GM Inside News Forum - View Single Post - GM shares fall below $10 for first time since 1954

MrMax · 07-02-2008, 10:36 PM

Long time since I posted on here. My new job isn't so lenient concerning internet use. But I'm very troubled over these recent developments. I intend to invest at some point in the company, but... wow. I never saw this coming, and in such a short period of time. When stock hit $27 a share last year, I thought the turnaround was about to pick up steam, but I guess I was short sited. Now is as good a time as ever for someone to give me some optimism. I mean, I know whats in the pipeline. The new Cobalt, Volt, CTS Coupe (CTC), CTS Wagon, Diesel Silverado/Sierra, but... none of these hit the road until 2009 at the earliest... And with the rate GM is burning through cash... Is there reason for hope? Somebody tell me there is. Someone give me a reason to believe.

07-02-2008, 10:36 PM	#7 (permalink)
MrMax 2.8 Liter Turbocharged V6 Join Date: Oct 2005 Location: Earth Drives: 2006 Chevy Monte Carlo SS Posts: 786	Re: GM shares fall below $10 for first time since 1954 Long time since I posted on here. My new job isn't so lenient concerning internet use. But I'm very troubled over these recent developments. I intend to invest at some point in the company, but... wow. I never saw this coming, and in such a short period of time. When stock hit $27 a share last year, I thought the turnaround was about to pick up steam, but I guess I was short sited. Now is as good a time as ever for someone to give me some optimism. I mean, I know whats in the pipeline. The new Cobalt, Volt, CTS Coupe (CTC), CTS Wagon, Diesel Silverado/Sierra, but... none of these hit the road until 2009 at the earliest... And with the rate GM is burning through cash... Is there reason for hope? Somebody tell me there is. Someone give me a reason to believe. __________________