I'm more wondering who your pals are. Less concerned with Cramer's, whether a GM investor or not.
Trust me, you are the concern, not him.
You cut and pasted an article about German car companies' technology PURCHASE (as opposed to creation, right.....?)? Is that what I see? This is your attempt to imply GM has no innovation or leadership?
First of all, it is ludicrous to even attempt to make that point on a 100 year old company that is currently winning awards. Truly. But given that you just had to come to a GM board and make that attempt, you might have started with a technology the Germans actually DID invent.
I would ask you the source of your issue, but it is of no use. A troll like you lurks in the background hoping people will get tired of confronting your hogwash. Hoping people will tire of your teardown games. You are actually a bright guy. Why you do this is anybody's guess. Sick puppy.......... I hope people never get tired of calling you out.
You have been eviscerated by others on this board for your fraud, but you keep coming back. There is a name for that.
Barclays downgraded Gm. Popular thing to do it seems. As stated, I will be careful with my purchases as it appears to be like spitting into the wind this first week. GM IS a most hated stock. GM is also one of the very most technically advanced corporations in the world. They are very well positioned to grow in most areas of the Globe. I hope. Still like! Come get me, I can't win all of them can I?
sorry to answer myself, but I should apologize Jeye for something. I shouldn't say you are wrong about wall street. I should have said that while it is very easy to correlate the existence of wall street and the existence of bubbles. It is a specious correlation because it is fairly impossible to determine causation (personal greed, politics, central banks are often more likely).
In the same way, some might dubiously point to a positive correlation of unions and automotive company stagnation/failure. There is a correlation, however there is no identifiable merit to that argument. None.
Regarding the media, you have a perfectly valid point in my humble opinion. They do, in fact, have an outsized ability, relative to others, to influence opinion. They absolutely played a significant role in the stock, housing, energy and gold bubbles. But as was pointed out to you, you play the influence game as well. As far as stock reporting goes now, I don't see the hype and that is a good thing.
Repeal of Glass Steagall was horrific for this country. While everyone has cried about Dodd Frank, it essentially put back into place many protections for the financial system that Glass Steagall removed. From the repeal of Glass Steagall, in 10 years, we "enjoyed" two stock bubbles, and the gold and the housing and the real estate bubbles. From the advent of Dodd Frank, we have zero (so far). We are however in a bond bubble. The bubble was created by the various Central Banks. Dodd Frank and Basle Accords have capitalized the banks very well. Probably no entity has enough money for a bond bubble (except the central bankers who can continue to buy their own debt ad infinitum.....but that is another discussion).
But you are WRONG about Wall Street. It is the ENVY of every other country in this world. Despite their issues (like 100 BILLION!!!! in fines and legal fees by JPMorgan in the last 10 years), they route capital to its most efficient uses better than anyone else in the world. We need them. Imho.
no, I cannot see a way for the world's debt, or ours, to continue in this fashion.
There are many reasons for optimism. too late to get in to........... be well
Ahhhh, the legendary Webby. Pontificating, again, that Jeye is a racist. Maybe he is BUT,
In general, people show change through their actions. Lets take a look at our friends from Japan. While we were the victims of THEIR aggression, we rebuilt their country. Very racist right Webby????? You fool!
THEN, we imported their radios and TV's and cars and car parts, posting 80 BILLION/year in trade deficits to make sure they KNEW we were racists. Following yet genius?
THEN, after more than a generation where Japanese officials blocked US imports of agriculture ( as an example) and myriad other items, we knowingly allow a 60 PERCENT(!) currency depreciation in order to jump start (again!) their export driven, mercantilist, economy.
So WHEN will we see better change from the Japanese????
And you think people questioning their motives are racists?????? How fing stupid are you?
I do not back lend any credence however, to Jeye's claim that factories went bad in the States when they became integrated. THAT is poorly thought out and racist..............
The American way is to move forward. It is grounded in a belief that an optimistic future is available, but we may/will make mistakes. It happens.
Six or seven year car loans. Probably not the best idea. But, the World is laughing at us?
NO, far more likely the "World" is laughing at YOU. I am, to be sure. Your posts are a disgrace.
Thank you Cheblammo. That was nice of you. You know, I cannot post a link. During a CNBC ad blurb for Mad Money, in order to provide a view of the show's worth, I recall the ad showing Cramer saying "GM, and what can I say about them? They CONTINUE to underperform. I own this stock but no more. I give up. This may be the worst run company........"
I may be wrong and should have posted that this was my recollection. That being said, I may also be right and it may exist. In either case, he was far from complimentary and that is ok.
One more thing that may be of note. While it may be fun to bash GM or Ford, absent the math effects of currency devaluation, there are no well performing auto companies. Overproduction remains. Daimler would be closest. Avoiding Tesla discussion. Be well
I agree Jeye. It may be time for Ms. Barra, or other, to reshape the discussion. It appears the liars, the less talented and the less creative will always tear down. Story needs to change.
Thank you Wngr. I appreciate the learning!
So it appears I may not be too far off in grouping SA and China together as a ratio (quite far off in the breakdown tho) against Europe (GBP also higher second quarter). Have no idea whether I am correct, but we'll see. Stock clearly belongs higher if I am right. There appears to be no shortage of people thinking the opposite. Good day ahead to you.
Does anyone know how to get GM revenue, by country? Have to say I have no idea. Be that as it may, it appears that China accounts for roughly 25%-30% of GM revenue. By the same token, it appears that losses from Europe and South America completely destroy those other revenues y a slightly larger amount! That has to change.
It is likely that further depreciation in SAmerican currencies will produce larger losses there. In Europe, the story will be different. The Euro appreciated in the second quarter AND the economies strengthened. We need to see nice improvement there and changes made if it isn't getting done. Those changes may not be within GM! German unions and Ministries have forced GM to eat these losses. Enough! The European losses have to stop. China is CLEARLY slowing down, but probable not more than a 10 percent difference in last quarter's number (at the edges I would think). All in, I think the slowdown in China and currencies in SA will cost more than improvement in Europe. BUT, all that is WAY too overblown in the stock price. My thought.
I may be wrong and would love to read from others who may know more.
Some on this board have questioned Mary Barra's leadership. Jim Cramer is also among them. I don't know enough to speak in a definitive way like Cramer, but at the moment, I think my view is different.
I congratulate her on the way she handled the ignition switch issue. Total accountability. An internal demand and an external promise that it never happen again. Contrast the GM response with the response of Takata. Contrast the GM response to Toyota. The two foreign producers operated with little integrity.
Also, she continues to focus on the product and the customer. By every estimation, for cars produced since the bk, reliability is far superior to other brands. The ignition switch issue won't be forgotten by the families or by GM, but it revolves around products produced and designed 7-12 years ago.
General Motors hired 4,000 industrial engineers. Three years ago, Apple couldn't find any?. While listening to investors, GM has not capriciously offloaded cash because the short termers are crying. GM priorities remain entrenched. Hope it stays so.
Cramer cries it is the worst run company in America! Kyles Bass, the hedge manager of the guns, gold and nickels, buys GM and then cries for a stock buy back! They are the sellers. To me, it looks cheap.
You and Winger very cynical today. 47% pay no Federal taxes. A terrible state of affairs. Agreed. As compiled by Dow Jones Indices and Bloomberg, 95% of ALL 2014 S and P 500 earnings went to share buybacks. A terrible state of affairs.
Be well guys. I mean that. Cheers
Change is good!! you should be more concerned with the toyty land cruiser and toyty tundy and nissan titan and nissan armada. They never change. Worst in class gas mileage. Best in class rusting. Toyty and nissan do redesigns every ten years, needed or not....
just posted two comments to the geniuses who stir the negative pot. deleted immediately. remember how I said that pointing out subsidy seems to provoke defensiveness and anger? there we have it. pathetic