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Momintn

Momintn
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  • Lifetime to launch $3.99 movie-streaming service [View news story]
    This is a great idea. More companies like CBS are going straight to the consumer who don't want a cable plan. In Nashville, you can get 12 to 13 channels without cable. I bet there are many women who have internet but don't pay for cable.
    Jul 2, 2015. 11:06 AM | Likes Like |Link to Comment
  • DOJ Causes Temporary Turbulence For American Airlines [View article]
    Just a week ago or so, the media talked down the airlines because they were going to add capacity and start a pricing war. So now it turns out to be just the opposite, the airlines are going down because they are being investigated for not adding capacity and not lowering rates. Why does no one ever mention that earnings are growing and the stocks are dirt cheap?
    There needs to be more capacity and then rates can stop going up. I'm not sure the DOJ can do anything about it though. Wall Street has too much control over business decisions by talking about things in an adversary manner without any responsibility for the outcome. Either way they are negative because once they went short they like to stay short. And they were hoping that the transports would bring down the market. Now they can't explain that either. They have gotten the market so messed up that you can't logically explain the price of any stock. So most people have just given up and invest in SPY.
    The obvious problem is that United is terrible to customers trying to go abroad and over-books their flights. Why airlines are allowed to merge and become monopolies is the problem. There should be a punishment for over-booking flights such as a fine.
    Jul 2, 2015. 10:50 AM | Likes Like |Link to Comment
  • Underlying strength for General Mills in FQ4 despite F/X hit [View news story]
    GIS is a safe stock to own. But I'd wait for market weakness to buy it. I'm not selling my shares.
    Jul 2, 2015. 10:25 AM | Likes Like |Link to Comment
  • IBM: A Comment On Price Vs. Value [View article]
    Anyone can post anything. What marketshare are you looking at? IBM is number one in servers over $250k and in middleware software. You can disagree all you want but if you don't site proof then it is only conjecture. Customers understand that IBM is not a non-profit and can't just do everything at the lowest cost. But when it comes to business decisions and implementing technology plans they still turn to IBM.
    Jul 2, 2015. 10:15 AM | Likes Like |Link to Comment
  • IBM closes GlobalFoundries chip manufacturing sale after regulators approve [View news story]
    So why does this site say the price of IBM is $162 when it is 164? I've noticed discrepancies on several stocks. And I've checked after hours prices too.
    Jul 1, 2015. 04:54 PM | Likes Like |Link to Comment
  • Pricing strong at GM in June amid sales slip [View news story]
    I still think Goldman should be investigated to see who was short the stock. If you knew that the stock was going from the 100 day moving average to where it is today, you could make a lot of money. And the 100 day moving average was around the price on the Friday that the Canadian shares sale closed. So the downgrade came at the exact time for the chartists to say there was the double top hitting the 100 dma. Goldman doesn't care if the shares go down if they are short the stock. Now they get to sell them to institutional investors on the cheap saying look they're cheaper than the IPO. So all of them are happy...until they go to jail. Talk about rigging an airline ticket. What about rigging the value of a $85B company?
    Jul 1, 2015. 03:35 PM | 4 Likes Like |Link to Comment
  • IBM: A Comment On Price Vs. Value [View article]
    No other vendor has the customer loyalty as IBM.
    Jul 1, 2015. 01:44 PM | Likes Like |Link to Comment
  • Pricing strong at GM in June amid sales slip [View news story]
    You are not missing anything. The news is so biased against GM. It doesn't matter what channel either, CNBC or Bloomberg. Both only report %growth up or down, and talk about Jeep sales. They are the most ignorant people you could possibly listen to. They probably barely scraped by on their SATs and ended up in journalism. I'd rather listen to a truck driver picking an auto stock. The media should have to tell the viewers that Fiat-Chrysler only made $.07 last quarter. Who cares how many cars they sell if they can only make $.07???
    And all Goldman Sachs cares about is making money. They probably had big clients shorting GM to try to force them to merge with Fiat, so they downgraded GM before the sales came out. And the Goldman-loving news media just went along with it. That really should be investigated. Goldman could end up in big trouble. You know they are guilty of trying to sabotage GM and force them to merge, and so is Wall Street. I would really like to see some of them be arrested and thrown in prison.
    Jul 1, 2015. 01:38 PM | 5 Likes Like |Link to Comment
  • Pricing strong at GM in June amid sales slip [View news story]
    Buy GM on weakness. That's what block trades are doing. There are many articles you can find in the news for Q1 and earlier years where fleet sales with high turnover to the used market have been hurting new car sales of all the big 3. Now GM is significantly cutting back. This is going to raise their profit margin. And it's going to help new buyers maintain higher resale values. If you look into it, I bet the Chrysler 500 and the Toyota Camry are going into the rental market for cheap prices.
    From Bloomberg: "GM sales fell 3 percent in June, when analysts had anticipated a 3 percent increase, as the largest U.S. automaker slashed deliveries to rental-car companies by 45 percent.
    Sales to rental agencies tend to be less profitable, the Detroit-based automaker said in a statement. GM is stopping sales of fleet-only models, such as the Chevrolet Captiva, spokesman Jim Cain said in an e-mail. GM said its retail sales, which exclude discounted sales to bulk buyers, were up 7 percent in the month with Chevrolet topping Ford."
    Ford said in a conference call today that fleet sales were 35 percent of its U.S. total. (Bloomberg) Not good imo.
    GM racheted down sales to rental companies and other fleet customers to about 20% of June sales from a monthly average of about 25%, said GM spokesman Jim Cain. Will be good for profitability imo.
    Jul 1, 2015. 01:23 PM | 4 Likes Like |Link to Comment
  • Pricing strong at GM in June amid sales slip [View news story]
    News 12/11/2006
    "Most automakers, including GM, are trying to reduce sales to daily rental fleets because they're less profitable. Also, having a lot of vehicles in rental lots can erode their image and cut into resale values."

    Edmunds 3/20/2007:
    "But now, Detroit's Big Three are reducing their fleet sales because they're less profitable than retail sales"

    10/2/2012 Cleveland.com
    "Selling large numbers of cars to fleet at wholesale prices can cause huge problems for automakers. Profits are minimal at best, and rental companies tend to keep cars for about a year before dumping them onto the used-car market.
    Those waves of cheap former rentals tend to depress used-car prices. An over-reliance on fleet sales is one of the reasons why used GM vehicles have generally been worth less than equivalent Hondas and Toyotas."

    News 5/4/2014 from USAToday
    Why Ford is happy about declining rental-car sales
    "First, the deep discounts required when selling cars in bulk to daily rental companies erode Ford's profit margins."
    "Second, rental-cars hit the used-car market after a couple of years, where their sheer numbers erode resale values."

    6/15 2015 from WSJ:
    WSJ sees high rental fleet sales as a weak spot in 1Q2015.
    However the article concludes with "Auto makers, including Toyota, GM and Fiat Chrysler, say fleet sales are seasonal and reflect demand on the part of rental-car firms, which tend to buy small and midsize cars in high volumes. Company officials say the percentage going to rental fleets should drop as the year goes on."...which they believe is a good thing.
    http://on.wsj.com/1JvsiIQ
    Jul 1, 2015. 11:18 AM | 2 Likes Like |Link to Comment
  • Pricing strong at GM in June amid sales slip [View news story]
    GM previously announced their plan to reduce fleet sales of daily rentals to rental car companies which are less profitable. So this should not come at a surprise to anyone.

    "Chevrolet, Buick, GMC and Cadillac dealers in the United States delivered 259,353 vehicles in June 2015. Retail deliveries climbed 7 percent year over year, and they were up more than the industry for the third month in a row. The drivers were stronger Cadillac sales, a 12 percent gain at GMC and a 9 percent increase at Chevrolet. Together, they helped make the month General Motors’ (NYSE: GM) best June for retail deliveries since 2007 and its best June for retail market share since 2011."

    Read the rest http://bit.ly/1JvgpT8.~content~gmcom~home~c...

    Wed, Jul 1 2015

    Chevrolet retail sales up 9 percent, surpassing Ford Division
    Chevrolet total pickup deliveries climb 33 percent; Silverado outsells F-Series on a retail basis
    Best June ever for Chevrolet crossovers
    GMC retail sales up 12 percent; total pickup sales up 37 percent
    Commercial deliveries up for 20th consecutive month
    Jul 1, 2015. 10:44 AM | 6 Likes Like |Link to Comment
  • General Motors June U.S. sales: -3.0% [View news story]
    Daily rentals are not profitable and reducing them is part of GM's plan. You won't be seeing that many car auctions from rental companies cheapening GM's brand image.
    Here's what GM says in their annual report about daily rentals to rental companies.
    Certain fleet transactions, particularly daily rental, are generally less profitable than retail sales. A significant portion of the sales to daily rental car companies are recorded as operating leases under U.S. GAAP with no recognition of revenue at the date of initial delivery due to guaranteed repurchase obligations.
    Jul 1, 2015. 10:34 AM | 4 Likes Like |Link to Comment
  • U.S. auto sales growth expected to keep rolling [View news story]
    GM's plan is to reduce daily rentals to rental companies which are less profitable. So you are going to stop seeing so many cheap GM cars advertised by rental car companies.

    "Certain fleet transactions, particularly daily rental, are generally less profitable than retail sales. A significant portion of the sales to daily rental car companies
    are recorded as operating leases under U.S. GAAP with no recognition of revenue at the date of initial delivery due to guaranteed repurchase obligations."

    GM increased its sales to commercial customers, and state and local government
    fleets, which are more profitable than rental car companies.
    "Commercial deliveries up for 20th consecutive month"
    Jul 1, 2015. 09:58 AM | 1 Like Like |Link to Comment
  • U.S. auto sales growth expected to keep rolling [View news story]
    Wed, Jul 1 2015
    Highlights from GM:
    Chevrolet retail sales up 9 percent, surpassing Ford Division
    Chevrolet total pickup deliveries climb 33 percent; Silverado outsells F-Series on a retail basis
    Best June ever for Chevrolet crossovers
    GMC retail sales up 12 percent; total pickup sales up 37 percent
    Commercial deliveries up for 20th consecutive month
    Jul 1, 2015. 09:47 AM | 1 Like Like |Link to Comment
  • U.S. auto sales growth expected to keep rolling [View news story]
    GM's retail sales were very good. "Chevrolet, Buick, GMC and Cadillac dealers in the United States delivered 259,353 vehicles in June 2015. Retail deliveries climbed 7 percent year over year, and they were up more than the industry for the third month in a row. The drivers were stronger Cadillac sales, a 12 percent gain at GMC and a 9 percent increase at Chevrolet. Together, they helped make the month General Motors’ (NYSE: GM) best June for retail deliveries since 2007 and its best June for retail market share since 2011."

    "During the first half of 2015, GM gained retail market share in both the crossover and truck segments, according to J.D. Power PIN estimates. GM’s crossover share is 12.6 percent, up 0.4 percentage points compared to a year ago. GM’s truck, van and SUV share is 38.9 percent, up 2.1 percentage points.

    Most of the truck market share gain comes from the ongoing success of the Chevrolet Silverado and GMC Sierra full-size pickups, which were redesigned for the 2014 model year. Since calendar year 2013, GM’s retail share of the segment has grown 0.9 percentage points to 38 percent, according to PIN.

    Market share and average transaction prices (ATPs) were particularly strong in the second quarter of 2015. According to PIN, GM’s retail share in the segment was up 2.8 points year over year to 40.2 percent. ATPs were up almost $1,000 per unit, and incentives were flat."

    Trucks still taking share from Ford.
    Jul 1, 2015. 09:45 AM | 1 Like Like |Link to Comment
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