Richard K

Why Selling Your GM Stock Makes Sense, Even If Bankruptcy Is Averted

There has been a suggestion that outstanding shares in Old GM will become shares in 1% of New GM. So if the total market cap remains the same, just change the dollar value of your holdings into pennies.

Why Selling Your GM Stock Makes Sense, Even If Bankruptcy Is Averted

If any bankruptcy aversion deal is announced, there will be a short sharp price spike until people calm down enough to run the numbers. If I had a GM position I could afford to lose I might take a shot at selling into this spike but this is definitely one for the most nimble of traders.

You gotta ask yourself, do I feel lucky today?

Segway and GM's Puma Addresses the Problems of Tomorrow

I think GM is just innoculating themselves against criticism about ignoring fuel economy issues. They have actually risked very little in this venture so far, and can always point to it as an example of being "out there" in green development.

It's interesting that the company is also being beat up for bringing out a new 30mpg crossover suv, just because it is an suv.

How the Government Should Manage GM and Chrysler

"The administration hopes to use the threat of bankruptcy at the end of the three-month window to wring painful change out of GM and Chrysler."

The administration making this threat is not the one that would have to enforce it. The kind of changes required cannot be acheived in 3 months. The Obama administration will then be faced with the choice of overlooking a failure to perform, or forcing these companies into bankruptcy as one of its first official acts. That will not be allowed to happen so the "threat" is an empty one.

Problems That Detroit Bailout I Doesn't Address

The bailout language in the House bill would virtually require government overseeers to force these firms into bankruptcy unless certain conditions are met by March - conditions that seem extremely unlikely. Why would they even agree to this? Are they hoping the new administration will bail out their bailout?

Or is "forced" bankruptcy the real plan? That way neither policians nor executives could be blamed. After all, they tried.

GM: Bankruptcy Is No Longer an Option

Forward this entire post to the Big3 CEOs (if you can get the fax numbers for their jets). They have to come up with a workable plan by December; maybe this is it.

General Motors: Beginning the Endgame?

"GM has eight divisions (quick, can anybody name them all?)"

I couldn't so I had to click on the link. Here's the list (comments added)

*Chevrolet - well, of course, a synonym for GM
*Buick - overpriced Chevys with more fake leather
*Pontiac - a historic name but not relevant today
*GMC - he-man truck brand with fight-to-the-death loyalists
*Saturn - supposed new beginning, now another Chevy clone
*Hummer - exists in name only & they're trying to sell that
*Saab - they actually sell these? Have you ever seen one?
*Cadillac - really overpriced Chevys with genuine leather