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- Biggest Gainers, Losers Since 9/29 [view article]
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- Big Three Automakers' Desperation for Survival [view article]
- Lehman CDS Auction Ends, Now What? [view article]
- U.S. Trade Deficit at $59.1B; Job Losses Mount [view article]
- U.S. Automakers Can't Afford to Overlook Natural Gas Opportunities [view article]
- Take Your 37-Page Report and... [view article]
- Wall Street Breakfast: Must-Know News [view article]
- Ford, GM on the Chopping Block? [view article]
- September Auto Sales: Why Was Ford Hit So Hard? [view article]
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- Biggest Gainers, Losers Since 9/29
- Wall Street Breakfast: Must-Know News
- Investment Strategy: Try to Catch a Falling Knife?
- Big Three Automakers' Desperation for Survival
- Lehman CDS Auction Ends, Now What?
- U.S. Trade Deficit at $59.1B; Job Losses Mount
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Huneycutt
Today's Other Bailout: $25B for Auto Makers [view article]
This is ridiculous, particularly the money for Chrysler. Cerberus knew what it was getting into when it bought them. Not to mention the fact that Daimler AG still owns about 20% of the equity, so we're subsidizing a major German company, as well.It's really a stretch to call Chrysler part of the "Big 3" any more, any way. In reality, it's behind not only Ford and GM, but also Honda, Toyota, Nissan, Hyundai, VW, and maybe some others as well.
Why not let one or two of the Big 3 go under so the remaining one or two have a shot at surviving in the long-run? Reply
$634B Spending Bill Now In Congress Provides Loans for Automakers [view article]
let's reward poor judgement, arrogance, and greed....sound familiar...does not the white house and congress get it......as they work to "save the economy from wall street".......wit... the current 85B bailout...this is the same b.s. ReplyNearly 20% of the S&P 500 Now Covered by No Short List [view article]
To "The World's Worst S.P." It wouldn't be happening ("the socialization of America") if the unbridled abuses of laissez-faire capitalisim hadn't reared their Medusa's hissing head first. It's a matter of necessary checks and balances. (I like your moniker: "the World's Worst S.P."--we're pretty much all of us keeping you company that way. Good luck to you!)Reply
$634B Spending Bill Now In Congress Provides Loans for Automakers [view article]
Good money after bad. These firms got themselves into difficulty with labor cost give-away, poor designs and short run plays on high yield vehicles. Why would we believe they have changed? Poor decision, again. ReplyToday's Other Bailout: $25B for Auto Makers [view article]
Having worked for GM, I have never seen a company waste more money than them. When they have parties, they cost over $500,000 hiring speakers that cost $100,000 and making everyone stay in a hotel for over $200 a day. That's one party and they have about ten of them a year. Next, they pay people $300,000 a year for a job that they could hire someone for $110,000 a year. They overpay their 22,000 white collar salaried employees all the time and they do half the work of any other company. At 5:00 p.m.., the place is empty. When some big shot from Detroit comes in, they do a massive cleanup of the office and tell everyone to stay at their desks all day and pretend to look busy. Did I mention that GM is almost all white men too that says the word "yes" as often as they breathe? Also, watching and playing video games is an everyday occurrence. ReplyGovernment Approves $25B Low Cost Loan Package for Auto Industry [view article]
Having worked for GM, I have never seen a company waste more money than them. When they have parties, they cost over $500,000 hiring speakers that cost $100,000 and making everyone stay in a hotel for over $200 a day. That's one party and they have about ten of them a year. Next, they pay people $300,000 a year for a job that they could hire someone for $110,000 a year. They overpay their 22,000 white collar salaried employees all the time and they do half the work of any other company. At 5:00 p.m.., the place is empty. When some big shot from Detroit comes in, they do a massive cleanup of the office and tell everyone to stay at their desks all day and pretend to look busy. Did I mention that GM is almost all white men too that says the word "yes" as often as they breathe? Also, watching and playing video games is an everyday occurrence. ReplyIt
Chinese Market Annihilated - Cramer's Lightning Round (9/24/08) [view article]
Cramer's problem is that he is a stock picker during a paradigm change. We are in the very early stages of a long-term bear market for U.S. equities (combined with rising commodities, Asian market & falling dollar) so he is fighting an up hill battle to put it mildly.Reply
Chinese Market Annihilated - Cramer's Lightning Round (9/24/08) [view article]
Jimbo called the Chinese market annihilated after it is already down 70%, how about calling it before it happened, like I did last year ...investmentscientist.co.../
Reply
Chinese Market Annihilated - Cramer's Lightning Round (9/24/08) [view article]
anyone who would take seriously a blithering idiot who rattles stock recommendations off the top of his head with little more than seconds of thought and utterly no analysis deserves to lose money. that CNBC keeps this clown on television is a disgrace. i switched to bloomberg long ago.i do watch larry kudlow for the occasional half-intelligent and objective guest as opposed to the perma-bulls he likes to feature. but he's also good for laughs because the america he likes to believe exists died long, long ago. he's an utter embarrasement to capitalism itself. Reply
Chinese Market Annihilated - Cramer's Lightning Round (9/24/08) [view article]
He mentioned Wal mart the other day as a buy at 58 but last year at 42 he said it was"dead money".He is manic depressive just like Ben Granham's imaginery character Mr Market ReplyGovernment Approves $25B Low Cost Loan Package for Auto Industry [view article]
Buy the shares at fire saleGM =Global Motors
It's not you daddys gm!
along with tax incentives to build these plants its a win win
for the consumer and the unions
most important for GM
imho
Reply
Government Approves $25B Low Cost Loan Package for Auto Industry [view article]
For the past 15 years the Detroit 3 were making $10K on a loaded truck and $15K on a big SUV. And they sold MILLIONS of them. What ever happened to all THAT money? ReplyGovernment Approves $25B Low Cost Loan Package for Auto Industry [view article]
I've been waiting for answers to these questions for a long time, and I suspect I'm not going to get them here. Just like my kids, the only thing you guys know how to do well is call home for more money. ReplyGovernment Approves $25B Low Cost Loan Package for Auto Industry [view article]
Alright you Detroit apologists, let me ask you this.If our domestic automakers are trying so hard, why don't they -
1. Import the 40+ mpg cars they build that are selling well in Europe and elsewhere? They don't need $25 billion to do that, just some cargo ships (which I suspect are readily available right now real cheap.)
2. Start building the NGV's again (they sell them in Canada and other countries) that Boone Pickens is spending $60 million to advertise for them. They'll sell more of them than Volts, and make more money doing it.
3. Send each dealer who wants one a dual-fueled NGV, and help them set up a CNG refueling depot at their dealership.
And for Christ's sake, do SOMETHING besides go crying to Washington. In their current state of affairs, the Congress could send them the $700 billion they want to spend on the bank bailout, and it would only STILL only be a matter of time until they ended up in bankruptcy.
Reply
Government Approves $25B Low Cost Loan Package for Auto Industry [view article]
Another example of how the Seeking Alpha contibutors know absolutely nothing about the Auto industry they love to complain about. These loans were tied to a 40% INCREASE in Corporate Average Fuel Economy which requires Auto companies to SELL a combination of cars that average 35 MPG. They can make all of the small cars they want, although domestics and imports are counted seperately so Chevy's Aveo doesn't help the Impalla, but if customers want to buy larger vehicles because gas becomes cheap again, the Auto companies have to pay the government a huge penalty. The $25B loan package does even come close to offsetting the $35B cost the government estimates the Auto companies will pay to achieve the new government regulations.CAFE is far more socialistic than any government loan package will ever be. It penalizes Auto companies for selling a vehicle mix the government doesn't like but consumers actually prefer. It is also the root cause of the truck/SUV fad because the CAFE requirements for these vehicles were much lower than cars so Auto companies could make the big trucks/suvs customers wanted without paying a CAFE penalty.
The loans also come with huge requirements. They will be given out on a plant by plant basis and each plant must be at least 20 years old (Honda, Toyota, and Nissan plants are elligable) and the loan must be used for tooling for a new vehicle that gets 25% better mpg than the previous vehicle the plant produced.
If the government treated the banks and wall street like they treat the Auto companies they would have raised the capitalization rates 20 or 30% when the credit crisis hit instead of pumping cash into the system, opening the discount window, and eventualy offering to buy all of the bad debt. That is the definition of a bailout, not the loans to the Auto companies. Reply