Recent

% | $
Quotes you view appear here for quick access.

General Motors Company Message Board

wngr123 254 posts  |  Last Activity: Aug 26, 2015 8:10 PM Member since: Oct 24, 2008
  • Reply to

    April 6 2015 Goldman story

    by jeyebolt2003 Aug 10, 2015 4:00 PM
    wngr123 wngr123 Aug 10, 2015 4:32 PM Flag

    "Goldman didn't downgrade GM until the end of June and GM has done nothing since even with a Good earning that beat on July 23 and good July sales for July."

    GM earned 2.5% margin in the first quarter. Is that what you call a good quarter? Do you buy a company's stock based on the number of units sold, or on return?

  • Reply to

    WNGR! YOUR SERVICES ARE REQUIRED!

    by cheblammo Aug 10, 2015 8:53 AM
    wngr123 wngr123 Aug 10, 2015 4:22 PM Flag

    "That's why I was surprised! Correction noted!"

    Sorry, I see why it was confusing.

  • wngr123 wngr123 Aug 10, 2015 4:21 PM Flag

    "So you must think GM and Mary and he staff is doing a bad job."

    I don't think GM is doing very well. One should not judge any individuals like the CEO for several years.

  • Reply to

    April 6 2015 Goldman story

    by jeyebolt2003 Aug 10, 2015 4:00 PM
    wngr123 wngr123 Aug 10, 2015 4:07 PM Flag

    "So what did Goldman do with the 73.4 million shares before the end of June downgrade. Now that the stock is trading down by almost $4 a share. Are they selling at a loss or did they sell them and now shorting them."

    No idea, what are they doing (and I don't mean what are they doing in your mind)? How much of that stock do they still own?

  • Reply to

    WNGR! YOUR SERVICES ARE REQUIRED!

    by cheblammo Aug 10, 2015 8:53 AM
    wngr123 wngr123 Aug 10, 2015 3:48 PM Flag

    "Asking for a list on what they gave up. I gave you a list."

    And you TOTALLY missed the point. Let me explain this to you. The point is that GM Tier I workers gave up next to NOTHING. I actually was talking to another poster when you posted the list and the other poster said,

    "I would not be buying any GM Product made before a Pending Strike, who knows how angry the Line workers are have lost all those benefits and cash."

    My point to him, and you since you joined the conversation, is that the Tier I active employees lost next to nothing, i.e., they should NOT be asking for for more to replace what they lost, because they lost practically nothing.

    "No I said they buy and pick."
    Whatever, it's totally immaterial. Again, the point is that they "buy and pick" BEFORE they go on to CNBC, so it follows that CNBC BS has no influence on them as any idiot would know. Do you get that?

  • wngr123 wngr123 Aug 10, 2015 3:30 PM Flag

    "I bet the companies that replace them don't have a CEO making $16 million either."

    By the way Jeye, as I have explained to you in the past, the number you see in the newspapers about CEO pay is based on POTENTIAL compensation after several years of results are know. From the Proxy statement from GM dated 4/24/15:

    "In 2014 as CEO, Ms. Barra's realized compensation was $4,549,563."

    So in 2014, she DID NOT get $16 million, she got $4.5 million. She MAY get the rest in years to come, depending on how the company does. Also, 89% of her income is 'at risk' depending how the company does, and of that 69% is linked to the performance of the company's common stock. How would you like that deal?

    That's why I keep telling you that CEO compensation is totally different than how you were paid.

  • Reply to

    WNGR! YOUR SERVICES ARE REQUIRED!

    by cheblammo Aug 10, 2015 8:53 AM
    wngr123 wngr123 Aug 10, 2015 2:56 PM Flag

    "Sorry I don't agree.."

    Did you misspeak earlier? Let me remind you...

    "So you just admitted that CNBC is not the causal factor, it is after the fact that these guys go on to CNBC to tout their investments. So how could CNBC be influencing them? It couldn't.

    Further, you also believe that the markets are "moved by Buffett, Icahn, Soros and large Hedge funds."

    I think we can now agree that CNBC doesn't move the markets, the big guys do. And anyone with half a brain knows that the Buffetts, Icahns, Johnsons all have massive staffs that do their due diligence and their purchases are based on company performance, and more importantly, company potential for performance. "

    YOU said the big guys pick their stocks, THEN go on CNBC. So obviously CNBC couldn't possibly be influencing them. Then you said that the small investors don't move the markets, the big ones do.

    Which is it Jeye? You can't have it both ways.

  • wngr123 wngr123 Aug 10, 2015 2:34 PM Flag

    "I bet the companies that replace them don't have a CEO making $16 million either."

    Of course not. All of these companies are miniscule in comparison with GM. CEO compensation is different than hourly pay as I've told you many times before. It's based on the responsibility they have and their performance.

    You obviously believe that Mary Barra is over paid. OK, let's take Delphi for example. Delphi is a large company, larger than any of those other companies we mentioned (except possibly Lear) with sales of $17 billion. Even though it's a large company, it's still only about 11% as big as GM.

    Why don't you look up how much Rodney O'Neal made last year at Delphi and then tell me that $16 million is too much for Mary Barra.

  • Reply to

    WNGR! YOUR SERVICES ARE REQUIRED!

    by cheblammo Aug 10, 2015 8:53 AM
    wngr123 wngr123 Aug 10, 2015 1:40 PM Flag

    "These guys use CNBC to make them money. What happens when one of these guys buy something? CNBC tells the world and investors jump in making them money. But CNBC never mention what Buffett owns GM."

    So you just admitted that CNBC is not the causal factor, it is after the fact that these guys go on to CNBC to tout their investments. So how could CNBC be influencing them? It couldn't.

    Further, you also believe that the markets are "moved by Buffett, Icahn, Soros and large Hedge funds."

    I think we can now agree that CNBC doesn't move the markets, the big guys do. And anyone with half a brain knows that the Buffetts, Icahns, Johnsons all have massive staffs that do their due diligence and their purchases are based on company performance, and more importantly, company potential for performance.

    That's all I wanted to hear.

  • Reply to

    WNGR! YOUR SERVICES ARE REQUIRED!

    by cheblammo Aug 10, 2015 8:53 AM
    wngr123 wngr123 Aug 10, 2015 12:49 PM Flag

    "CNBC works for Wall Street. Who are their guest? Wall street analysts.and Hedge fund and Mutual fund bosses."

    So let me ask you a couple of questions Jeye.

    1. Do you think that people like Edward Johnson III, Ron Perelman, Carl Icahn, or even Warren Buffett listen to and are influenced by CNBC?

    2. Do you believe that the markets are moved more by the people in #1, or by mom and pop investors?

  • wngr123 wngr123 Aug 10, 2015 12:29 PM Flag

    "They've lost a lot of overtime premiun pay. No overtime until they have 40 hours."
    So, they can't work Saturday and take Monday off anymore? OMG, that must be absolutely devastating.

    "Cost of Living increase. Gave up cost of living which was the large when Carter was in office"
    Makes them like the rest of America.

    "No raises in 9 year, but have gotten some profit sharing the last 5 years that has helped."
    Could there be a connection there?? So now they're only the best paid non-skilled workers by a little.

    "Health care coverage isn't as good"
    Now it's only in the top 98th percentile?

    This is EXACTLY my point. Find another bankrupt company that employees did so well. GM people lost NOTHING substantial. Want to compare this versus Cooper Standard, Ft. Wayne Foundry, Grede Foundry, Hayes Lemmerz, J.L. French, Lear Corporation, Metaldyne, etc.?

    I didn't think so.

  • wngr123 wngr123 Aug 10, 2015 11:52 AM Flag

    "I would not be buying any GM Product made before a Pending Strike, who knows how angry the Line workers are have lost all those benefits and cash."

    Would you be so kind as to make a list of what the active Tier I employees have lost?

  • Reply to

    WNGR! YOUR SERVICES ARE REQUIRED!

    by cheblammo Aug 10, 2015 8:53 AM
    wngr123 wngr123 Aug 10, 2015 11:36 AM Flag

    "Honestly, I'm less sure about that."

    Ah, my bad. I see what's causing the confusion. I inadvertently changed the subject on you.

    When I said 'I'm less sure about that' I was speaking to whether gold prices would stay low, not whether the news campaign by whom ever was the driving force.

  • Reply to

    WNGR! YOUR SERVICES ARE REQUIRED!

    by cheblammo Aug 10, 2015 8:53 AM
    wngr123 wngr123 Aug 10, 2015 11:32 AM Flag

    "Are you really unsure whether the press coverage of gold is responsible for the decline in price? "

    No, my belief is that the information that you get from CNBC, Cramer and the others have nothing to do with gold prices. I believe the free market forces like supply and demand are what determines gold prices, along with REAL news. I think the thing a lot of investors don't get is that precious metals are driven by a really complex set of rules that go far beyond the over simplified issues like inflation, and dollar strength.

    I would never invest in gold because it's too speculative for me, or maybe it's that I don't understand it any better than anyone else.

    I still believe that anyone that would be influenced by daytime television probably shouldn't be investing much of their personal wealth without adult supervision.

  • Reply to

    WNGR! YOUR SERVICES ARE REQUIRED!

    by cheblammo Aug 10, 2015 8:53 AM
    wngr123 wngr123 Aug 10, 2015 9:08 AM Flag

    "You did a fine job of straightening out Jeye regarding the efficacy of CNBC "pimping" GE stock. Will you do the same for Webby/Clown/Mulluh/RDH in his belief in the bashing power of the government regarding gold?"

    Honestly, I'm less sure about that. Frankly, I'm surprised that gold has remained as low as it has. I also read the reports that China had a massive effort going on to replace their dollars with gold. Plus with all the uncertainty around today with the Ukraine, Arctic oil reserves, ISIS, and now the retrenching of the equity markets, I am surprised that gold hasn't reacted.

    To your point though, in fact, gold has NOT reacted losing about 7% in July. It's confusing to me.

  • Reply to

    WILL OBAMA SUPPORT UAW HIGHER WAGES?

    by robert_dinero_here Aug 10, 2015 1:46 AM
    wngr123 wngr123 Aug 10, 2015 7:26 AM Flag

    "Whose side will he take in the UAW/GM talks?"

    I think we know. His behavior during the GM bankruptcy is pretty clear.

  • wngr123 wngr123 Aug 8, 2015 8:29 PM Flag

    "GM 6 times 15 billion is 60 billion"
    LMAO!!! I think this says it all. And he says it AGAIN:

    " So six trucks times 15 billion 60 billion yet"
    So it's not a typo, it's stupidity. How do you discuss something with someone that thinks 6 x 15 = 60??? Are you smarter than a 5th grader? I think we know.

    And what exactly does spending have to do with market cap??? NOTHING.

    And $15 billion?? You are delusional. What's your source? If you can find it (ask your mother to help) look at Ford's 10K issued for 2014, Page FS-6. Ford's TOTAL capital spending for 2014 was $7.5 billion. That's $7.5 billion for ALL models (cars AND trucks) including buildings, tooling, new computer systems, vendor tooling, and about a thousand other things. By the way, that's only $866 million more than 2013, and $2 billion more than 2012. Where's the $15 billion?? They MAY have spent $1-2 billion MAX.

  • wngr123 wngr123 Aug 8, 2015 12:26 PM Flag

    "With all GM trucks going aluminum in 2020 THAT IS OVER 100 BILLION WHILE FORD HAD JUST ONE F150 which cost 15 billion to convert. GM GMC and CADILLAC multi trucks lineup! Got to convert or drop line governments MPG has to be met!"

    Normally, I use my computer to read posts here, but today the circumstances are that I'm using my phone. On my phone I use my personal account (which has my real name on it) which doesn't have any filters or 'ignores'.

    So I saw the above post from qqq2244, and I have to say it is probably the stupidest post I've seen since I began posting. It is so ridiculous on so many levels I wouldn't know where to begin...so I won't. I have already devoted too much time to this already.

  • Reply to

    2016 Volt

    by jeyebolt2003 Aug 5, 2015 11:47 PM
    wngr123 wngr123 Aug 6, 2015 10:32 AM Flag

    "Will this Volt sell better than Tesla model s?"

    My opinion...no, assuming TSLA is still around. Can you hear it? BOOM...the sound of reality meeting hype. TSLA down $30 in the past 1 1/2 days. Elon's strategy of financing his dream through debt is finally meeting the reality of investors getting tired of his 'tomorrow' predictions.

  • Reply to

    Chev Cruze great economy car

    by chevrolet_cruze_eco Aug 3, 2015 9:10 AM
    wngr123 wngr123 Aug 4, 2015 3:34 PM Flag

    Thanks Chevrolet_cruze_eco for your reply. I appreciate it.

    Sounds like the problem may not be with the GFPS, but with its execution. GM also uses sequenced production systems with variations in option content and, for the most part, it works pretty good. If I were the management at your old plant, I would be looking for a different sequencer. I also don't believe I would be using the same process for commodities like fasteners...that's crazy, I agree with you.

    Nothing is more frustrating for local plant management than not reaching line rate because of an outside supplier. Ford should have people all over that place until the kinks are worked out, especially after 7 months, that's WAY too long for this type of thing to be going on.

    It also sounds like some poor planning when you added the heated reservoir to the mix.

    At any rate I appreciate your replies. Notice any differences in your new GM location? Better/worse?

GM
29.15-0.06(-0.21%)1:53 PMEDT