Poop Why GM stocks are tanking? - Page 4

Msmith · 08-03-2011, 12:01 PM

When GM folded last year and wiped out part of my retirement nest eggs/children college funds, I still hoped that given a fresh start with no baggage I might actually be a fool and reinvest its stock again. The IPO was $34 and the price did climb to about $38, but now it is $26! No, I didn't put any money in it but I just scratch my head while the stock is so bad? It does have a consecutive monthly profit and it sales in July was over 7% while the nationwide auto sale was in 1%.

DTLB58 · 08-03-2011, 05:40 PM

Why anyone would put more than 10%
of their portfolio in ONE stock is beyond me.

Diversify, Mutual funds.

SenselessChiefsFan · 08-03-2011, 05:42 PM

Quote:

Originally Posted by Unleash_the_Phury

If GM is too big to fail, wtf do you do if Apple or Google fail?

Don't worry, there are no union employees for the government to worry about buying votes from.

SenselessChiefsFan · 08-03-2011, 05:47 PM

GM has done some good things of late. They have some very marketable autos. However, they are at the top end of the spectrum and are not the most fuel efficient.

The real issues come down to expenses. As long as you have overpaid union labor with government backing in negotiations, it is going to be very hard to turn a good profit.

There was a time when unions were necessary. That time is long gone. Unions are the mafia of the middle class. It increases labor costs and puts that money into Union Bosses pockets for 'protection'.

My father was a member of a union. I have been part of a Union. I just don't see much use for them now, other than to protect the non productive workers and to help keep democrats in office.

KCHawg · 08-03-2011, 06:25 PM

Quote:

Originally Posted by BossChief

On a Toyota brochure, it states that 80% of all cars/trucks they have made in the last 15 years are still on the road.

I bet Chevy is more like 50%...if that.

Nah, 80% of Chevys are still on the road too...somehow the other 20% made it home.

**loochy** · 08-03-2011, 06:27 PM

Quote:

Originally Posted by BossChief

4 years later the bumper falls off the caddy and the Lexus sells used for within 10% of a new one.

America needs to step the **** up in the car market

What are you basing this on?

**loochy** · 08-03-2011, 06:29 PM

Quote:

Originally Posted by SensibleChiefsfan

GM has done some good things of late. They have some very marketable autos. However, they are at the top end of the spectrum and are not the most fuel efficient.

The real issues come down to expenses. As long as you have overpaid union labor with government backing in negotiations, it is going to be very hard to turn a good profit.

There was a time when unions were necessary. That time is long gone. Unions are the mafia of the middle class. It increases labor costs and puts that money into Union Bosses pockets for 'protection'.

My father was a member of a union. I have been part of a Union. I just don't see much use for them now, other than to protect the non productive workers and to help keep democrats in office.

But they have to figure out how to overcome the negative bias they've built up with the consumer over the last 10-15 years. THAT will take some tough marketing work and some innovative design (along with a consistently reliable product, of course).

**BossChief** · 08-03-2011, 06:41 PM

Quote:

Originally Posted by loochy

What are you basing this on?

resale value and the reason of why there is such a huge discrepancy between American made vehicles and Nissans/Toyotas in regards to such.

People dont want to sell their Nissans/Toyotas because they are reliable where Chevys are unreliable.

Chevy changes the name of their models every few years because by then the word is out that they are garbage.

**loochy** · 08-03-2011, 06:43 PM

Quote:

Originally Posted by BossChief

resale value and the reason of why there is such a huge discrepancy between American made vehicles and Nissans/Toyotas in regards to such.

People dont want to sell their Nissans/Toyotas because they are reliable where Chevys are unreliable.

Chevy changes the name of their models every few years because by then the word is out that they are garbage.

No, I mean the part about Cadillac bumpers falling off. Cadillacs are quality.

I know about the perceived reliability discrepancy.

**alpha_omega** · 08-03-2011, 06:53 PM

Quote:

Originally Posted by BossChief

because they continue to make junk cars and charge just as much as cars that are far more reliable.

next question

Winner. I am driving an Impala rental car this week...what a total POS. I would never buy one!

**BossChief** · 08-03-2011, 07:27 PM

Quote:

Originally Posted by loochy

No, I mean the part about Cadillac bumpers falling off. Cadillacs are quality.

I know about the perceived reliability discrepancy.

you can buy a 6 year old Cadillac for pennies on the dollar...not so much with a Lexus.

You think thats just a coincidence?

UteChief · 08-03-2011, 08:10 PM

Quote:

Originally Posted by Reerun_KC

Offshore staffing for IT services... My business partner and I own services centers in 2 different countries. And in negotiating in a 3rd country to help us take the pressure off of hiring.

We sell those people back to our US clients... We have grown from 6 total people to over 53 in 18 months...

Thankfully those countries are up and coming... its allowed us to grow our US and overseas offices... We are providing a good quailty of living for many people around the world, including here in the US...

Are you in the Philippines?

Reerun_KC · 08-03-2011, 08:18 PM

Quote:

Originally Posted by UteChief

Are you in the Philippines?

Yes our account executives are in the Philippines, our IT staff is in Islamabad and Lahore Pakistan. And were working on opening another facility in Bangladesh...

UteChief · 08-03-2011, 08:33 PM

Quote:

Originally Posted by Reerun_KC

Yes our account executives are in the Philippines, our IT staff is in Islamabad and Lahore Pakistan. And were working on opening another facility in Bangladesh...

Do your reps take phone calls for American companies? I'm asking because I monitor calls where we have Phillipino reps take calls from American customers. It can be miserable. I feel bad for our customers.

Reerun_KC · 08-03-2011, 08:38 PM

Quote:

Originally Posted by UteChief

Do your reps take phone calls for American companies? I'm asking because I monitor calls where we have Phillipino reps take calls from American customers. It can be miserable. I feel bad for our customers.

Yep we sure do...... We actually allow our clients direct access to developers and IT admins...

We give them local skype numbers. We personally pre screen every canidate for english communication skills.

Its one of the main reasons we are exploding, our American oversite and direct access model is killing the offshore industry...

Okie_Apparition · 08-03-2011, 10:37 PM

Rexjake just chauffeured Guilani in to the Hudson

08-03-2011, 12:01 PM
Msmith Veteran Join Date: Jan 2004 Casino cash: $8238035	Why GM stocks are tanking? When GM folded last year and wiped out part of my retirement nest eggs/children college funds, I still hoped that given a fresh start with no baggage I might actually be a fool and reinvest its stock again. The IPO was $34 and the price did climb to about $38, but now it is $26! No, I didn't put any money in it but I just scratch my head while the stock is so bad? It does have a consecutive monthly profit and it sales in July was over 7% while the nationwide auto sale was in 1%.
Posts: 2,068

08-03-2011, 05:40 PM	#46
DTLB58 DT CARD COLLECTOR Join Date: Mar 2002 Location: ManCave Casino cash: $10005837	Why anyone would put more than 10% of their portfolio in ONE stock is beyond me. Diversify, Mutual funds. __________________ 667 Different DT cards and counting
Posts: 7,574

08-03-2011, 05:47 PM	#48
SenselessChiefsFan MVP Join Date: Nov 2008 Casino cash: $10005450	GM has done some good things of late. They have some very marketable autos. However, they are at the top end of the spectrum and are not the most fuel efficient. The real issues come down to expenses. As long as you have overpaid union labor with government backing in negotiations, it is going to be very hard to turn a good profit. There was a time when unions were necessary. That time is long gone. Unions are the mafia of the middle class. It increases labor costs and puts that money into Union Bosses pockets for 'protection'. My father was a member of a union. I have been part of a Union. I just don't see much use for them now, other than to protect the non productive workers and to help keep democrats in office. __________________ A bad day at the gym is better than a good day on the Couch.
Posts: 5,540

08-03-2011, 10:37 PM	#60
Okie_Apparition Banned Join Date: Jan 2011 Location: floatin cobwebs n the sky Casino cash: $10004900	Rexjake just chauffeured Guilani in to the Hudson
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