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Snoopy1

Snoopy1
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  • 2 'Safety' Stocks I'm Considering Buying [View article]
    I meant 3-4 multiple points so with 23.5x current forward P/E, the stock would be at 20x.
    Apr 14 03:36 PM | Likes Like |Link to Comment
  • 2 'Safety' Stocks I'm Considering Buying [View article]
    I agree about SBUX, but even after the drop, it's still not cheap at 23.5x forward EPS but quality stocks are rarely cheap. Best strategy is to buy and sell 10% OTM covered calls.

    As a "forever stock", I worry about the impact of global warming on coffee bean prices, but all the competitors have the same raw materials and SBUX seems able (though reluctant) to pass on these costs.

    I also worry about Schulz leaving someday - as you said, he seems like a very ethical guy and a real innovator but I think 3-4 points of P/E are directly based on his stewardship.
    Apr 14 12:26 PM | Likes Like |Link to Comment
  • General Motors - The Story Just Keeps Getting Worse [View article]
    http://on.wsj.com/1kPHR5c
    Apr 14 03:03 AM | 1 Like Like |Link to Comment
  • General Motors - The Story Just Keeps Getting Worse [View article]
    @Lakeaffect,

    So German unions work to suppress wages? The average auto worker in Germany made $67.14 per hour in salary and benefits; the average one in the U.S. made $33.77 per hour. Unions are seen as partners and German companies collaborate with them and pay them very well so they work together to maximize productivity.

    But why let facts get in your way of your claims?

    http://onforb.es/103agdH
    Apr 14 02:55 AM | 6 Likes Like |Link to Comment
  • General Motors - The Story Just Keeps Getting Worse [View article]
    @Michael, so "companies with low price to earnings multiples earn those multiples"?

    You might want to remove the "contrarian, deep value" from your microbio as it's clear you're neither. BTW, many of the world's savviest value investors own GM.
    Apr 13 08:42 PM | 5 Likes Like |Link to Comment
  • General Motors - The Story Just Keeps Getting Worse [View article]
    From your article:

    "General Motors Co (GM.N), the No. 1 U.S. automaker, received eight segment awards, tops in the industry, and all four of its brands finished above the industry average. Its luxury Cadillac brand was one of the biggest gainers in the survey, jumping 11 spots to rank as the third most reliable."

    Looks like GM has made great strides in quality post-bankruptcy and there's no reason to think long-term reliability will not follow this trend, not to mention desirability based on the very strong reviews of it's current lineup. Your contention that GM products are of low quality is contradicted by current data.
    Apr 13 06:07 PM | 4 Likes Like |Link to Comment
  • General Motors - The Story Just Keeps Getting Worse [View article]
    VW seems to do well with their strong Labor Works Councils.
    Apr 13 02:52 PM | 4 Likes Like |Link to Comment
  • General Motors - The Story Just Keeps Getting Worse [View article]
    Please read this article about the current GM culture and product focus:

    http://cnnmon.ie/1kkFjZX

    In addition, I guess the experts who evaluate cars for a living know less than you about the quality of GM's offerings, not to mention GM's own customers (J.D. Powers survey).

    Good investors take advantage of panic from temporary events and misconceptions of others.
    Apr 13 10:44 AM | 4 Likes Like |Link to Comment
  • General Motors - The Story Just Keeps Getting Worse [View article]
    @Piston, I agree completely. I think the current $30-32 area looks very interesting. This is clearly a temporary event just like F and TM's recalls.

    All of these issues were based on pre-bankruptcy decisions and it seems GM truly is different now. In the last few years, it finally realized that the better product is going to win out and GM really does understand that it can't just be about the nickels and dimes of the business all the time. The latest products show this complete change in focus - I hated GM products five years ago but now would consider buying many of them - especially the CTS VSport.

    Any good investor realizes a stock's value is based on many years of future cash flows, and GM (despite the ranting naysayers) is fully engaged in building good cars/trucks and Europe should breakeven in 2015 and China provides a strong tailwind for the next decade.

    "If you look at anything that's been conceived post-bankruptcy, it's been very, very good, just right down the line,"
    -- Jake Fisher, head of auto testing at Consumer Reports.

    http://cnnmon.ie/1kkFjZX
    Apr 13 10:32 AM | 1 Like Like |Link to Comment
  • GM Has Shaky Knees And Could Collapse Soon [View article]
    Friday afternoon, the company commented on Twitter that the 2011 email Barra received was unrelated to the ignition switch recalls.
    Apr 11 05:21 PM | 3 Likes Like |Link to Comment
  • GM Has Shaky Knees And Could Collapse Soon [View article]
    @Lakeaffect,

    Yes, and they were right - the products introduced in the past 1-2 years have been getting rave reviews and are high quality based on objective measures. If you're going to ignore a company's products, international opportunities and financials, you shouldn't be investing.
    Apr 11 04:22 PM | 6 Likes Like |Link to Comment
  • GM Has Shaky Knees And Could Collapse Soon [View article]
    @Lakeaffect, GM gets the benefit of lower debt and the bailout going forward and the improvement in product has been dramatic if you actually listen to the auto experts (car magazines, Consumer Reports etc.) and the quality has also increased (#1 J.D. Power). You claiming otherwise doesn't make your claim valid.
    Apr 11 03:51 PM | 4 Likes Like |Link to Comment
  • GM Has Shaky Knees And Could Collapse Soon [View article]
    Good advice IMHO. Be greedy when others are fearful. I think January 32/37 call spreads are reasonable now if one desires a set limited downside or maybe the B warrants if you see a panic capitulation over the next few weeks.

    @Raven, where is your expected buy point and how do you come to it - technicals, valuations off 2015 EPS etc.?
    Apr 11 12:17 PM | Likes Like |Link to Comment
  • Back To Neutral On General Motors [View article]
    @xamd, furthermore, the bailout was a huge financial success given that the $10Bn net loss prevented $100Bn+ of economic and unemployment losses and we still have a manufacturing base.
    Apr 10 02:01 PM | 1 Like Like |Link to Comment
  • CBS taps Colbert to replace Letterman [View news story]
    Stephen Colbert is a good choice, but I assume he'll need to ditch his character if CBS wants to keep conservative viewers. Unfortunate given "Stephen" is a satirical masterpiece.
    Apr 10 12:24 PM | 1 Like Like |Link to Comment
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