General Motors Shares Drop To Lowest Level Since 1933

wow

— NItePhire (View Profile)

Posted on 3/6/2009 5:53:49 PM | reply to this comment | Votes: 3   

RIP Reaganomics: 1981-2009

Thanks for nothing conservative losers!

— DinamoR (View Profile)

Posted on 3/6/2009 9:42:53 PM | reply to this comment | Votes: 4   

Poor GM!

— Milton (View Profile)

Posted on 3/7/2009 10:26:38 AM | reply to this comment | Votes: 1   

Poor GM... They did it to themselves !!! Poor bastards that bought them and got stuck in the *ss with their garbage !!

— AMiodynski (View Profile)

Posted on 3/7/2009 12:12:31 PM | reply to this comment | Votes: 0   

...time to buy gm stock

— 1995e34 (View Profile)

Posted on 3/7/2009 2:19:57 PM | reply to this comment | Votes: 3   

I've been pondering this idea for a while...

I can't honestly believe that the govt would let GM go into CH11, they'd be too stupid to do so especially given the state of our economy. Add that to the fact that the democrats would never win another midwest state ever again in any election.....

So the question is, do I buy GM now or wait for some more bad news. I am afraid that in an attempt to look "tough and fair" with the Big3 the the govt might do some liquidation of common stock value in some "restructuring" bid. If the feds just said "we're gonna get this thing fixed out of court" and didn't say they were going to liquidate the stock, I'd be in.

GM lineup is awesome and it's only getting better. Product-wise, I am confident in GM.

GM's financial situation just depends on the economy as a whole, here I am not so confident.

What I do know is that if this "stimulus" actually does what it is supposed to do, it will generate sales of pickups as well as other GM prodcuts. Given the fact that GM's cost base has been massively cut, any uptick in sales just means less revenue getting eaten in overhead costs, making the company more profitable.

So I don't know, but if the stock nose-dives like FRE or FNM, etc, it wouldn't be a bad idea to toss a few hundred bucks at GM... Given what I've stated above, you could make some money, either way, its just a few hundred dollars.

— neutral (View Profile)

Posted on 3/8/2009 2:15:18 PM | reply to this comment | Votes: 2