OT: Buying GM Stock, a steal at $2?

[fatmike]

Originally Posted by Fred Demara

I was against the bank bailout...we are now printing money (literally) to pay bad debts. In the history of the world, the only thing that kills a society faster than that is war.

"a war or 2"

[Brucelee]

Originally Posted by fatmike

"a war or 2"

War used to be good for the economy. What happened?

Originally Posted by Brucelee

War used to be good for the economy. What happened?

as long as you're on the side that doesn't get the bomb dropped on it... :chicken:

[Brucelee]

Originally Posted by Fred Demara

as long as you're on the side that doesn't get the bomb dropped on it... :chicken:

I think we should bomb Detroit. Alert the folks first so that they can jet down to NO for Mardi Gras.

Then bomb the place flat. Then like we always do, rebuild it, kind of like a Marshall Plan.

If that works, move on to St. Louis etc.

What do you think?

[FTD]

Originally Posted by Brucelee

I think we should bomb Detroit. Alert the folks first so that they can jet down to NO for Mardi Gras.

Then bomb the place flat. Then like we always do, rebuild it, kind of like a Marshall Plan.

If that works, move on to St. Louis etc.

What do you think?

You're funny. Only because it makes perfect sense but few would be so honest.

[Brucelee]

Originally Posted by FTD

You're funny. Only because it makes perfect sense but few would be so honest.

Thanks. Hey, if the BIG MOCA can pledge a trillion dollars to rebuild Gaza (which as far as I know, we DID NOT bomb, the least we can do is consider Detroit. Think of the stimulus possibilities!

How do you like my name for the new President?????

[FTD]

Originally Posted by Brucelee

Thanks. Hey, if the BIG MOCA can pledge a trillion dollars to rebuild Gaza (which as far as I know, we DID NOT bomb, the least we can do is consider Detroit. Think of the stimulus possibilities!

How do you like my name for the new President?????

Not just LOL, .... hardy guffaw!!!

Originally Posted by Brucelee

I think we should bomb Detroit. Alert the folks first so that they can jet down to NO for Mardi Gras.D

Ha! Detroit, Flint...maybe we could re-build it as a giant amusement park....

[urban_legend]

Common stock will be zeroed out soon - burn rate is just to high for GM. they cannot gear down fast enough. Ford is a better choice - and take the bonds over the common stock. You get paid while you wait for the turnaround.

[Perfectlap]

I woldn't touch Ford either (except to short it). Doesn't matter if Ford is running a brilliant company while Chrysler and GM are cratering. Half of stock's value is the sector it occupies. Ford will get pounded thru mere guilt by association.

That being said, I think we can't allow them to fail. This country's population is growing and they need cars. Emerging markets are also growing, maybe not as fast as last year, but in the long term they are exploding. Millions of people need a $15K econo box to get from point a to point b. We need a player in that game we can't rely simply on one US car company. Chrysler barely counts because they're purely domestic. Big ticket items like wide body jets and Caterpillar machines are all we have going for us. All small consumer items have been lost to China for good. We really cannot afford to lose GM if we plan on staying in the manufacturing game. Service jobs at Wal-Mart and Costco are not going to meet the goals of American families: college and a House for their kids.

[Brucelee]

Originally Posted by Perfectlap

I woldn't touch Ford either (except to short it). Doesn't matter if Ford is running a brilliant company while Chrysler and GM are cratering. Half of stock's value is the sector it occupies. Ford will get pounded thru mere guilt by association.

That being said, I think we can't allow them to fail. This country's population is growing and they need cars. Emerging markets are also growing, maybe not as fast as last year, but in the long term they are exploding. Millions of people need a $15K econo box to get from point a to point b. We need a player in that game we can't rely simply on one US car company. Chrysler barely counts because they're purely domestic. Big ticket items like wide body jets and Caterpillar machines are all we have going for us. All small consumer items have been lost to China for good. We really cannot afford to lose GM if we plan on staying in the manufacturing game. Service jobs at Wal-Mart and Costco are not going to meet the goals of American families: college and a House for their kids.

I think a Chapter 11 workout for Gm and maybe Ford would work. No one is going ot invest in either unless they make a nice clean break from the past.

Chrysler is a goner I am afraid. Sell or die.

[Lil bastard]

Originally Posted by Brucelee

War used to be good for the economy. What happened?

"Only the Dead have seen an end to War" - Plato

[Brucelee]

Originally Posted by Lil bastard

"Only the Dead have seen an end to War" - Plato

Good one!

[FTD]

We need to Buttinski out of the Gaza Strip. Let those miserable people that insist on staying there kill each other. And don't rebuild it. Leave it as a memorial to hideous behavior.

To keep on this topic: don't buy GM stock.