Who is buying/bought GM stock this week?

Discussion in 'Politics & World News' started by N8 v2.0, Jul 17, 2008.

  1. N8 v2.0

    N8 v2.0 Not the sharpest tool in the shed

    Rep/Likes:
    17 / 149
    Joined:
    Oct 18, 2002
    Messages:
    11,008
    Location:
    The Cleft of Venus

    Please register to disable this ad.

  2. ire

    ire Turbo Monkey

    Rep/Likes:
    1 / 4
    Joined:
    Aug 6, 2007
    Messages:
    6,202
    GM is running out of cash, and I bet they go bankrupt
    http://money.cnn.com/2008/06/19/news/companies/taylor_gm.fortune/index.htm?postversion=2008061910

     
  3. N8 v2.0

    N8 v2.0 Not the sharpest tool in the shed

    Rep/Likes:
    17 / 149
    Joined:
    Oct 18, 2002
    Messages:
    11,008
    Location:
    The Cleft of Venus
  4. MMike

    MMike A fowl peckerwood.

    Rep/Likes:
    61 / 84
    Joined:
    Sep 5, 2001
    Messages:
    18,261
    Location:
    just sittin' here drinkin' scotch
    Anyone ever read "The Machine that Changed the World"?

    All about the principles of Lean manufacturing, and why American cars are so crappy in comparison to Toyotas.

    It's a pretty good read.......except for the reading part.
     
  5. jimmydean

    jimmydean The Official Meat of Ridemonkey

    Rep/Likes:
    169 / 1,358
    Joined:
    Sep 10, 2001
    Messages:
    28,629
    Location:
    Portland, OR
    Since gas prices plummeted $.08 a gallon, I put an order in on a new H2 and I am replacing the windshield with a 72" plasma screen to pimp it out. At this rate, gas prices will be $1.09 by the end of summer.

    PIMP!
     
  6. jaydee

    jaydee Monkey

    Rep/Likes:
    4 / 0
    Joined:
    Jul 5, 2001
    Messages:
    794
    Location:
    Victoria BC
    GM is the new Studebaker.
     
  7. blue

    blue boob hater

    Rep/Likes:
    2 / 0
    Joined:
    Jan 24, 2004
    Messages:
    10,166
    Location:
    california
    Ford has the cash reserves and maneuverability (as well as overseas resources to draw from) to survive the current crisis, but unless there are SERIOUS changes at GM, they will be going bankrupt at some point within the next 3-4 years.

    Buying their stock right now would be sheer idiocy.
     
  8. $tinkle

    $tinkle Expert on blowing

    Rep/Likes:
    4 / 5
    Joined:
    Feb 12, 2003
    Messages:
    14,846
    wtf does your broke ass know about teh market? you can't even afford the rent on your jetta
     
  9. ire

    ire Turbo Monkey

    Rep/Likes:
    1 / 4
    Joined:
    Aug 6, 2007
    Messages:
    6,202
    I doubt Toyota or Honda want anything to do with GM or Ford. Both companies are very sick and merging/acquiring either would be bad for Toyota/Honda. GM has been talking about selling a stake in their overseas operation to raise cash, and their overseas operation is profitable...
     
  10. MMike

    MMike A fowl peckerwood.

    Rep/Likes:
    61 / 84
    Joined:
    Sep 5, 2001
    Messages:
    18,261
    Location:
    just sittin' here drinkin' scotch
    ...and Daimler Chrysler worked out so well........

    The trying to merge the "Toyota way" into GM...I'm not saying it would NEVER work...but it's just SO different, it might not be worth the trouble.
     
  11. blue

    blue boob hater

    Rep/Likes:
    2 / 0
    Joined:
    Jan 24, 2004
    Messages:
    10,166
    Location:
    california
    Socialists read the WSJ, too.

    :pirate2:
     
  12. ohio

    ohio The Fresno Kid

    Rep/Likes:
    6 / 4
    Joined:
    Nov 26, 2001
    Messages:
    6,657
    Location:
    SF, CA
    Yeah, if I were toyota and honda, I MAY buy up some of their assets after they go tits up, but I would wait for bankruptcy to wipe the pension and union obligations clean and only re-start in Michigan if I could do it un-unionized with new guard that were Toy/Honda trained.
     
  13. MMike

    MMike A fowl peckerwood.

    Rep/Likes:
    61 / 84
    Joined:
    Sep 5, 2001
    Messages:
    18,261
    Location:
    just sittin' here drinkin' scotch
    I mean EVERYTHING is different.....training, how they negotiate contracts with vendors......all that would be completely contrary with how Toyota does business.

    They should just buy some stuff at the auction.....
     
  14. dante

    dante Unabomber

    Rep/Likes:
    11 / 8
    Joined:
    Feb 13, 2004
    Messages:
    8,998
    Location:
    looking for classic NE singletrack
    paging $tinkle!! :busted:
     
  15. ire

    ire Turbo Monkey

    Rep/Likes:
    1 / 4
    Joined:
    Aug 6, 2007
    Messages:
    6,202
    Hell, they could go to Flint and start up factories paying workers min. wage.....those ppl are desperate for jobs
     
  16. N8 v2.0

    N8 v2.0 Not the sharpest tool in the shed

    Rep/Likes:
    17 / 149
    Joined:
    Oct 18, 2002
    Messages:
    11,008
    Location:
    The Cleft of Venus
    #16 -   Oct 9, 2008
    Last edited: Oct 9, 2008
  17. narlus

    narlus Eastcoast Softcore
    Staff Member

    Rep/Likes:
    16 / 21
    Joined:
    Nov 7, 2001
    Messages:
    24,677
    Location:
    behind the viewfinder
  18. N8 v2.0

    N8 v2.0 Not the sharpest tool in the shed

    Rep/Likes:
    17 / 149
    Joined:
    Oct 18, 2002
    Messages:
    11,008
    Location:
    The Cleft of Venus
    i didnt..

    gm stocks scare me..
     
  19. stoney

    stoney Part of the unwashed, middle-American horde

    Rep/Likes:
    116 / 990
    Joined:
    Jul 26, 2006
    Messages:
    12,846
    Location:
    Colorado
    they will likely go bankrupt.
     
  20. N8 v2.0

    N8 v2.0 Not the sharpest tool in the shed

    Rep/Likes:
    17 / 149
    Joined:
    Oct 18, 2002
    Messages:
    11,008
    Location:
    The Cleft of Venus
    will the gov bail them out like they did with Chrysler back in teh early 80's?
     
  21. dante

    dante Unabomber

    Rep/Likes:
    11 / 8
    Joined:
    Feb 13, 2004
    Messages:
    8,998
    Location:
    looking for classic NE singletrack
    maybe, but in the scary way that they've been "bailing out" Bear, Merrill, Wamu, etc.
     
  22. N8 v2.0

    N8 v2.0 Not the sharpest tool in the shed

    Rep/Likes:
    17 / 149
    Joined:
    Oct 18, 2002
    Messages:
    11,008
    Location:
    The Cleft of Venus
    Toyota offers 0% financing on 11 models till Nov 3.

     
  23. stoney

    stoney Part of the unwashed, middle-American horde

    Rep/Likes:
    116 / 990
    Joined:
    Jul 26, 2006
    Messages:
    12,846
    Location:
    Colorado
    The govt is running out of collateral.
     
  24. dante

    dante Unabomber

    Rep/Likes:
    11 / 8
    Joined:
    Feb 13, 2004
    Messages:
    8,998
    Location:
    looking for classic NE singletrack
    so if we've gone through the last of the bullets along with the gun, are we down to the chainsaw or the grappling hook?
     
  25. $tinkle

    $tinkle Expert on blowing

    Rep/Likes:
    4 / 5
    Joined:
    Feb 12, 2003
    Messages:
    14,846
    i bought a few hundred sh of nissan 40% ago (when the "fundamentals were strong")

    :puke:
     
  26. jimmydean

    jimmydean The Official Meat of Ridemonkey

    Rep/Likes:
    169 / 1,358
    Joined:
    Sep 10, 2001
    Messages:
    28,629
    Location:
    Portland, OR
    Only if they promise to make a K Car.
     
  27. ohio

    ohio The Fresno Kid

    Rep/Likes:
    6 / 4
    Joined:
    Nov 26, 2001
    Messages:
    6,657
    Location:
    SF, CA
    I've been sending the majority of my new investments international for the past year, thinking that would insulate me from this debacle. Result? Also 40% down for the year.