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vath2001 · 02-21-2009, 03:33 AM

GM forgot how to make money. They have been burning through cash for who knows how long. I would not buy GM stock.. you'll be throwing your money away. They do not have a long or short term plan to "make money".

Actually, the manufacturing is not their problem, its the management of the inventories, the styling options and the logistics. They offer too many cars & trucks, with too many options/colors. How many SUVs does GM offer?

Only recently are they starting to act like a company that's in trouble. Anyone's company that would lose money in a quarter would take immediate action... like Toyota is doing right now. GM has been losing money for who knows how many quarters?

Stay away from GM stock.

02-21-2009, 03:33 AM	#24
vath2001 Registered User Join Date: Nov 2008 Location: Use 2B NW Ohio, now NE Ohio Posts: 563	GM forgot how to make money. They have been burning through cash for who knows how long. I would not buy GM stock.. you'll be throwing your money away. They do not have a long or short term plan to "make money". Actually, the manufacturing is not their problem, its the management of the inventories, the styling options and the logistics. They offer too many cars & trucks, with too many options/colors. How many SUVs does GM offer? Only recently are they starting to act like a company that's in trouble. Anyone's company that would lose money in a quarter would take immediate action... like Toyota is doing right now. GM has been losing money for who knows how many quarters? Stay away from GM stock. __________________ My Porsche mechanic drives a Saturn. '98 Artic Silver w/ Tip