, also doubt the ability of governments to operate things competently and efficiently.

Besides, right now even though you are technically a partial owner of GM, you personally are not affected by the ownership. You won't get any dividends on the stock thats collectively owned, you don't get any shareholder votes, none of that stuff typically associated with owning stock in a company.

This statement really bothers me, do you not doubt the government ability?

[DGthe3]

Originally Posted by a_Username

This statement really bothers me, do you not doubt the government ability?

Doesn't matter, since they aren't running GM.

[fielderLS3]

I'll have faith in GM stock when the post office, Amtrak, and Fannie Mae become profitable. (And when GM stops building cars they know they will lose money on for politically correct purposes).

[a_Username]

Originally Posted by DGthe3

Doesn't matter, since they aren't running GM.

I agree in the saying they aren't running day to day operations, but public means of production doesn't have a very good track record.

[FenwickHockey65]

Originally Posted by Ambitious09

Yes. I have faith in the direction that GM is headed right now. I bought stock in Ford when the market was low back in jan of last year.

Lucky SOB.

[DGthe3]

Originally Posted by fielderLS3

I'll have faith in GM stock when the post office, Amtrak, and Fannie Mae become profitable. (And when GM stops building cars they know they will loose money on for politically correct purposes).

Why do they matter, GM already is profitable.

As for the Volt, its not really about being politically correct. The person who insited on selling the Volt at a loss if necessary, has been quoted as saying "Man made global warming is a crock of sh*t". So perhaps they have other concerns ...

[a_Username]

Originally Posted by fielderLS3

I'll have faith in GM stock when the post office, Amtrak, and Fannie Mae become profitable. (And when GM stops building cars they know they will loose money on for politically correct purposes).

I know you're referring to the Volt, but it's simply a high-risk decision. Companies reserve the right to make anything they want, however sometimes they can justify implementing high-risk investments. This is simply killing two birds with one stone; the appeal to government wants and a chance to have an early lead on an emerging market.

GM has turned profitability, but I do not have much faith in the larger, more important companies such as Fannie Mae and Freddie Mac to do the same.

[Captain Awesome]

Originally Posted by DGthe3

To make some money off the stock would be a pretty good reason.

Another would be to remove GM from the 'Government Motor' stigma. This may be a bit of a surprise to you, but some people believe that government ownership = government operation. And many of those who believe that, also doubt the ability of governments to operate things competently and efficiently.

Besides, right now even though you are technically a partial owner of GM, you personally are not affected by the ownership. You won't get any dividends on the stock thats collectively owned, you don't get any shareholder votes, none of that stuff typically associated with owning stock in a company.

I'm no market expert, but I doubt any serious investor is going to look twice at a GM stock offering. This last time GM got in trouble all of the secured creditors got nothing and the unsecured creditors got everything. This is in complete violation of the bankruptcy laws.

Breaking it down, people with investments in the company (like old folks investing their retirement, or working stiffs with 401k's) who are required by law to be first in line in bankruptcy proceedings got robbed of everything. It was handed over to a bunch of unsecured creditors (unions).

What makes you think that it won't happen the next time?

[fielderLS3]

Originally Posted by DGthe3

Why do they matter, GM already is profitable.

Originally Posted by a_Username

GM has turned profitability, but I do not have much faith in the larger, more important companies such as Fannie Mae and Freddie Mac to do the same.

I recognize they are profitable now, partly as a result of a product lineup that was planned and engineered years before the bailout. Stock is a forward looking investment, and looking into the future, I have concerns. I have no faith in a future product lineup planned and executed under government ownership. I know of no government owned entities that have ever been successful in the long run.

As a potential investor, I would also be greatly concerned by the UAW, which is already agitating to roll back their concessions and start getting "their share" again after just a single profitable quarter. It's not hard to foresee where all this will end, because we already saw it last year.

[Mr. Wyndham]

Originally Posted by Captain Awesome

What makes you think that it won't happen the next time?

What makes you think there is going to be a next time?

GM has turned itself around in a fantastic way. The product offerings, balance sheets, and public opinion should be enough to get investors interested. Within time, it'll become a "steady" stock again....imo, anyways.

[fielderLS3]

Originally Posted by Captain Awesome

I'm no market expert, but I doubt any serious investor is going to look twice at a GM stock offering. This last time GM got in trouble all of the secured creditors got nothing and the unsecured creditors got everything. This is in complete violation of the bankruptcy laws.

Breaking it down, people with investments in the company (like old folks investing their retirement, or working stiffs with 401k's) who are required by law to be first in line in bankruptcy proceedings got robbed of everything. It was handed over to a bunch of unsecured creditors (unions).

What makes you think that it won't happen the next time?

That too.

[Captain Awesome]

Originally Posted by fielderLS3

I recognize they are profitable now, partly as a result of a product lineup that was planned and engineered years before the bailout. Stock is a forward looking investment, and looking into the future, I have concerns. I have no faith in a future product lineup planned and executed under government ownership. I know of no government owned entities that have ever been successful in the long run.

What about Freddie Mac / Fannie Mae? They own 90 something percent of all mortgages now. /irony

[Mr. Wyndham]

Originally Posted by fielderLS3

I recognize they are profitable now, partly as a result of a product lineup that was planned and engineered years before the bailout. Stock is a forward looking investment, and looking into the future, I have concerns. I have no faith in a future product lineup planned and executed under government ownership. I know of no government owned entities that have ever been successful in the long run.

Well it's a good thing the gov't doesn't design their cars.

So far, the treasury board members have had no say in day-to-day operations.

[Captain Awesome]

Originally Posted by Dragoneye

What makes you think there is going to be a next time?

How about this:

Originally Posted by fielderLS3

As a potential investor, I would also be greatly concerned by the UAW, which is already agitating to roll back their concessions and start getting "their share" again after just a single profitable quarter. It's not hard to foresee where all this will end, because we already saw it last year.