you give him way too much credit. Sure, he did stunt US growth but he didn't know it would. He just bumbled along trying to please his base and supporters.
I have been, historically, pretty negative on GM. Mainly because with the UAW cancer they will always be drained. However, some of their new product is darn good. I drove a 2016 Volt yesterday and I was very, very impressed.
I wrote a covered call at 15 and it got exercised. So, at this point, I am out of TAL. Given that I got in after it was beat down I have done quite well. Also, given the drop in earnings and revenue, should I stay out and wait for a drop? I am not sure.
I published a memo that the buy point might be 15. However, given the lack of dividend yield, growth, etc. I am thinking it should be about $10. Not a lot attractive about this stock.
First, this is a tax inversion. This lowers the effective tax rate and saves a lot of money. Secondly, an increase in size allows some economy. I think this goes to $15/share and I have invested accordingly.
This is, obviously, written by somebody who has no clue about the underlying technology of the combustion coal process. The problem is, of course, what does the phrase clean coal mean? If you mean burning coal so that it does not create SO2 and particulates than clean coal is basically baghouses (to absorb particulates) and scrubbers (to absorb SO2) or just burn low sulphur coal. All of this is really "old hat" and we do that in America for some time. If you mean, by clean coal, not to produce CO2 then the only way to do that is to sequester the CO2 since basic consumption is going to produce CO2. This has been done a few places but really has not been demonstrated as being effective or practical. Finally, gassification really has nothing to do with cleaning coal. Gassification does, however, allow you to run a combine cycle power plant which is more efficient. Gassification is, however, a process that has not been demonstrated to be economically successful.
Usually Buffet gets a deal that us mortals never can (some special premium stock, etc). However, I look at the gas stations and gas isn't going down very much at all. But, oil is. The margin is and still is fantastic. I think the refiners are going to rock. VLO will go to $80 in the next few months.
I was looking at the corner gas station, gas prices aren't dropping very much at all. But, oil is. The spread has got to be damn good. I think this is an awesome time to add to your position
Nexteer is going to set up a parallel operation in China. Than they push the UAW and the next time there is a strike, boom, they shut down the operation. So, sorry, they will say, can't work with Americans. And, they would be right.
If 27.6 was real, the arbitrators would have bid this price up to $27.50. they didn't. that tells you something, does it not?
GM has great potential but it all depends on the UAW. If they declare war on GM then this stock is going down. And, eventually, it will go bankrupt. This time the federal government is not going to save them.
NSC has been such a disappointment. It has dropped from 110 to low 90s in a very short time. The market is just trashing this company.
This IPOed for $17 I think fifteen years ago and it is now 21? It has bounced around 20 for a decade. What new thing is going to make this go to say 30?
I can see why railroad like Kansas City that serve North Dakota and the Permian Basin would drop with oil shipments slowing down. But, NSC doesn't have that kind of oil tanker business. So, why would it be hit this badly?
Hard for me to get excited about this stock. It has bounced between 16 to 30 for a decade now. I can't see anything to push it farther. In most of its diverse businesses it is, at best, an also ran. It's dividend is an also ran. You want dividends, buy GE (though I am not a fan of it either). I just don't see why this is a good place to put your money. Maybe, if it dropped to the bottom of its trading range (say $16) I would like it. But, it ain't there, yet.
Immelt has consistently made either the wrong moves or the right moves at the wrong time. He paid way too much for Alstom and that is going to be a drag for the coming decade. Frankly, it is long past the time for Immelt to be fired.