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Snoopy1

Snoopy1
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  • Retail car sales in China rise 14% [View news story]
    Hold on, there are recalls for GM cars? :-)
    Jul 7 01:40 PM | 1 Like Like |Link to Comment
  • GM's Compensation Policy In Perspective [View article]
    You do realize that mgmt reserves through charges for the expected cost of the recall and lawsuits, right? They will throw in everything and the kitchen sink so 2015 should be a "clean" number close to $5/share. Europe should be profitable by 2016 and the growing Chinese market will provide a tailwind for the next several years.

    The fact you think the world's #2 automaker that is growing and trading at 8x next years EPS is a "speculative" investment makes me question your basic understanding of investing.

    What do you think GM shares should trade at and how do you calculate that figure? Be specific.
    Jul 3 12:18 AM | 1 Like Like |Link to Comment
  • GM gains opportunity from recalls, customers find it a good time to buy [View news story]
    I don't remember a single bear on SA who said it was time to cover shorts. In fact, one article recommended shorting the very day of the bottom based on an expectation for continued negative news which did actually occur. What the bears missed was that the stock price reflected all the potential bad news and then some. They would probably be shorting even at $28.

    "Be greedy when others are fearful."
    -- Buffett
    Jul 2 11:15 PM | 2 Likes Like |Link to Comment
  • GM gains opportunity from recalls, customers find it a good time to buy [View news story]
    funfun,

    I still haven't heard what your GM position is. You claimed to have been both long and short. Can you explain the strategy in detail? Based on your endless bashing and predictions of further issues, why would you have any long exposure?

    What price would you buy GM at and how do you calculate fair value?
    Jul 2 11:07 PM | 1 Like Like |Link to Comment
  • GM gains opportunity from recalls, customers find it a good time to buy [View news story]
    http://onforb.es/1s0nCkP

    "And the math behind the recall doesn’t substantiate an insurmountable indictment of the company. The ratio of deaths attributed to its vehicles is far lower than the incidents/vehicles for the industry overall; in fact, they’re more in the direction of the likelihood of getting hit by lightning. That’s not to minimize even a single death, but it does suggest that the recall could be understood less as evidence of a past lapse in safety, and more as the future assertion of it."

    Not buying a GM car because of the recall is like not flying United because a tiny % of their flights crashed. Heck, Porsche had to replace the entire motor on it's GT3 because several units of this limited production model (785) suddenly burst into flames.
    Jul 2 10:47 PM | 3 Likes Like |Link to Comment
  • GM gains opportunity from recalls, customers find it a good time to buy [View news story]
    Are GM customers any more loyal than other carmakers? I know GM and Ford have loyal truck owners, but cars?

    Regardless, GM should be adding to their customer base based on their strong current product offering and the Chinese seem to like GMs and that's a big and growing market.
    Jul 2 10:43 PM | 3 Likes Like |Link to Comment
  • GM gains opportunity from recalls, customers find it a good time to buy [View news story]
    While you mentioned many good fundamental trends, you forgot the most relevant piece of data - valuation. GM is only trading at 8x next year's EPS.

    Bears hated the stock at $32 also. Where exactly do shorts think the P/E should be? 5x? Long term, China should also provide a nice tailwind.
    Jul 2 10:34 PM | 2 Likes Like |Link to Comment
  • GM gains opportunity from recalls, customers find it a good time to buy [View news story]
    funfun,

    What is your current investment position in GM? Are you still both long and short and if so, can you describe the strategy in detail?
    Jul 2 10:20 PM | 1 Like Like |Link to Comment
  • GM gains opportunity from recalls, customers find it a good time to buy [View news story]
    Thanks, I should have rolled down my 35 calls to 32s when GM hit that price but I got greedy hoping to roll down to 30s if investors panicked even further - I heard people saying it could easily break 30 on technical basis.

    I think the risk reversals are the best way to leverage upside on cheap stocks where one has confidence in likely downside. Plus you can adjust the option strikes based on market movements.
    Jul 2 10:16 PM | 2 Likes Like |Link to Comment
  • GM gains opportunity from recalls, customers find it a good time to buy [View news story]
    What is your position in GM? I assume you're short based on your numerous negative comments.

    Disclosure: long shares, January 35/42 call spreads and short 27 puts
    Jul 2 10:08 PM | 2 Likes Like |Link to Comment
  • GM gains opportunity from recalls, customers find it a good time to buy [View news story]
    1980XLS, I do find it amusing when people who haven't even gone into a GM showroom in 5 years think they know more than the professionals who test and review cars for a living.

    GM bashers seem to relish living in their own alternative universe where GM is still making Cimarrons, Vegas and Citations. Even when presented with awards, quality surveys and sales data, they just can't deal with the truth. Maybe it's some strange mental condition?
    Jul 2 10:00 PM | 4 Likes Like |Link to Comment
  • Doom And Boom At GM: More Recalls But Sales Keep Rising [View article]
    @Busavar, do you just spin every single point of data as negative? What price do you think GM is a buy at and what is your one year target? What is your position? I assume you must be short unless you just troll GM boards without any intention of taking a position.

    After it's run to $37.74, GM shares are still only 8x 2015 EPS. Do you think it should trade at 6x? 4x? 2x?
    Jul 2 09:49 PM | 2 Likes Like |Link to Comment
  • General Motors June U.S. sales [View news story]
    When you offer a good product at a fair price, sales will follow. I think GM has a much better line of cars than Ford.
    Jul 1 01:55 PM | 3 Likes Like |Link to Comment
  • General Motors June U.S. sales [View news story]
    Not sure SNL is a good source of investment advice. However, I will admit that HBO's John Oliver piece on GM was very funny. :-)

    We GM investors know that like with Toyota and Audi, this does little to change the long-term fundamental value of GM.

    I'm guessing some recall customers left their cars with the dealer mechanics, wandered into the adjacent showroom and were so impressed with the current GM lineup that they drove away with a new car!
    Jul 1 01:51 PM | 3 Likes Like |Link to Comment
  • The MasterCard Dividend Is Still In A Rocket Ship Mode [View article]
    I think the price risk for GILD are companies like ESRX which has negotiating power.
    Jun 22 10:12 PM | Likes Like |Link to Comment
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