G.M. Prices Its Shares at $33 in Return to Stock Market - Page 5

Hylton · 11-19-2010, 01:50 PM

Quote:

Originally Posted by LOWDOWN

The benefactors in all this? The "Group of 6" who floated this, and any time Goldman Sacks is involved likely means your interests come second...

Now there's someone who understands Wall St.

LOWDOWN · 11-19-2010, 02:07 PM

Sorry to say, one of the "6" was from Bay St....but the same basic principles (or lack thereof) apply...

Mr Twisty · 11-19-2010, 03:44 PM

Quote:

Originally Posted by 2ndgenz28

Again get a clue, some may tolerate you but don't expect hugs as long as you support the enemy camp with your buying dollars.

Don't know much about the stock market, but I know a good investor leaves his emotions at home... Ford was a 10+ bagger in short time, I'll take those all day long.

irocnroll · 11-19-2010, 04:04 PM

Quote:

Originally Posted by 2ndgenz28

Again get a clue, some may tolerate you but don't expect hugs as long as you support the enemy camp with your buying dollars.

Someone is captain salty today. If I had the money at the time I would have invested in Fords stock back when GM was filing for bankruptcy. The stock was down to $5 and I was debating purchasing it. Its now $16. Thats a 200% increase which would have served quite nice. Its going to be a long time before GM shows a 200% increase, if they ever do.

UCI CamaroFan · 11-19-2010, 04:33 PM

Quote:

Originally Posted by Hylton

The current price of the stock means little really. Just wait until the dilution comes - 2/3rds of the stock is not even being floated right now.

It's at a PE of 11 right now (GM is going to make about $3 a share this year). They are estimated to make 5.40 a share in 2011 and over $7 a share in 2012. So, that is why some people are estimating that GM will be at $55+ in a year or so. Forward PE of less than 7 coupled with strong growth means that this stock SHOULD do well, especially considering it's at a lower PE than Ford and has a much better balance sheet. But, Ford has better management.

Also, keep in mind that the Prius sent Toyota stock flying a lot higher. If the Volt really can get 200 mpg, then I'm sure something similar will happen with GM.

chain777 · 11-19-2010, 04:55 PM

Quote:

Originally Posted by irocnroll

Someone is captain salty today. If I had the money at the time I would have invested in Fords stock back when GM was filing for bankruptcy. The stock was down to $5 and I was debating purchasing it. Its now $16. Thats a 200% increase which would have served quite nice. Its going to be a long time before GM shows a 200% increase, if they ever do.

That's actually a 300% increase.

Mr Twisty · 11-19-2010, 07:35 PM

Quote:

Originally Posted by irocnroll

Someone is captain salty today. If I had the money at the time I would have invested in Fords stock back when GM was filing for bankruptcy. The stock was down to $5 and I was debating purchasing it. Its now $16. Thats a 200% increase which would have served quite nice. Its going to be a long time before GM shows a 200% increase, if they ever do.

It was tapping ~$1.50 in Feb. 09. X10 baby!

UCI CamaroFan · 11-19-2010, 07:54 PM

Quote:

Originally Posted by MisterCamaro69

It was tapping ~$1.50 in Feb. 09. X10 baby!

It was priced for bankruptcy back then lol. There are quite a few stocks that did that.

a_Username · 11-19-2010, 11:17 PM

Quote:

Originally Posted by LOWDOWN

There are folks who wouldn't touch GM stock @ $26/share...not with a ten foot pole. And there are folks who would have gobbled it up @ $50/share. Those who paid $35.99 will not likely, long term, add to their 401(k)...

The benefactors in all this? The "Group of 6" who floated this, and any time Goldman Sacks is involved likely means your interests come second...

Just like every other person in existence.

*Mr. Wyndham* · 11-19-2010, 11:20 PM

Slow, steady increase in value. Like Microsoft, or Verizon...or the other big, long-established names.

A stable stock is much better for the company than a volatile up/down/up/down (BIG changes) stock like most start ups and controversial stocks experience. Not so great for the stock-hopper, though.

Are you gonna get rich quick? I think not. Long term, though -- so long as they keep doing what they're doing (which seems to be happening), it's probably a very good buy.

Mr Twisty · 11-20-2010, 09:03 AM

Quote:

Originally Posted by Dragoneye

Slow, steady increase in value. Like Microsoft, or Verizon...or the other big, long-established names.

A stable stock is much better for the company than a volatile up/down/up/down (BIG changes) stock like most start ups and controversial stocks experience. Not so great for the stock-hopper, though.

Are you gonna get rich quick? I think not. Long term, though -- so long as they keep doing what they're doing (which seems to be happening), it's probably a very good buy.

I agree... If I was Fen I would put this in my 30 yr. portfolio and reinvest the dividends.

... But soon a hot chick is gonna come along and tell him, "Oh Fen look! That's the most beautiful ring I've ever seen!"

And he's gonna fold like a worn out wallet

LOWDOWN · 11-20-2010, 09:50 AM

Deirdre McMurdy is a "Bay St. insider", and well-regarded within the Bay St./Canadian investment community. Here's her take on all this:

http://money.ca.msn.com/investing/de...entid=26398022

Don't forget the Canadian/Ontario taxpayers are on the hook for 170% per capita as much as Americans. Roughly 20% of that stake went bye-bye, Thursday. And there's a HUGE difference between buying GM Product...and buying GM Stock at "over-subscribed" and therefore inflated price$...

FenwickHockey65 · 11-20-2010, 12:05 PM

Quote:

Originally Posted by MisterCamaro69

I agree... If I was Fen I would put this in my 30 yr. portfolio and reinvest the dividends.

... But soon a hot chick is gonna come along and tell him, "Oh Fen look! That's the most beautiful ring I've ever seen!"

And he's gonna fold like a worn out wallet

d69chris · 11-20-2010, 12:17 PM

They still owe the tax payers BILLIONS and expect us to buy more stock!

I didn't own any, but know people who lost their ass!

11-19-2010, 11:20 PM	#66
Mr. Wyndham I used to be Dragoneye... Drives: 2018 ZL1 1LE Join Date: Jan 2007 Location: Buffalo, NY Posts: 31,873 View My Garage	Slow, steady increase in value. Like Microsoft, or Verizon...or the other big, long-established names. A stable stock is much better for the company than a volatile up/down/up/down (BIG changes) stock like most start ups and controversial stocks experience. Not so great for the stock-hopper, though. Are you gonna get rich quick? I think not. Long term, though -- so long as they keep doing what they're doing (which seems to be happening), it's probably a very good buy. __________________ *"Keep the faith."* - Fbodfather

11-20-2010, 12:17 PM	#70
d69chris Florida C5 Drives: 2010 Camaro 2SS Vortech L99 IOM Join Date: Jul 2009 Location: Tequesta, FL Posts: 2,608 View My Garage	They still owe the tax payers BILLIONS and expect us to buy more stock! I didn't own any, but know people who lost their ass! __________________ Ordered 11/08/08....Del. 08/05/2009 Loving every minute of it! Don't hate me because i'm Pretty....

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11-19-2010, 02:07 PM	#58
LOWDOWN Downright Upright Drives: Daily Join Date: Apr 2009 Location: Cruisin'... Posts: 4,145	Sorry to say, one of the "6" was from Bay St....but the same basic principles (or lack thereof) apply...

11-20-2010, 09:50 AM	#68
LOWDOWN Downright Upright Drives: Daily Join Date: Apr 2009 Location: Cruisin'... Posts: 4,145	Deirdre McMurdy is a "Bay St. insider", and well-regarded within the Bay St./Canadian investment community. Here's her take on all this: http://money.ca.msn.com/investing/de...entid=26398022 Don't forget the Canadian/Ontario taxpayers are on the hook for 170% per capita as much as Americans. Roughly 20% of that stake went bye-bye, Thursday. And there's a HUGE difference between buying GM Product...and buying GM Stock at "over-subscribed" and therefore inflated price$...