$11: GM Stock Falls Hard At Market Open On Goldman Downgrade

[377Z]

The outlook is scary from a product standpoint even if we miraculously replaced all the top management with the perfect leaders.

[K-1]

Originally Posted by member1

it is vcdj you guys should know my new name is member1. But lutz needs to go too. He is good for special projects like corvette and sky. But that guy has no clue what people in their 20's and 30's want. He still think that americans want big v-8 sedans. Well that might be true for people in their 60's but people in their 20's and 30's want lighter four cylinder turbo cars and that lutz just dont get.

So, that 1.4L DI turbo in the next Cobalt and smaller engines were figments of my imagination?

[K-1]

Originally Posted by 377Z

The outlook is scary from a product standpoint even if we miraculously replaced all the top management with the perfect leaders.

Scary? How so?

[drew770]

Originally Posted by K-1

Perhaps the shareholders should be voting in a new board. Wagoner is far from the root of all GM's problems.

The buck stops with Wagoner. No other company would let such a slide happen with changes at the top.

So when do we give Wagoner the boot? When GM files for bankruptcy or when it is brought by the Chinese?

Enough is enough time for a change and fast.

[mgescuro]

Originally Posted by I-Love-Pontiac

Didn't mgescuro recently buy a bunch of GM's stock? Poor guy

Yes... he did... At $16...
Only 100 shares.
It's a long term investment. I knew there was a potential for short term loss.

That's how I do my investing. THough I admit, I didn't believe it would drop below $13.
Ah well....

I do have 1000 shares of AAPL that I bought at $14.

[drew770]

Originally Posted by K-1

One car won't save the farm, but it can do wonders for the rest of your products. Ever hear of the Prius?

Please don't compare running a heavily white-collar IT company to a heavily blue-collar manufacturing company. That's an apples-to-turtles comparison. Any idiot CEO can outsource manufacturing/engineering/support to China/India, buy up marketshare, and cut workers. Hurd is hardly worthy of that praise.

Boeing is a manufactoring behemoth just like GM and when Boeing was having trouble they didn't wait until the shares fel by 1/2 to dump the leaders.

Also, Toyota never needed saving!! The Prius is the icing on the very profitable cake.

[tholland]

I thought this site melted down with the share price... haven't been able to get in for the past couple of hours... lol.

[mgescuro]

Originally Posted by member1

If you listened to my warning mgescuro you would not buy it. and now you would have a lot more money in your pocket.

Ummm..... I only "lost" $500....
I'm in the stock for the long term.

[K-1]

Originally Posted by drew770

The buck stops with Wagoner. No other company would let such a slide happen with changes at the top.

So when do we give Wagoner the boot? When GM files for bankruptcy or when it is brought by the Chinese?

Enough is enough time for a change and fast.

The buck stops on the balance sheet. What landed in Wagoner's lap was $16bil in red ink at the beginning of every fiscal year. I wonder how Toyota's CEO would have handled it...

[Ming]

Originally Posted by mgescuro

Ummm..... I only "lost" $500....
I'm in the stock for the long term.

That's a pair of sunglasses for mgescuro. Or a nice pair of shoes.

[vanshmack]

Originally Posted by member1

But lutz needs to go too. He is good for special projects like corvette and sky. But that guy has no clue what people in their 20's and 30's want. He still think that americans want big v-8 sedans. Well that might be true for people in their 60's but people in their 20's and 30's want lighter four cylinder turbo cars and that lutz just dont get.

If you could put your blind hatred for Lutz aside for just one moment, you would understand that he does not single-handedly decide what gets built and what doesn't. In fact, I doubt he he is the ultimate decision-maker in terms of powertrain availability. What he does, is provide a direction in terms of styling and design, and occasionally has championed a niche vehicle like the Solstice.

In his tenure, there have been hits (Malibu) and misses (Lacrosse), but overall, there has been a dramatic improvement in the quality of most of GMs recent offerings.


Note to Ming: If you won't let me feed (respond to) the troll, perhaps the troll should become a level I member

[FenwickHockey65]

Originally Posted by Ming

I'm calling for a fresh new perspective. A "sidekick" to get Bob's head out of the 1960's. A Q to his James Bond.

Oooo. Where do I apply?

mgescuro's right, buying GM right now would be a pretty good long term investment. Nobody ever said that GM's restructuring was going to take only a week or a month or a year. It'll take time, but GM's gone through tough times before, and I'm pretty sure that with the right product mix, good marketing, and a new reputation, GM will be back. Especially now that toyota's showing signs of weakness in the quality area. People may not see it now, but when their camrys and corollas start breaking down in a few years, they'll be looking elsewhere for cars, and GM better be ready to deliver.

Originally Posted by vanshmack

Note to Ming: If you won't let me feed (respond to) the troll, perhaps the troll should become a level I member

Can't they just ban his IP address?

[Whitesky]

A good CEO who truly believes in the company's turnaround would buy a large chunk of stock at this price point to demonstrate his confidence.

[K-1]

Originally Posted by Whitesky

A good CEO who truly believes in the company's turnaround would buy a large chunk of stock at this price point to demonstrate his confidence.

Most of his compensation is already in company stock, just like every other CEO.

[Ming]

Originally Posted by vanshmack

Note to Ming: If you won't let me feed (respond to) the troll, perhaps the troll should become a level I member

You can respond to his points -- Just don't feed talk about bannings or his old identity. I've warned him.

IP bans are meaningless with revolving IP schemes out there.