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Momintn

Momintn
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  • Recalls Are A Cost Of Doing Business - GM Still Has 20% Upside [View article]
    My shares are from the IPO, but I'm hoping the shares hold at $34, and then I'm going to start buying more. If my cost basis were $38, i'd be buying some now or at every Friday before the close on bad weeks. Maybe tomorrow will be lower. Depends of course if you have cash every month to invest and if you can hold your shares for a year or so.
    Mar 13, 2014. 03:07 PM | 2 Likes Like |Link to Comment
  • Valero Energy Corporation: A Long-Term Buying Opportunity In A Dividend Stock [View article]
    What is the dividend for VLP?
    Mar 13, 2014. 02:40 PM | Likes Like |Link to Comment
  • Quest Diagnostics Has An Improved Outlook After Summit Health Acquisition And $600 Million Refinancing [View article]
    The market has been more interested in revenue growth. Is the 2 to 4% Revenue growth from both acquisitions?
    Mar 13, 2014. 02:34 PM | Likes Like |Link to Comment
  • Recalls Are A Cost Of Doing Business - GM Still Has 20% Upside [View article]
    Interesting how the stock bounced off of $34. I wonder if computer trading sold the shares down to $34, and then started buying the shares back. I seriously doubt that real investors are trading this volume.
    Mar 13, 2014. 01:37 PM | Likes Like |Link to Comment
  • Recalls Are A Cost Of Doing Business - GM Still Has 20% Upside [View article]
    I agree that new buyers aren't going to care about the older cars. In fact, it may encourage them to buy new cars instead of used.
    Mar 13, 2014. 01:35 PM | 1 Like Like |Link to Comment
  • Recalls Are A Cost Of Doing Business - GM Still Has 20% Upside [View article]
    Usually traders come in quickly to run the stocks back up. I've noticed this on many of the S&P stocks that have above average volume. When they open down, they go up after 15 minutes of trading.
    I guess it depends on what else is happening tomorrow.
    Mar 13, 2014. 12:50 PM | Likes Like |Link to Comment
  • Recalls Are A Cost Of Doing Business - GM Still Has 20% Upside [View article]
    If you buy the stock today, you get $.30 because the ex-dividend day is tomorrow.
    Mar 13, 2014. 12:32 PM | Likes Like |Link to Comment
  • How A Long Is Playing The GM Mess [View article]
    I need to look into this.

    But if you buy the stock today, you get $.30 tomorrow for the dividend.
    Mar 13, 2014. 12:29 PM | 1 Like Like |Link to Comment
  • Recalls Are A Cost Of Doing Business - GM Still Has 20% Upside [View article]
    Here is the timeline on the problem.
    http://bit.ly/1geiyB5

    What you need to realize is that over 40,000 people die in the USA in car accidents and many lawyers go after the manufacturers. Remember Toyota's acceleration problem and Ford's Firestone's tire problem? Far more deaths involved!

    If you take the number of accidents where the ignition switch was not in the ON position, and how many of those cars were on the road, it is a very small percentage of failures.

    And the other issue I have is if the switch is in the OFF position, did someone turn it off to prevent a fire after the accident?

    I have replaced ignition switches in other brands of cars when mechanics said they had failed, and it never occurred to me to complain to NHTSA. They were out of warranty, so I paid for new ignition switches.
    Mar 13, 2014. 12:18 PM | 3 Likes Like |Link to Comment
  • Recalls Are A Cost Of Doing Business - GM Still Has 20% Upside [View article]
    Finally I have found out about Toyota:
    "Toyota has been in talks to wrap up a four-year Justice Department investigation and The Detroit News reported last month it may agree to a deferred prosecution agreement and a fine of $1 billion or more."

    GM's fine could be up to $35 million if it is found that they delayed reporting a safety-related defect to NHTSA.

    From The Detroit News: http://bit.ly/1iFcLb6

    If you have auto stocks then I guess this is the paper you need to read to get the facts.
    Mar 13, 2014. 11:56 AM | Likes Like |Link to Comment
  • Recalls Are A Cost Of Doing Business - GM Still Has 20% Upside [View article]
    Sterne Agee analyst Michael Ward, in a research note released Wednesday, pegged the potential recall cost for GM at $150 million, which could be split with the supplier

    From The Detroit News: http://bit.ly/1iFb8u0
    Mar 13, 2014. 11:50 AM | 1 Like Like |Link to Comment
  • Recalls Are A Cost Of Doing Business - GM Still Has 20% Upside [View article]
    GM’s supplier Delphi Corp. may also bear some of the costs of the replacement parts since it designed the original faulty part.

    From The Detroit News: http://bit.ly/1kmzaLT
    Mar 13, 2014. 11:49 AM | 1 Like Like |Link to Comment
  • Recalls Are A Cost Of Doing Business - GM Still Has 20% Upside [View article]
    "Replacement Part in GM's Car Recall Costs About $2 to $5
    By Jeff Bennett
    The component at the heart of General Motors Co.'s 1.6 million-vehicle recall costs about $2 to $5, according to its manufacturer, a price tag that may calm investor fears over the cost of the repairs but could provoke more questions about why the problem wasn't fixed years ago.
    Auto parts maker Delphi Automotive PLC told Wall Street analysts this week it expects to spend between $2 to $5 to produce a replacement ignition switch that can then be "swapped out" in a matter of minutes by mechanics at GM dealerships. The figure was reported in a research note written by JP Morgan analyst Ryan Brinkman, who was among a group of analysts that met with Delphi leaders. Delphi, which manufactured the original switch, corroborated the report but offered no additional comment.
    The figure suggests GM may spend about $8 million on replacement switches, while also keeping dealership labor costs in check. "

    The manufacturer of the faulty part and the replacement part is DLPH Delphi Automotive PLC in the UK.
    Mar 13, 2014. 11:43 AM | 2 Likes Like |Link to Comment
  • Recalls Are A Cost Of Doing Business - GM Still Has 20% Upside [View article]
    Does Delphi Automotive, the supplier of the part, do recalls? They have a lot of new parts going into cars. Are they liable for anything?
    GM is not liable for any accident that occurred before the new GM came into existence. Those were the bankruptcy terms.
    Mar 13, 2014. 11:36 AM | 2 Likes Like |Link to Comment
  • Recalls Are A Cost Of Doing Business - GM Still Has 20% Upside [View article]
    If you are an investor in GM stock, you need to read this:
    http://bit.ly/1iF5x6U
    Mar 13, 2014. 11:29 AM | Likes Like |Link to Comment
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