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GENERAL MOTORS COMPANY Message Board

cheblammo 155 posts  |  Last Activity: Jul 11, 2016 1:37 PM Member since: Sep 16, 2011
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  • Reply to

    Brexit: The Sky is Falling! The Sky is Falling!

    by cheblammo Jul 8, 2016 12:35 PM
    cheblammo cheblammo Jul 11, 2016 1:37 PM Flag

    I did. Since I it was a market wide decline, I bought some VTI at 10:00 AM on the 24th @ 105.51. Wish I'd waited 'til Monday, but I'm happy enough!

  • Reply to

    Just for qqq, the MORON...

    by personality_less Jul 8, 2016 10:28 AM
    cheblammo cheblammo Jul 9, 2016 11:45 AM Flag

    "No, I have a moral objection to #$%$-wipes."

    Geez, a little testy today, eh? I guess I should have put it in letter form for you:

    Dear a_pistol_larry,

    I've no doubt that you are a highly principled fellow. I was just wondering, could you share with us which principle are you concerned about losing?

    Sincerely,

    cheblammo

  • Reply to

    Brexit: The Sky is Falling! The Sky is Falling!

    by cheblammo Jul 8, 2016 12:35 PM
    cheblammo cheblammo Jul 8, 2016 12:48 PM Flag

    It lasted a day longer than I thought it would. But, as our buddy Webby would say, I don't expect to catch the bottom.

  • Reply to

    Just for qqq, the MORON...

    by personality_less Jul 8, 2016 10:28 AM
    cheblammo cheblammo Jul 8, 2016 12:40 PM Flag

    "BTW, I wish I had bought when it was in the teens, but better lost profits than lost principle."

    What principle? Do you have a moral objection to auto stocks or just GM in particular?

  • cheblammo cheblammo Jul 7, 2016 8:35 AM Flag

    "Once again J puts webbie down."

    Yes! I was going to reply until I read Jeye's - just perfect.

    "You get no spare tire"? Too funny!

  • cheblammo cheblammo Jul 7, 2016 8:14 AM Flag

    "There were two kinds of bond holders at the bankruptcy."

    I understand your point, but all the bonds were treated the same. Anyone paying face value for the bonds got badly hurt, but not wiped out like shareholders did. Those speculators that bought just prior to the bankruptcy actually did quite well.

    This another instance where Webby is impervious to facts. The bondholders voted to approve the deal they received. If they had wanted to force liquidation to get "all the remaining equity" they could have. Clearly, they believed they would do better by approving the deal.

  • cheblammo cheblammo Jul 6, 2016 6:07 PM Flag

    "You're correct, you don't know everything..."

    No, he doesn't know everything, but then he's not the one with the warrants, is he? Nobody screwed you over - the bondholders voted to accept this deal. You knew (or should have known) what the strike price and date were when you received the warrants. They've been trading a long time now, if you wanted to sell them, you should have sold them!

  • Reply to

    GM SALES DROP; INVENTORIES GROW IN JUNE

    by adrian_whapcaplet Jul 2, 2016 5:37 AM
    cheblammo cheblammo Jul 4, 2016 9:22 AM Flag

    "Here's whats up, Chebby."

    Wait a second, these "low volume compliance cars" aren't all that important? Isn't that what us "pumpers" have been telling you for years? Well, speaking for my fellow "pumpers", we are very pleased that you've finally seen the light!

    Now, on to trucks. It seems your memory problems are conveniently kicking in again.

    Remember last year at this time? Combined Sierra/Silverado sales were beating Ford for the first time in years. Fact: F series sales for June, 2015 were DOWN 8.9% compared to June, 2014, and Silverado sales were UP 18.4% for the same period. As I recall, my "pumper" explanation for this was the predictable difficulties Ford was having in launching their new truck, and their failure, or inability, to build sufficient inventories prior to their lengthy changeover shutdown. Remember how you had mocked GM for building big truck inventories prior to THEIR changeover? Didn't you suggest that they might use them to build artificial reefs, or some such clever idea? Building inventories turned out to be a very good decision, did it not?

    This, of course, leads right into my "pumper" explanation for this month's June truck sales decline at GM. It's in comparison to last June's sales when GM had plenty of inventory while Ford didn't, and the Colorado/Canyon has taken some sales from Silverado/Sierra. Here's a quote from Pickup Trucks dot com from 7/1:

    "It's worth noting that the Ford F-Series full-size pickups outsold the combined Chevy Silverado and GMC Sierra full-size pickup lineups in June; however, if you add in the GM midsize pickups, GM crushes Ford by almost 8,500 pickups for the month."

    Truck buyers are a pretty loyal bunch, it doesn't surprise this "pumper" that Ford's sales have returned. Besides, it's a pretty nice truck.

  • Reply to

    The times, they are a changin'

    by wngr123 Jul 1, 2016 2:33 PM
    cheblammo cheblammo Jul 3, 2016 10:17 AM Flag

    "Uh, yeah. College graduates represent, by a huge margin, those high school graduates in the right hand side of the Bell Curve."

    I doubt it, but my intention is not to criticize college, just the insistence that a college degree is absolutely necessary for success. It shouldn't be - in my view, it's become a self fulfilling prophecy. Like you, many employers won't even consider an applicant without a college degree.

    As a result, too many unqualified kids are going to college and those that don't are branded as losers.

    "Yes, there are those college graduates who are no more prepared to be an HVAC technician than a high school graduate, but that college graduate (even an Art History major) is far more likely to learn it faster and be better at it."

    Not in my experience. I hired a lot of people in my career, and I found plenty of great employees both with and without degrees.

  • Reply to

    The times, they are a changin'

    by wngr123 Jul 1, 2016 2:33 PM
    cheblammo cheblammo Jul 3, 2016 9:53 AM Flag

    "And, by in large a college graduate will be more intelligent and better socialized than a high school graduate."

    Well, they might be more knowledgeable, but more intelligent? I'm not so sure. Given the ideology of the average college professor, I question the value of some of the "knowledge" too.

    I suppose a college graduate will at least know that the idiom is "by and large", not "buy in large."

  • Reply to

    How old is Grandma

    by jeyebolt2003 Jul 2, 2016 2:24 PM
    cheblammo cheblammo Jul 2, 2016 5:00 PM Flag

    OMG!

    Apparently Grandma fell over dead before she could finish. Lucky for her cremation has been invented.

  • Reply to

    The times, they are a changin'

    by wngr123 Jul 1, 2016 2:33 PM
    cheblammo cheblammo Jul 2, 2016 1:19 PM Flag

    "If not for Bill Clinton we would of got there much earlier."

    I guess you just get some perverse pleasure in looking stupid. I guess I "should of" known.

  • Reply to

    The times, they are a changin'

    by wngr123 Jul 1, 2016 2:33 PM
    cheblammo cheblammo Jul 2, 2016 1:16 PM Flag

    "This time automation is going to wack jobs---across the board. We have to decide how to use it because there is no stopping it"

    That may be, but cheap labor from all over the world already has, and will continue for quite some time, to "wack" more jobs than automation.

  • Reply to

    The times, they are a changin'

    by wngr123 Jul 1, 2016 2:33 PM
    cheblammo cheblammo Jul 2, 2016 1:11 PM Flag

    "This would not be unlike the French Baccalaureate exam. It is administered to high school students and if a student doesn't do well enough, the most they can hope for is to get into a vocational school. It also determines what level of university a student can attend. The highest grades are eligible for one of the École Supérieure."

    Wow, I am impressed!

    Not so much by the fact that you know about the French Baccalaureate exam. Not so much that you know how to spell "Baccalaureate." Not even so much that you know about "École Supérieure."

    I am impressed that you went to the trouble of using the appropriate special characters for "École Supérieure."

    Well done, Wngr!

  • Reply to

    The times, they are a changin'

    by wngr123 Jul 1, 2016 2:33 PM
    cheblammo cheblammo Jul 2, 2016 11:59 AM Flag

    "We need to either lower high school to three years or increase it to five. The problem with my idea is that it is not politically correct as it calls for separation. After three years kids are divided. Those going on to a university would go and eliminate the first two years of college. Those that are not would learn a USEFUL trade."

    This is not at all an unreasonable proposal.

    Today's problem is not that automation has eliminated too many jobs, it's that there are too many people that lack the skills (or the interest) to do too many jobs as they currently exist.

  • Reply to

    The times, they are a changin'

    by wngr123 Jul 1, 2016 2:33 PM
    cheblammo cheblammo Jul 2, 2016 11:33 AM Flag

    Do you talk in slogans all the time?

  • Reply to

    The times, they are a changin'

    by wngr123 Jul 1, 2016 2:33 PM
    cheblammo cheblammo Jul 2, 2016 11:25 AM Flag

    "You have to look at the next wave. We are very close to basically eliminating most manual labor."

    Oh, man! Can't wait for the Fanuc liquor store attendant!

    I read Player Piano almost 50 years ago and loved it. While I had (and still have) a hard time imagining a world of automation quite as severe as that imagined by Vonnegut in 1952, I remember thinking at the time that figuring out what to do with a whole bunch of basically useless people will indeed be a major challenge. I imagine that in 1952, Vonnegut would have thought that 64 years later we'd be much further along than we are.

    Perhaps before we head down the road of earlier retirement, reduced work weeks and more free money, we ought to get our financial house in order.

    Then, maybe we can more seriously contemplate creating a new utopia.

  • Reply to

    The times, they are a changin'

    by wngr123 Jul 1, 2016 2:33 PM
    cheblammo cheblammo Jul 2, 2016 10:54 AM Flag

    "but then, given the unemployment numbers for level of school completed, lack of a degree is certain doom."

    Yes, but why? Because the average college graduate is so much smarter and better prepared? I don't think so.

    "Maybe a degree gets you an interview. Depending on what the degree is in, maybe it even gets you a job. But the rest is up to the individual."

    Yes!

    Unfortunately, practically everybody has bought into this "must have a college degree" mentality. So, without one, even getting an interview is nearly impossible.

  • cheblammo cheblammo Jul 2, 2016 10:46 AM Flag

    I understand the others, but Kansas? Why Kansas?

    Is it just because it's Jeyehawky's home?

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