Wall Street Bullish on General Motors Stock

[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.

[Fraxum]

Originally Posted by Dragoneye

Unless you expect to see the economy completely dissolving...that's a valid, but unfounded concern

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.

[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?

[Fraxum]

Originally Posted by MisterCamaro69

What better investments are there?

Unless you are a pro I would stick with mutual funds where your risk is spread out over a number of investments. You could even look for one that might include GM

There are many different funds and ratings systems on these, but the best way to judge them is to look at their performance over time (IMO). Others may chime in on the best way to select a fund.

I am no pro. I took a bath with GM. I thought there was no way I could lose all my money.

With GM all your eggs are in one risky basket.

[HeHasReturned]

Originally Posted by MisterCamaro69

What better investments are there?

The entire market is predicted to go up at least 10% this year. Alternative energies and oil company stocks are expected to continue rising with rising oil prices. Recently, earth metals have shot up, and there are plenty of well-established companies in that industry that are expected to rise. Banks are finally beginning to grant dividends and are expected to last without QE now, and the negative stigma against them is beginning to fade away, as most of them are heavily undervalued. Not saying that GM is necessarily a bad investment, but there are way better investments with lower downside and higher upside potential out there.

[Mr Twisty]

Originally Posted by Fraxum

Unless you are a pro I would stick with mutual funds where your risk is spread out over a number of investments. You could even look for one that might include GM

There are many different funds and ratings systems on these, but the best way to judge them is to look at their performance over time (IMO). Others may chime in on the best way to select a fund.

I am no pro. I took a bath with GM. I thought there was no way I could lose all my money.

With GM all your eggs are one risky basket.

My personal portfolio has beaten my favorite mutual funds by leaps and bounds in the last 6 months... Most are too diversified to be taking the big gains lately. Once this growth spurt slows they'll be more interesting.

Originally Posted by HeHasReturned

The entire market is predicted to go up at least 10% this year. Alternative energies and oil company stocks are expected to continue rising with rising oil prices. Recently, earth metals have shot up, and there are plenty of well-established companies in that industry that are expected to rise. Banks are finally beginning to grant dividends and are expected to last without QE now, and the negative stigma against them is beginning to fade away, as most of them are heavily undervalued. Not saying that GM is necessarily a bad investment, but there are way better investments with lower downside and higher upside potential out there.

There's some good advice in there, but it's still hard to argue with a 14% gain since IPO, sitting in your portfolio.

If a man has F... good deal, nice gains, especially if he bought ~$2.
Bought GM at IPO? Good going! You're up ~14%
Bought NVDA 6 months ago? You just doubled your money!
GE @ ~16. ? Your grandchildren will thank you

Long story short, I'm not going to let emotions get in the way of a potentially excellent investment. Put a stop-loss on it, if (when) it hits take the money and run.

The naysayers from the IPO thread are already eating crow, I think there's still plenty of crow to go around

[Fraxum]

Originally Posted by MisterCamaro69

Bought GM at IPO? Good going! You're up ~14%

Bought GM. I am down 95%. Beware of GM. It can happen again.

I know I gotta let it go. But it still burns me up.

Individual stocks are for those who know what they are doing and keep up with the market on a daily basis. If you are smart and work hard at it you can prosper.

I just wish the rise of the stock market brought back jobs. There is something wrong with this system.

[derklug]

[QUOTE=MisterCamaro69;2708920]

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

Actually a start-up would be easier to evaluate. For accounting purposes GM's non-tangibles were given a value, but only time will tell if the valuation is accurate. How much are the designs for an Iron Duke worth? But at least GM has something to look at and touch....$50 billion for Facebook

[Mr Twisty]

Originally Posted by derklug

Actually a start-up would be easier to evaluate. For accounting purposes GM's non-tangibles were given a value, but only time will tell if the valuation is accurate. How much are the designs for an Iron Duke worth? But at least GM has something to look at and touch....$50 billion for Facebook

The old molds for an iron duke could be pretty valuable, castings for the late 60's 427's as well, but I get your point.

Is Facebook Market Cap. really 50 billion?
Google is tapping $200 billion

... I think I'll stick with GM

[Mr. Wyndham]

Originally Posted by Fraxum

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

Thanks for letting me vent.

Believe me, I understand your frustrations...I didn't own stock at the time, but I was right there with you believing the worst couldn't happen.

But I was not referring to a company with the same burdens and weaknesses the old General Motors Corporation had. Given the facts of the restructuring, albeit at the cost of everyone (investors, employees, etc)....a complete and utter shutdown of our economy is what it would take to kill the new General Motors Company.