when the Board stops the dividend it drops to $5.00 and that is too much for a company with -$41 Billion shareholder value. Red Ink Rick has done a job selling us off, burying us in debt, and mismanaging the firm.
hopes and dreams. the past indicates clearly that this management cannot be trusted or relied upon. quit dreaming and join the call to remove Red Ink Rick while there still is a GM.If the Volt and E-Flex turn out to be all they are being touted and more, I wonder if this trend will reverse? I suspect that E-Flex could be a real game changer.
Starting to sound like a good buying opportunity.
yeah I just about fell out of my chair when I saw that because yesterday it was mid 5's...Course I DID fall out of my chair at GM in the 12's, was in the 20's just a month or two ago. There are calls for pulling GM off the Dow Industrial Average and (get this) replacing it with Toyota or Honda!!!! Not kidding:LOL - fixed. I thought that was shockingly low, even for Ford stock.
Exactly.Buy it now while its low... its going to go back up eventually.
VERY interesting opportunities.Exactly.
Depending on this and that, you can now take some day trading money and go long.
Next three months are going to offer some 'interesting' opportunities concerning GM.
GM's main challenge right now is to reorganize its product line to the new reality of $4.00 per gallon gas and the consequent lower truck sales, take the huge hit on depreciated off-lease vehicles, and basically be able to pay the bills until the Volt hits the streets.I hope you are right... We already had one crack pot set the
"woulda, coulda, shoulda" price of 14.77... and we are presently a buck an a half off of that.
The challenge is that I can't see any bright light at the end of this tunnel. Truck sales are toast
Small car sales are weak
Pontiac is in trouble
Buick is dead in NA
Cadillac has only one car that sells
No replacement for the POS Aveo or uncompetitive Cobalt for 2 years
The Volt is over a year out
The Camaro is several months out
GM dealers are going to "eat it" big time on truck lease returns in the next 6-8 months.
There is a ton of inventory in the pipe right now and GM is about to "fire sell" it off with zero% financing.
When the June sales number are published in ~3 weeks the stock will take another $2.50 hit and will hover near 10.75. And even if those number look good... we will get 2nd quarter financials in late July... And the market will rehash the truck disaster.
I don't see any way of avoiding a $10.50 per share by August. God I hope that I'm wrong.
Speaking as someone who owns lots of this stock... I would LOVE you all to go out and buy up lots of shares and drive the price up... But if you are looking for free advice... I wouldn't buy any of this stock until if gets to 10.50... And then do so on the gamble that if the stock dips to 9.90... The board might FINALLY WAKE-UP... and Fire Rick... When this happens the stock will rebound to ~15.00.
Of course what I just described is not investing... its called gambling.
GM needs to reinvent itself. Kill off the SUVs (GMC and Hummer) and flood the market with small and fuel efficient fun-to-drive cars, then advertise it. Let people know that GM isn't just an SUV and truck company.GM's main challenge right now is to reorganize its product line to the new reality of $4.00 per gallon gas and the consequent lower truck sales, take the huge hit on depreciated off-lease vehicles, and basically be able to pay the bills until the Volt hits the streets.
The Volt and E-Flex is GM's iMac, iPod, and iPhone rolled into one product. If that launches flawlessly and beats Toyota to market, then GM is back in a huge way.
The issue is surviving until then. Ford has a big pot of cash to sit on, and has Kirk Kerkorian's capital to live on until they adjust, which is why I'm confident they will survive this.
GM... I'm not as sure.