J-Ritch

Wow 11 bucks a share? Sad for a billion dollar corporation....an American one with such a presence. Well 86% American. lol

Anyways, it was $38 a year ago today.

What's next? Moving the Vette plant to Haiti?

GM has actually done quite a bit for alternative fuels/energy but could be doing much more.

What's going on here?

http://www.gm.com/explore/fuel_economy/

They've been toying with this for way to long now

http://www.gm.com/explore/education/...hallenges.html

Not talking trash about GM, I like GM and love many of the cars they've made but it's sad to see this.

gavriil

I'll tell you what's going on. Here:

Profitability
Profit Margin (ttm): -23.31%
Operating Margin (ttm): -2.11%

Management Effectiveness
Return on Assets (ttm): -1.43%

Qtrly Revenue Growth (yoy): -1.70%

Net Income Avl to Common (ttm): -46.51B
Diluted EPS (ttm): -74.28

Hence you get: Market Cap 6.65B on revenue of 180.41B

J-Ritch

ouch

gavriil

http://us.lrd.yahoo.com/_ylt=A0wNcuw...080702/gm.html

GreenMonster

Ford should have enough cash (27B or so) to ride out the next couple of years, but it looks like GM is cash poor, so it'll be interesting to see where they go...

fsttyms1

None of the Big 3 will go anywhere unless they do something about the union.

Costco

by the collapse of SUV/truck sales

Pretty much the big 3's bread and butter sales, not surprised at all. Bring the good products and the people will come.

Fibonacci

GM stock trading at levels last seen in 1954

I'm a bit surprised Rick Wagoner has lasted this long, talk about a neverending chinese fire drill. He primed their move into focusing on trucks/suv's a few years back and we've all witnessed how that bet has played out.

Edward'TLS

With billionaire Kirk Kerkorian keeps injecting cash into Ford by scouping up it's shares, Ford should be able to last for a while. Wait till Kirk sends a couple of his men into the board of directors, then he'll shake up the company for good.

GM missed it's chance by fending off Kirk's infusion.

Steelers Wheels

This guy kills me- 06 it was GM, 07 Chrysler, and now Ford in 08- I think I heard he drives a Firebird, a Taurus and a Grand Cherokee, so maybe he just loves the American iron.. or maybe he is just bored and likes screwing around with his money


Either way, stock seems to have found some traction at $10... 75% decline since Octboer 12th.. ouch

dallison

it is either a great time to buy stock, wait a little longer for it to fall another $1-3 and ride it to 25-30.......... or buy it and what happens if they declare bankrupcy

derrick

^ I have no idea where GM stock is headed. The dividend will be cut (I didn't read any official announcement on that yet) if it hasn't been announced already ... (look at the yield if they kept it as is ...)

I would have giant man-sized balls to pick up the stock now. My 'usual' technical analysis and some of the numbers (EPS, etc) tell me this stock is going nowhere, fast. In fact, it still might be trending downwards.

I might feel a bit better if GM has an actual, tangible plan to reverse the sales skid. And actual products that people will continue to buy beyond the 1st year model ...

stright-(paint)balling

i'm going say this and get flamed probably get flamed for this.
I see GM having the most hope of the big 3. I'm not saying they(GM ) not bleeding like hell.
Ford just fucking up all the time IMHO.
Dodge : The Americans had a chance to captalize on the German's engineering/ideas. There was to much fighting and Benz said fuck it we're out. sold it for pennies on the dollar to this inventment company who i don't think gives a shit about cars just making money(which i think right now a piss poor time to get into the car industry unless they plan on holding onto it 10+ years). Just Dodge's worst enemy is themselves. the reason i say that is even though there's a new way or more cost effective way of doing something or method. They'll fight,kick,scream,moan,cry, whatever until they get the old way back. if this was the 80's when the big 3 was making 100s of millions of dollars yeah they could get away with that but with Dodge bleeding for money won't fly now.

J-Ritch

Yeah well that makes sense but I see alot more Dodge Caliburs, Neons, and Rams these days than GM cars. The plus 40 "American Loyalists" are fading out and who under 25 now knows what a Buick is these days? It's sad. If it weren't for Tiger and some loyal peeps they'd be screwed. Most Buick buyers are repeat customers so there's my take on Buick.

As for Chevrolet they messed up when they got rid of the Cavalier. The Cobalt ain't doin so well as far as sales go. And like some comments before, their bread and butter is trucks and SUVs....not doing all to well.

GMC just does trucks and SUVs

With gas prices the daily drivers will start to sell and steer clear of these.

I mean even 4 Runners are being traded in and sold and low costs. Just look on autotrader.

Cadillac is so so right now but is still steady

Pontiac is doing some cool new stuff but look at their competition

GMs been doing this for a long time and they know what they need to do to stick this out. Overseas labor isn't gonna do it either.

Black Tire

Saturn will be the future of GM. They're just rebadging smaller OPEL cars from Europe now.

The Dougler

iTrader: (1)

Gm needs to trim some fat, lose some brands and make simpler option packages for there vehicles. offer 3 configurations instead of 30 and make smaller things dealer installed.

savage

they should cut GMC. Anything GMC offers can be rolled under Chevrolet...

savage

definitely, configuring a Chevy is almost as confusing/complicated as configuring a Porsche...

Edward'TLS

Yes, custom options only work well with luxury lines such as Cadillac. GM will lose too much money on logistic and manufacturing by offering custom options on the cheap economy lines which already aren't making money.