topshelf

GM Common Stock Is Worth More than You Think

didn't jpm make a big gain from the tax loss of bs


On May 31 08:45 AM Gerry Sullivan wrote:

> Wow, there are some angry people on Seeking Alpha. If you don't
> like what I write you should at least be civil.
>
> I purposely ran the article after the market closed on Friday and
> stated that I had no position in any GM securities. I traded the
> GRM bonds twice and the BGM bonds twice and all 4 trades were profitable.
> I recommended purchase of those bonds for speculators and if you
> followed my advice you made money.
>
> GM will continue to trade and I expect it will trade lower. I didn't
> suggest that anyone purchase the stock and I still don't suggest
> that anyone buy GM. I was merely pointing out that there might be
> some value that was being overlooked. If you check my previous posts
> you will see that I recommended that holders of GM common sell the
> stock and buy the cheapest bonds. As recently as last Tuesday you
> could sell 100 shares of GM common and buy more than 100 of the BGM
> $25 par bonds. BGM closed at $2.48, GM at 75 cents.
>
> GM bonds will continue to trade and may trade higher. Once GM files
> bankruptcy the symbols may change. Someone mentioned that they were
> short the bonds. That might get untidy as this works its way through
> the court system. I continue to believe that the bonds will be worth
> more than their closing prices on Friday. There could easily be
> a short squeeze on the listed bonds.
>
> I like the prospects for the "new GM" and think in time it will be
> a big winner.
>
> Disclosure: no positions in GM

Li-ion Batteries: A Speculative Field of Dreams

Glad to see that someone mentioned BYD Company. BYD Auto is a subsidiary of the parent, which is China's largest Battery Maker. About one month ago they became the first Auto company to begin mass production. They had eyes popping at Detroit, Oregon has been "in talks" with BYD. IMHO, the sleeping giant. All I can say is; they are certainly worth a deep DD. Just too much to say and yes, they do trade in the US. I would rather not mention the symbol, else someone think I'm just pushing a buy. Those interested should be able to find it. Warren Buffet did, and he wants a bigger slice. BYD company is prepared to cut a deal with a US Auto Maker and give them Rights to the battery.


On Jan 28 11:13 AM timbball wrote:

> I'm surprised no one has talked about BYD Auto (1211-HK) yet, the
> company Buffett took a 10% stake in. BYD uses lithium iron phosphate
> battery to power its vehicles.