I am a former Old GM Bondholder that received GM common shares as part of the long, drawn out and unfair BK process of Old GM. The common shares never reached the price that people were estimating back in the days before the new common shares were issued. ($50 to $70) That said, since new car sales numbers are starting to decline, I'm thinking of selling my shares while it is at a new 52 week high, and wait on the sidelines to buy back more if and when a drop in sales causes a drop in the SP. I would only buy back shares if sales seem to stabilize and the dividend continues to be near or above 4%.
I AM NOT A TROLL AND AM NOT SHORTING THE STOCK! - (I have never shorted a stock)
I just want a few honest opinions form people that have been owners of shares of auto companies for several years, or have been researching them during that time.
Thanks, and GLTA !
GM has Unhappy Union Workers, Do you Really want them to Assemble your Automatic Transmission or Next Vehicle. These things have Enough Problems Already. imho
Another day another layoff. 1000 workers are being laid off because demand for GM SUV are not there. The Spring Hills plant will lay off 3RD shift. It was once Saturn main operating plant before Saturn went belly up. It is one of GM newest and modern assembly plants. Hate to see GM numbers when they release them in October. They will be bad and stock will drop!
Has anyone noticed that when Anthony Scott Joslin post under an alias, he tries to insinuate that the original poster is gay. He seems to have intimate knowledge of the gay lifestyle. And the fact that he is a convicted animal abuser makes his post that much more pathetic.
Crazy Hillary Goes Off The Rails And Shouts During Labor Union Speech (REACTION)
On Wednesday, September 21st, 2016, Hillary Clinton gave a speech / address to the Laborers' International Union of North America in which she went completel...
To the tlsa and elon luver "mark" here, and other foolish worshipers of anything tsla...
How was your week? LOL...
How much more DOWN can you stand before you realize how foolish you've been?
GM pulled out of Russia 2 years ago said it could make no money. Ford stayed and is making money (profit) What did GM do wrong??? GM made dud after dud and did not care. Ford sales up 12% in Russia this year!
NFL overpaid thugs disrespecting the national anthem get out of the country if you don't like it here.
Nice to see that tsla took a complete dumper this week.
Couldn't happen to a nicer bunch of longs.
Not A Short
Nice to see the price target raised by Morgan Stanley. If the stock price hits the target it will sport a PE of 7x 2017 estimates. A PE of 7x in a market valued at 20x is hardly expensive. I realize that GM is a cyclical company, but many other cyclicals are sporting much higher PEs (like CMI, CAT, DE, BA). This conflict in valuations is hard to understand and will be resolved in the next couple of years.
The 7x PE is actually overstated. If you use actual share counts instead of weighted share counts the 2017 estimated earning per share would be $6.50 - $6.60. This accounting anomaly that reduces earning per share in the year of a share reduction is often overlooked by the market.
Another day another GM recall 2.5 million airbags all from China made cars. I guess GM did not learn from GM USA recalls of the famous airbag that might explode or throw metal at you in a wreck. GM should of seen this coming!
Wow, Look at all of John's negative posts about GM, their cars, employees, and his hopes that they all fail. He obviously hates GM and/or has an agenda,, like a Short position or lost money on a long or short position in the past. John is the first GM board poster to be put on my "mute" feature. I won't see your posts anymore John, so bye-bye!
A message for the GM Cult. jeye Analyst makes mistake in his GM report, now sees even deeper losses for stock J. Dolt of Germflask Financial revises its price target for GM shares much lower because it used an incorrect shares outstanding number. "This note corrects the PT from $28 to $24 due to an error in the DCF [discounted cash flow] share count - No other change," the firm said. A review of the first Jefferies report revealed the analyst used a 139.6 million shares outstanding number for Tesla in his valuation analysis versus the actual 165.2 million shares outstanding for the company.
Another point the union at CAMI is arguing on is the removal of the two tier system that has caused plenty of issues for workers and management alike. Not sure Gm will give in on this one. One point to consider regarding production is that new weld shop can only produce at a rate of 40 cars per hour but as we all know not ever white body gets to go to paint some are scrapped. We are in need of higher production from the new weld shop to go forward. We contribute greatly to GM's coffers and we need new investment. Time will tell.
TSLA IPO price $25.00 GM IPO price $35.00 Which one did way better????? Both IPO 2010 GM up 4 whole points!
GM Cami workers in Canada on strike. Another NAFTA result.
General Motors Co. auto workers went on strike at a Canadian plant for the first time in 21 years over jobs lost to Mexico, with the union’s president calling the situation “the poster child for what’s wrong with Nafta.”
Unifor, which represents about 6,500 GM workers in Canada, said it wanted the Detroit-based automaker to give the plant another vehicle to build in place of the GMC Terrain, which was moved to Mexico earlier this year, costing the plant in Ingersoll, Ontario, 600 jobs. The union has been battling to stop a wave of auto jobs and investment moving to cheaper locations south of the border.
“If you can’t keep your jobs when you have the best plant in the world, then you’ve got a problem,” Jerry Dias, president of Unifor, said in a phone interview. The plant has won several quality awards from J.D. Power and is recognized as one of the most productive plants in the world, the union said.
Under Nafta, Mexico’s light vehicle production more than tripled, from 1.1 million units in 1994 to about 3.5 million units in 2016, according to a report by the Federal Reserve Bank of Chicago. Canada, meanwhile, lost more than 53,000 automotive jobs from 2001 to 2014, according to a study by the Automotive Policy Research Centre.
The company has two plants in Mexico making small SUVs including the Equinox, weakening the union’s bargaining position.
This is the first strike at a Canadian assembly plant since 1996 when Unifor’s forerunner, the Canadian Auto Workers, held a three-week walkout at GM.
U.S. sales of the Equinox jumped 17 percent this year through August, according to researcher Autodata Corp. The model is GM’s second-best seller, behind only the Chevrolet Silverado pickup.
GM Hit With First Canada Strike in Decades on Nafta Losses
Output of top-selling Equinox SUV crimped in Ontario; union wanted another vehicle to replace jobs lost to Mexico
Total Cash (mrq) 20.53B Total Cash Per Share (mrq) 14.09 Total Debt (mrq) 89.09B Total Debt/Equity (mrq) 194.84
Tesla shooting itself in the foot. Elon is more American than I thought, reverting to the old "bait and switch" technique.
Tesla Model 3 Buyers Report Being Shoved Towards Model S Instead
...the company may have just taken a nasty, self-inflicted blow. Multiple Model 3 customers report being pushed at the dealership to purchase a Model S instead. In some cases, they’ve been lied to about the relative cost of each vehicle, as shown below:
(Go to the website and read the message a prospective customer received from TESLA about how the Model 3 has been costing the SAME as a Model S at $57,000)
Since the base price of the car is supposed to be $35,000, the $57K figure means Tesla is at least in part making you purchase expensive add-ons and doesn’t offer the vehicle without them yet. The less expensive cars are arriving later this year.
But Tesla not only doesn’t want you to wait, it doesn’t want you to buy the Model 3 at all.
Tesla Model 3 Buyers Report Being Shoved Towards Model S Instead - ExtremeTech
Multiple Tesla owners have reported being given a hard sell, pushing them towards the Model S and away from the Model 3. if the Model 3 is Tesla's true mass market car, why is the company encouraging people not to buy it?
Only 19 useless stupid messages from drool No record here just his usual garbage!