I'm not sure that can be backed up by facts. The money GM received as a "bailout" is only dwarfed by what the banks, insurers, mortgage industry and other financial institutions received from the Feds during the crisis. I think we can all safely agree that these institutions played a pretty substantial role along with the regulators in almost bringing down the world's financial infrastructure. After these institutions received their "bailout" where did most of the money designated for lending go into treasuries. A bankruptcy probably would have eliminated many union jobs but at the same time the unions were already in the process, during and after the crisis, of giving the industry concessions. One thing that was overlooked was that GM was building the wrong type of vehicles for a few years (larger margin trucks) while the foreign carmakers mostly Japanese had switched to smaller size vehicles and actually did better with their sales during the same time period. You cannot lay that one on the workers. One could say millions of jobs may have been saved as a result of the monies GM received but a what cost per employee. The bankruptcy idea is firmly in the past and all carmakers have recalls since they are building machines it's how they handle the recalls is what matters and GM probably blew this one. It's easy to rewrite history years later Cheney and some of his pals are still doing it to this day but I give Bush credit he has kept a low profile especially in the other 49 states.
I thought we would see the $57's today so without any more new accusations or I think this may have bottomed. The Seeking Alpha "The Truth vs. The Noise" author has the exact opposite theory as Citron does. The time gap that "The Highwayman" mentions is interesting about the infants, they will not disclose the name of this high profile lab, methods of transit and storage, why they sat on this info for 2.5 months before informing the FDA of this claim and more. This person may have shot down a lot of what Citron claims. To me it appears Citron may have known QCOR would beat again and allowed the shares to run hoping for a larger drop from the higher levels. Citron's run may have hit a snag you had the Nazdaq down 68 points at the low and QCOR shares were only negative at the open.
I agree with you somewhat but like the market people have short memories and the buying public figures that problems will be fixed and in this case the models involved were years ago. Planes disappear from the sky yet they are still jammed. Car sales including GM's have more to do with economic conditions and we just went through a winter that wiped out more than two months worth of activity in at least half of the country so eventually buyers will come out from hibernation. This stock was near $38 a few days ago with stories of it being one of fund managers favs. You buy when their is blood in the streets and the past few days GM had some stab wounds this will be between $36-$37 next week I believe.
Here's a guy telling people not to panic but since he started his rant at 9am he I believe he had something to do with knocking the Dow futures down another 70 points along with Turkey of course. He' s blabbing it's only going to get worse day by day from here I've seen this before. Now once again anyone who listens to this boob is a boob. Like I usually say he has already alerted his hedge fund pals on what he will be saying on the airwaves. Since he has shut up the Dow futures have improved. I'm not saying we may not be down big today the markets were already in a down trend now lump Turkey on top of it and fund managers already have their fingers on the sell button at the open. He's too funny.
I agree about the shorts...Icahn is not buying but maybe Schulze and Joly should take some of those enormous profits they made from selling in the $40's and start buying showing investors what they think about their company and the share price down here.
for a change he said it would be green it may not close green but has bounced nice off that $33.70 area before the open because of him primarily. Maybe he helped form a bottom. Markets believe in restructuring and may start to bid this up.
It bounced off this level not too long ago. However this stock act's like garbage everyday it seems so it would not surprise me if it breaks $99. Carl should start harassing his board members and start focusing on his shares instead of all the other CEOs and boards he keeps attacking. Down over $40 in months and he criticizes so many other CEO's and boards he should take a long look in the mirror.
His CNBC interview moments ago with David Faber may have done that it appears but the day is young. Bass said this was political which does make me chuckle a bit but he said this will be a $50+ stock in 12-18 months that I might agree with when all this negative press fades.
Who's watching the tick by tick here on MU? There was a jump from $23.97 to $24.04 then right back down within a minute about 45 minutes ago. Those are not normal moves those are the HFT's ahead of the trades. I see it in some stocks all the time today and other days. This is the scalping they do each day and why a lot of traders and investors just leave the market.
You may toss some guys salad but not me but like a lot of angry people on this board write I'M GLAD I COULD MOVE YOU TO MAKE SUCH COMMENTS....MY JOB IS DONE HERE!
How about those Yankees two shutouts! It was a long day at the stadium and man it got cold half way through the second game.....and for now GM is at $34.
The same way this was manipulated months ago to the upside now the same is happening to the downside. BBY has one thing going for it it's forward P/E is now under 11 which is dirt cheap in this market.
I was looking for some news on their bonds or something else no it was HGG that had a horrible report this morning down over 19% today after getting hit weeks ago. BBY may have issued a weak holiday update mostly due to discounting but HGG did not discount and this report today was beyond bad. I think based on what HGG did today the spillover today on BBY may have been overdone especially since we have seen a near 50% drop from the late 2013 high.
It was not a total miss. They beat by .23 on an adjusted number and missed on revenue slightly. If you read what I posted yesterday I said the market was giving a weather pass to almost all retailers who come close or beat one of the two estimates. Look at TGT yesterday those numbers were not that good but they were not as bad as expected and TGT was up $4. The XLF bottomed around Feb 3rd after getting slammed in Dec and Jan. The market is starting to price in some pent up demand figuring that spring may actually show up soon.