GM files to sell shares to the public

[a_Username]

Originally Posted by All-Or-Nothing

Exactly, this isn't going to be like jumping on Ford stock when it was $1.51.

Ford has arguably a tougher road ahead of them when compared to GM. Regardless of the ethics and obvious economic fail behind the bailout, GM is in better position to become a more successful company than Ford.

[motorhead]

Any suckers out there?

[Mr. Wyndham]

[motorhead]

Originally Posted by Dragoneye

Me too.

[FenwickHockey65]

Taking bets on how long it takes for this thread to be locked.

[Mr. Wyndham]

Originally Posted by motorhead

Me too.

I figure I'll give them enough for a Z28 and then invest in Ford for some gas money...HA!!

J.K. I'm seriously considering taking part in the IPO. If not, then VERY shortly thereafter.

[FenwickHockey65]

I'll throw a few thousand bucks in.

[motorhead]

Originally Posted by Dragoneye

I figure I'll give them enough for a Z28 and then invest in Ford for some gas money...HA!!

J.K. I'm seriously considering taking part in the IPO. If not, then VERY shortly thereafter.

I already got ford at a great price. I'm willing to throw some into GM also.
I love supporting companies like this as long as they produce.

I would like to retire someday.

[All-Or-Nothing]

Originally Posted by a_Username

Ford has arguably a tougher road ahead of them when compared to GM. Regardless of the ethics and obvious economic fail behind the bailout, GM is in better position to become a more successful company than Ford.

Matter of opinion I guess. GM is not out of the woods yet either. Some could say GM's road ahead is just as hard.

[Sax1031]

Originally Posted by a_Username

Ford has arguably a tougher road ahead of them when compared to GM. Regardless of the ethics and obvious economic fail behind the bailout, GM is in better position to become a more successful company than Ford.

No doubt GM was able to erase most their debt.

Ford has to pay it off.

[Mr. Wyndham]

Originally Posted by motorhead

I already got ford at a great price. I'm willing to throw some into GM also.
I love supporting companies like this as long as they produce.

I would like to retire someday.

I agree. I wanted to get into Ford after the dust settled...but I had no $$ to toss around high-risk ventures....

[a_Username]

Originally Posted by All-Or-Nothing

Matter of opinion I guess. GM is not out of the woods yet either. Some could say GM's road ahead is just as hard.

Everything is a matter of opinion; it just depends if you will have the same opinion once you learn that your assumptions are wrong. The fact is that GM managed to erase much of their debt and vastly better their balance sheet, while Ford chose to do this the hard way. It is admirable, and better for the whole economy, that Ford chose this path. But to ignore the billions of dollars more worth of debt that Ford has to pay instead of GM is really to ignore basic investing. This allows GM to focus more on product planning and investment, while Ford has to take much of their money from their recent industry momentum and put it back to pay for the inevitable debt spiral that is to come for them. This is not to say that GM doesn't have debt to pay off, but it is substantially less than Ford. In reality, both GM and Ford are pretty risky investments but Ford is more so than GM.

[Sax1031]

Ford has been paying off their debt aggressively.

The only way the debt hurts them is if the economy goes back to the shitter.

[All-Or-Nothing]

Originally Posted by a_Username

Everything is a matter of opinion; it just depends if you will have the same opinion once you learn that your assumptions are wrong. The fact is that GM managed to erase much of their debt and vastly better their balance sheet, while Ford chose to do this the hard way. It is admirable, and better for the whole economy, that Ford chose this path. But to ignore the billions of dollars more worth of debt that Ford has to pay instead of GM is really to ignore basic investing. This allows GM to focus more on product planning and investment, while Ford has to take much of their money from their recent industry momentum and put it back to pay for the inevitable debt spiral that is to come for them. This is not to say that GM doesn't have debt to pay off, but it is substantially less than Ford. In reality, both GM and Ford are pretty risky investments but Ford is more so than GM.

This is all I'm saying right now but IMO this IPO is being rushed and I don't have enough confidence in GM to put my money on the line.