GM shares fall below $10 for first time since 1954

[jzchev28]

anyone know how i can buy some GM stock???

[vcs2600]

If you don't know how to buy stock, you certainly shouldn't be buying GM.

[TimR]

Thats the game....is 10.00 a good price to buy in or will they go bankrupt....??? I've seen companies recover from worse, but right now is the perfect storm...tough to say what will happen.

[MonaroSS]

Originally Posted by jzchev28

anyone know how i can buy some GM stock???

Below is GM's Stock Transfer Agent. It's easy to register and buy online. I wouldn't recommend that a novice buy GM at the moment, but if you are determined to do it then I think it's only correct that you not be denied this opportunity to learn a valuable lesson about life..... At least buying them over the counter you will be saved from dealing with a sleazy broker who might talk you into something worse; and of course saved from his fees.

Go here:

https://www-us.computershare.com/inv...y&ilpt=another

Read this about buying GM shares:

https://www-us.computershare.com/inv.../buyshares.asp

Here is where you can email them from if you have any questions:

https://www-us.computershare.com/Inv...us/default.asp

[jasaero]

Originally Posted by Ming

That's what they said about Ford stock at 7 dollars.

F - Ford Motor Company (NYSE)
$4.41 -0.30 (-6.37%) Jul 2 4:01pm ET

If you'd invested $10,000 then, well, you do the math...

Who says Ford won't be at 20 a year or two from now though? Can't alway buy at the lowest point in the valley.

[BigThreeForever]

Hell, at this rate, GM will be all but worthless. Virtually any car company in the world would be able to buy them. Or any private equity fund. It is terrifying to think of it.

GM's present plight, to me, is America's decline in microcosm. We simply have to turn things around, but time is rapidly ebbing away.

The big investors in GM will be baying for blood. How much longer before a boardroom bloodbath?

[Buickman]

Originally Posted by BigThreeForever

Hell, at this rate, GM will be all but worthless. Virtually any car company in the world would be able to buy them. Or any private equity fund. It is terrifying to think of it.

GM's present plight, to me, is America's decline in microcosm. We simply have to turn things around, but time is rapidly ebbing away.

The big investors in GM will be baying for blood. How much longer before a boardroom bloodbath?

For years now I've been preaching that unless GM changes it's marketing, the downward spiral will never be reversed. Still today they refuse to listen, embarking on the 72 Hour sale where we spent tens of millions advertising giving our products away at a loss while further damaging the brands. GM is like an alcoholic who won't recover until they hit bottom. There should be no government bailout as this management team under Red Ink Rick would only burn through any infusion just like a down and out drunk who's handed a $20 spot.

Here's the bottom line...

It's the marketing destroying GM

It's Red Ink Rick's fault for allowing it to happen and continue (ie 72 Hour)

It's the Board of Bystanders to blame for their ongoing support of Red Ink Rick.

It's the shareholders who are ultimately responsible for the composition of GM's Board and therefore derserving of the massive loss in valuation of their investment.

The capitalist system works and water seeks it's own level. In this case the water has flowed out of the stock as it has become quite clear GM's management is clueless and the Board and shareholders are passive and non performing.

Return to Greatness still stands as the answer. It would immediately save over $1 Billion in marketing costs and regain 5 points of share within 6 months. Yet GM couldn't care less. Wonder why?

[lio45]

Originally Posted by Ming

That's what they said about Ford stock at 7 dollars.

F - Ford Motor Company (NYSE)
$4.41 -0.30 (-6.37%) Jul 2 4:01pm ET

If you'd invested $10,000 then, well, you do the math...

GM's current stock price is a low yet unheard of at Ford.

Ford stock right now is trading at ~$17 on a apples-to-apples scale compared to GM's sub-$10 stock.

Your example, Ford stock at 7 dollars, is absolutely not comparable to the kind of "opportunity" (if you like gambling) that GM is at its current price. You guys have to get in your heads that GM stock is at an INCREDIBLY LOW point right now (the equivalent of Ford stock trading around $2.00 if you must compare the two).

[lio45]

Originally Posted by BigThreeForever

Hell, at this rate, GM will be all but worthless. Virtually any car company in the world would be able to buy them. Or any private equity fund. It is terrifying to think of it.

I'm expecting GM to be picked up by another company anytime now. (I'd actually like to see it "become Canadian", if Magna is still interested).

I wonder if Renault still wants it? GM's ripe for picking. At this point, even in spite of the problems, the volume and brands start to be worth the pocket change needed to buy the company.

[XCR440SP]

I don't think I'll be getting any shares, the poor car buisiness makes me nervous, but I'd be willing to risk it on that, but the GMAC situation is the one that I don't know if GM can recover from. Is there any way they can dump the other 1/2 of GMAC or shield themselves from its losses?

[ericmvest]

Originally Posted by MrMax

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.

I think General Motors has its best senior management in decades. The product launches over the last three years are second to none and future product appears excellent also. JD Powers and the Harbour Report verfies that General Motors' quality and productivity is right up there with Toyota and Honda. General Motors pension is fully funded. General Motors is handing off responsibility for hourly retiree health care benefits to the UAW. General Motors series hybrid approach (Volt) appears to be superior than Hybrid Synergy Drive. The Volt's development appears to be on track. The Two Mode Hybrid appears better than Hybrid Synergy Drive. General Motors appears to be the leader in fuel cells. General Motors' June sales performance was better than Toyota's. General Motors UAW agreement appears competitive with the transplants. General Motors buyout programs are attracting enough buyouts. General Motors is doing very well in practically every market except the United States.

General Motors has survived rough patches before. General Motors faced insolvency in 1909 and 1920 when they were bailed out by New York banks and the DuPonts, respectfully. General Motors turned itself around and thrived after these experiences.

[drew770]

I watched Fox Business News and they had a few anayslts to examine GM's situation. There was no spin or doom & gloom, just honest assessment.

First, in order for GM to stay in business past 2009 they will need to raise 15 billion dollars in capital. This will be difficult because the bankers are in trouble themselves and not into lending money like they use to.

Second, GM is only worth 7 Billion dollars & Ford is worth 10 Billion. At this low value GM will be dropped from the Dow. As GM no longer represent a leader in it's segment.

Third and the most important, GM has to change LEADERSHIP now!!! The current management has lead GM straight to the bottom and with no clear insight to return the company to profitablity. Everyone agreed that Rick Wagoner is not the right person to lead GM at this time. Yes, Rick has gotten better UAW contracts but the bad outweighs the good.

The time is grave and sad for GM. At a valuation of 7 billion dollars, GM is worth junk. Again, GM has to do drastic steps to save itself and that means to cut brands, close plants, layoff workers and change LEADERSHIP.

[TJ95GAGT]

Originally Posted by Buickman

you'd have much better odds taking your $1000 to the casino, even if you only play Roulette (worst game in the house).

Nah, its the only game I play and I usually end up up. My initial $20 start lasted me during a 8 day cruise recently. I took winnings from Roulette and tried other games, usually ended up at the Roulette table.

I do agree with you though, I'd be skeptical of any NA auto maker stock right now unless your a big risk taker.

[TJ95GAGT]

Originally Posted by ericmvest

General Motors series hybrid approach (Volt) appears to be superior than Hybrid Synergy Drive. The Volt's development appears to be on track. The Two Mode Hybrid appears better than Hybrid Synergy Drive. General Motors appears to be the leader in fuel cells.

I agree with you Except for the fact that you have to spend 50k to get a 2 mode right now and the Volt's pricing MAY price it out of volume sales which is probably fine because the battery supply could limit sales. Volt is still 2yrs away too. As it stands GM doesn't have any sub $30k true hybrid MPG offereings. Hopefully BAS+ gives a significant jump in MPG that GM can put into a variety of cars to compete in the $20-$30k price range.

[Buick61]

I think the real question is, "Why was GM's stock so low in 1954?" The world was an oyster and GM was a knife.