It's probably a fairly safe bet at these low prices if you don't mind weathering another possible beating during the labor negotiations.
(((Fair value is over $70 a share but in a buyout the price is usually better than fair value because of expected synergies. $weet !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!)))
(((No need to do DD just follow the best, brightest and most informed investors in the world.)))
((((As you may have noticed, ol' Webby is not in the habit of answering questions he doesn't like. I'm guessing this will be one of them, so, I'll take the liberty of answering for him. Volt. He's talking about the Volt. The production Volt was changed from the original design study and this annoyed Webby. (I know, ALL production cars are modified from their original concepts, but apparently Webby doesn't know this.) Also, the Volt was recently cancelled after low sales. (I know, it wasn't cancelled, it was revised and improved - just like every car company does with all their cars, but apparently Webby doesn't know this either.) Does he have any other examples? No. No he doesn't.))))
You are a moron chebby.
Pontiac TransSport was one that illustrated a huge change between concept and production.
Cancelled after much hype yet low sales? Ummm....Allante.... Reatta....Fiero......Aztek.....Riviera.....Catera....All Saturns....All Hummers.....All Oldsmobiles....and on and on
Had a great time today out looking at hundreds of custom vehicles.
Maybe you should try getting out yourself, once in awhile.
(((Your program has been canceled long ago. You are nothing but an industry hating fool.)))
You are grasping at straws
Why would they do this in secrecy?
That is NOT the GM way.
The GM way is to hype and hype and hype a new product that is not close to ready, teasing the public until they get sick of it.
Then it is to introduce a lame-watered down version and explain that it has to be boring for manufacturability, safety, or aerodynamic reasons.
Then boast how great you think it still is going to do, in spite of the unpopular changes.
Then claim that you do not know why it is not selling.
After two or three years, cancel the program.
Sound about right?
Shareholder liability is limited to the loss of the value of their share.
Shareholders are NOT liable in suits against the company.
I don't even know if Buffett is making the calls anymore as to what Berkshire buys. He tends to be a very hands-off guy if he likes the team.
Just wondering....what if nobody from the home office really watches them very closely so they don't go in very often?
((( They can have a union hall so close to VW but three votes and still NO GO UAW.)))
Maybe the UAW workers at the union hall who are supposed to persuade auto workers to join don't work very hard at their jobs either.
You and your level playing field comments crack me up. You speak as if int'l commerce is some sort of game. Some sort of fair and square thing where other countries will hamstring themselves just because we do.
Trade is economic warfare and the fighting is eternally dirty. Shooting wars start all the time over more trivial stuff than this. You're naïve if you think trade will ever be fair, or even, or level or whatever other high-minded adjective you care to apply to it. It's economic hardball, and if we aren't willing to penalize dirty players then they will play dirty. Yet, if we penalize everybody, they will simply all penalize us back. It's a fine line and it takes a lot of brinksmanship to do a trade deal properly.
I do kinda think we need a more aggressive attitude about it, but very few Presidents take that tack for fear of retaliation. I say screw that, play hardball as needed.
((((Make no mistake, Tesla model S is a beautiful car that I'm sure is worth the praise by critics and owners alike. I just disagree with how the company has been run thus far and is still run. That is my primary reason for not investing in Tesla the stock. GM's product lines and management team allow me to purchase this stock without reservation. I'm happy with the results of the stock price thus far and am very happy with the dividends.))))
In keeping with your first advice -- to make no mistake -- I would not buy EITHER GM OR TESLA just yet.
There is no such thing as level or equal fields.
Labor is priced at what the market will bear.
Unfortunately for these UAW leaders, they can price their membership right out of the market if they are not careful.
They certainly did in Michigan.
You can put up an outpost across from the plant but that doesn't mean the employees want you choking their golden goose to death the way you did it for Detroit.
Very aware of their ATTEMPTED organizing work at VW.
Even with a supportive corporate staff the UAW were unable to organize VW USA.
Never mind that Bob King had told us at least one transplant would be organized.... by 2012!!!
Sorry Bob and Dennis, they don't need you pimps coming to their town.