GM Stock Drops To New Low. Will It Recover Or Is It In The Danger Zone?

Agent001 submitted on 7/26/2012 Official Bell & Ross Timestamp: 4:26:55 PM

4 user comments | Views : 4,500 | Category: Spy News | Source: | SOURCE: www.detroitnews.com

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GM stock dropped below $19 per share to move it into scary territory.



To break even on the government bailout it needs to reach $53.00.

Tell us if you think it will recover and what the REAL reason is of why it is dropping.

European problems, bad product mix or something else?

Spies, discuss


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GM Stock Drops To New Low. Will It Recover Or Is It In The Danger Zone?

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Agent001

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User Comments

Steve

What's the REAL reason why GM stock is dropping? I'm just taking a wild guess, but could it be because:
(a) The management team from the Old GM stayed largely intact at the New GM
(b) When a fish rots, it always starts rotting at the head (old saying)
(c) You can't "fix" a failing enterprise by throwing (bailout) more money at it
(d) The parasitic union isn't making things better
(e) For the most part, GM is trying to make something for everyone, and thereby not doing any one thing particularly well
(f) Arrogance, on an epic scale. Remember GM Prez recently blasting the Feds for depressing their stock value? And then apologizing to investors later?
(g) GM is a "has-been" company. Old ideas and uninspired designs in a world where the competition has stepped up their game, big-time.

Did I forget anything?

— Steve (View Profile)

Posted on 7/26/2012 9:22:12 PM | reply to this comment | Votes: 1   

davide

pretty much right on...
too much bail out money spent keeping old benefit programs paying out and not enough on R&D and hiring new thinkers. They say lots of product is going to be new by year end 2013..lets hope its good stuff
its their last chance.

— davide (View Profile)

Posted on 7/26/2012 10:07:06 PM | | Votes: 3   

skytop

American GM cars are not respected any longer. GM earns money and employs workers in foreign countries.
Forget about what the marxist sock puppet and idiot obama says, he has worked with GM to outsource labor and manufacturing. GM is a prime example of this fact. (GE is a close second)

— skytop (View Profile)

Posted on 7/29/2012 2:14:46 PM | reply to this comment | Votes: 1   

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