Need Bees Removed?
International
Beekeeping Forums
September 01, 2014, 02:40:11 PM *
Welcome, Guest. Please login or register.
Did you miss your activation email?

Login with username, password and session length
News: ATTENTION ALL NEW MEMBERS
PLEASE READ THIS OR YOUR ACCOUNT MAY BE DELETED - CLICK HERE
 
   Home   Help Search Calendar bee removal Login Register Chat  

Pages: [1]   Go Down
  Print  
Author Topic: GM worth  (Read 627 times)
BlueBee
Galactic Bee
******
Offline Offline

Gender: Male
Posts: 4194

Location: Mid Michigan


« on: December 24, 2011, 01:57:41 PM »

Since y’all are part owners of the General Motors Company, how much do you think it is worth these days?   Stock market says its worth 32 billion based on the closing share price last week of $20.  That is about 1/2 what it was worth last year (share price was up to $40 last year).  It’s lost 50% of its value this year.  Yikes!

Can it drop forever or is there some level at which GM stock would be a bargain to buy?  They have been making large profits lately (4.7B in 2010, probably 8B+ in 2011), car sales are going up, and they’re the market leader in the USA and China.  On the downside the government has a boat load of (tax payer) shares (500 million shares) they want to unload before the election, they’re losing money in Europe, a couple Volts caught on fire, and the price of oil is likely headed back into the pain zone again.

Buy, Sell, or Hold? 
Logged
iddee
Galactic Bee
******
Online Online

Gender: Male
Posts: 6003

Location: Randleman, NC


« Reply #1 on: December 24, 2011, 03:09:29 PM »

From the looks of the chart, I would say sell or daytrade. Daytrading and selling short for short periods is the only way I see to make money with GM.

At this time, energy stocks are rising fast and paying good dividends. Most my profit for the last 2 years has been with them.
Logged

"Listen to the mustn'ts, child. Listen to the don'ts. Listen to the shouldn'ts, the impossibles, the won'ts. Listen to the never haves, then listen close to me . . . Anything can happen, child. Anything can be"

*Shel Silverstein*
BlueBee
Galactic Bee
******
Offline Offline

Gender: Male
Posts: 4194

Location: Mid Michigan


« Reply #2 on: December 24, 2011, 05:28:19 PM »

I agree with you iddee, energy stocks are probably a good place to be unless they’ve got too much exposure to Natural Gas.  Natural Gas is about the only thing that has fallen faster than GM!  It will be interesting to see which hits rock bottom first.

I would speculate a lot of big boys on Wall Street have been short GM from day 1 and are making a killing at this point.  Up 50% on their shorts in a year!  That’s a LOT better than being long on the overall market this past year.  At some point they have to cover those shorts (and buy shares).  Maybe a bottom is about due?  Then again GM did for all the way down to $0.00 just a couple years ago! 
Logged
rgy
House Bee
**
Offline Offline

Gender: Male
Posts: 223

Location: Allen, Tx


« Reply #3 on: December 25, 2011, 10:54:25 AM »

a very wise and very wealthy investor once said he NEVER buys auto companies, auto suppliers, or airlines!!  the three A's as he called them.
Logged
AllenF
Galactic Bee
******
Offline Offline

Gender: Male
Posts: 8119

Location: Hiram, Georgia


« Reply #4 on: December 25, 2011, 04:16:19 PM »

Look at what these large companies will have to pay out over the next 20 years in insurance and retirement cost to current and retired employees.   That cuts into profits that they can give back to the stock holder.   Why buy into a company that will not make you need for what you paid for it.
Also, with the way the Federal gov is going, tax corporations to death, just another reason not to pay for those stocks.   
Logged
Pages: [1]   Go Up
  Print  
 
Jump to:  

Beemaster's Beekeeping Ring
Previous | Home | Join | Random | Next
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2013, Simple Machines | Sitemap Valid XHTML 1.0! Valid CSS!
Page created in 1.173 seconds with 22 queries.

Google visited last this page August 17, 2014, 02:06:58 AM