From all indications it should be sub $28.00
I am glad I did not short at $30.00 I would have sworn we would see $28.00 within days. I would have been wrong. I would have had to wait weeks instead of days to reach to $28.00
Not an easy thing to do when you are short. It is unnerving.
$28, and then $27.
I heard they still had a "lot of cash". Maybe they can use some of it to buy their won stock back and help raise the price for a few days. It would be embarrassing to hang around the $28's.
If it has my name on the post, it is obvious it is my opinion. Aren't all these posts our own "opinions"? If it needed support or proof , the post would resemble something like jeye would post, where it is just a cut and paste quote...which is also someone else's opinion. We are not posting actuarial tables or stock market statistics. They are words we have assembled to resemble our own thoughts. Isn't what you post your opinions?
You sound surprised! I think we said so at the time of the IPO. Actually to tell the truth, stock is doing better than I thought it would. It is down only $6.00 in 7 years. That is not so bad. I thought it would be around $20 TOPS by now.
You are not going to make up for customer disappointment with the product by washing their cars repeatedly. As a matter of fact, with current ,on line shopping trends, the customer does not always live within practical distance of the dealership to bring it in for a wash job he can afford to pay for out of pocket closer to home. My dealer offers not just a wash but damn near a full detail every time I go there.I don't go out of my way to take my car 15 miles away from home for a free wash job.
If I was not happy with the Benz itself, dealer could come to my home and not only wash my car but do my laundry and the dishes it wouldn't change a thing.
The product has to measure up to expectations and THEN the dealer has to see to it that he is not the weak link in the ownership experience.
If the car is #$%$ to begin with....you are just putting a lipstick on the #$%$.
I guess not much has changed in here while I was gone. Some have gotten dumber, others are now taken the role of being frustrated with stupidity and making the same mistakes I did, hoping against all hope that MAYBE just maybe they will get through to the ignorant and the stupid. That will not happen in our life time. His mind is like a steel trap! Rusted shut!
GM is neither a :"growth" stock nor a "dividend" stock. It is a sheet stock.
How many more years does this stock have to stay at $290$30 before others reach the same conclusion? What else must happen before you guys begin to see the light and agree that maybe there is something to what we have been telling you all along.
So easy to dismiss the opinions of those you disagree with. Even if they are right. Who does that help?
GM is not going to come out of this dead end they have built for themselves. The money will eventually run out. They can't be playing with the big boys and think they are somehow going to stumble onto success. Not with Mary not with the current top management. They are ALL victims of GM Culture. They are ALL infected with the same illness.
GM will NOT make it. Not saying they will be going bankrupt again, but I think they will be acquired by someone who will downsize them smaller and get out of this experimental stage and become a lean meat and potatoes brand all over again. If they DON'T...Yes, they will go bankrupt again.
GM is like going to Grandma's house. It is nice but has that old, dark look with that musty smell and old pictures on the wall and darkly lit rooms with a Black and White Magnavox in the corner.