GM- Ominous sign
#16
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Ford and GM are not remotely comparable.
Ford wasn't in anywhere near as much debt. Ford's been ACTUALLY restructuring for years, unlike GM which seems to have been 'stuck' and in denial (despite coming out with some great product improvements). Ford didn't take government funds which were pretty much guaranteed to kill the companies because Obama seems to be fixated on protecting the UAW above all else.
Ford wasn't in anywhere near as much debt. Ford's been ACTUALLY restructuring for years, unlike GM which seems to have been 'stuck' and in denial (despite coming out with some great product improvements). Ford didn't take government funds which were pretty much guaranteed to kill the companies because Obama seems to be fixated on protecting the UAW above all else.
Seems GM's future is in China and elsewhere, not in America.
#17
OK, guys. I understand the points you are trying to make, but try and understand mine. Bankrupcy may be very likely (maybe, at this point, even "inevitable", as you put it), but the more of a mass stock sell-off you have, the worse the situation gets, and the more likely bankrupcy DOES become. If people don't panic, there may (?) be some hope. If they do, forget it......GM, as we know it, is gone. We already know that Pontiac will be gone. Other divisions may (?) follow.
The question also arises as to who will actually BUY the stock when it gets this low. Certainly the government will own a significant block of it, since it is their bailout money. But there will also be a block available to private investors, and it just may be a bargain right now if the company gets restructured, back on its feet, and starts making money again. Those who dumped their shares may (?) be sorry down the road if the price starts climbing again.
But in all honesty, guys, I'm glad I never got really deeply involved in the stock market.....GM or otherwise......for this very reason. Stocks are just too risky. I kept most of my investments in the municipal tax-free category (with a few stocks), and it served me very well over the years.
The question also arises as to who will actually BUY the stock when it gets this low. Certainly the government will own a significant block of it, since it is their bailout money. But there will also be a block available to private investors, and it just may be a bargain right now if the company gets restructured, back on its feet, and starts making money again. Those who dumped their shares may (?) be sorry down the road if the price starts climbing again.
But in all honesty, guys, I'm glad I never got really deeply involved in the stock market.....GM or otherwise......for this very reason. Stocks are just too risky. I kept most of my investments in the municipal tax-free category (with a few stocks), and it served me very well over the years.
Last edited by mmarshall; 05-14-09 at 02:55 PM.
#18
If he was smart and didn't blow the huge income he's made over the years at GM and Chrysler, he won't have to work another day in his life. I'd bet at least some of it is in a Swiss bank.
Seems GM's future is in China and elsewhere, not in America.
Last edited by mmarshall; 05-14-09 at 03:05 PM.
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