Posted:
#1
When they do finally go public do what do you think share costs will be? and do you think it's wise to buy into them?
Just curious.
Thanks,
Kuddish!
General Motors Stock
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Views: 642
Posts: 9
Posted:
#2
I dunno really.
The biggest issue is that the government is going to be selling it for eternity to get out of ownership, so the stock should be held down for a very long time.
Maybe if I heard the government was nearly done selling then it might be worth a stab. I am just not sure that another birth for the stock does not equal another long term BK.
If I were to own a domestic car company it would be Ford..they are doing the best, they never took TARP money and are squeaky clean, even more than some of the foreign makers.
Would I buy a Ford? not likely but out of the domestic public companies I would own them first.
The biggest issue is that the government is going to be selling it for eternity to get out of ownership, so the stock should be held down for a very long time.
Maybe if I heard the government was nearly done selling then it might be worth a stab. I am just not sure that another birth for the stock does not equal another long term BK.
If I were to own a domestic car company it would be Ford..they are doing the best, they never took TARP money and are squeaky clean, even more than some of the foreign makers.
Would I buy a Ford? not likely but out of the domestic public companies I would own them first.
Posted:
#3
Let me think...same brain dead execs, same union oafs, and a company that could not make cabbage during the greatest bubble in a generation.
That is one POS recipe for success during the Great Austerity. No thanks. I'd rather have toilet paper.I think the shareholders of the old GM agree, at least TP was designed for the task the old shares now are used for.
Posted:
#4
Quote Originally Posted by Vermeer:
Let me think...same brain dead execs, same union oafs, and a company that could not make cabbage during the greatest bubble in a generation.
Let me think...same brain dead execs, same union oafs, and a company that could not make cabbage during the greatest bubble in a generation.
That is one POS recipe for success during the Great Austerity. No thanks. I'd rather have toilet paper.I think the shareholders of the old GM agree, at least TP was designed for the task the old shares now are used for.
You can thank mostly the Unions and the "generous" pay packages they negotiated for their constituents...( i.e. the GM employees).
Ratcheting back these pay packages should help them going forward when they do become public...
It's true Ford had the same overhang issues with the Unions and was able to get through w/o any govt. support... I attribute their success to better management. Alan Mulally, who came from Boeing, is probably one of the best CEOs in the business...
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