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United Automobile Workers of America (UAW)

16738 messages,  Last post on Dec 03, 2009 at 10:07 AM

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#2909 of 16738
Re: steve host [british_rover] by fintail
Jun 26, 2008 (5:07 pm)
Reply

Replying to: british_rover (Jun 26, 2008 2:57 pm)

I think I am going to start investing in Matchbox cars and other trinkets. They couldn't do any worse than legitimate investments.
#2910 of 16738
Re: steve host [british_rover] by steve_ HOST
Jun 26, 2008 (5:47 pm)
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Replying to: british_rover (Jun 26, 2008 2:57 pm)

My portfolio has been crushed over the past week or so.
 
Good opportunity for you to buy that Ford stock you wanted to buy during the last dip.
#2911 of 16738
Re: steve host [steve_] by british_rover
Jun 26, 2008 (6:04 pm)
Reply

Replying to: steve_ (Jun 26, 2008 5:47 pm)

I have been in and out of Ford a couple of times this year but I am staying out of it right now.
 
I screwed my self a couple of months ago by not getting out when I said I would and it cost me about seven percent in gains.
 
I have three stocks that are up over 20% year to date and one that is up almost 30% but those winners are barely enough to swallow my losses in UPS, UTX and BA.
 
I should have sold UTX or BA a while ago but I screwed up and held onto them. Now I gotta decide if I should dump them and take my lumps or try and ride it out.
#2912 of 16738
Hey, fintail... by iluvmysephia1
Jun 27, 2008 (3:15 pm)
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those of us car nuts who really love the particular car they buy, will buy, tiny Matchbox and Hot Wheel models of our cars. I recently found one of the 2008 Mitsubishi Lancer Evolution(in Rally Red like my Lancer GTS!!) and pert-near jumped around like Kobe Bryant after Kevin Garnett elbowed him in the head real hard, during the pleasing recent Laker NBA Finals loss. I snapped it up like another Gary Payton steal from Michael Jordan in 1996. I asked the guy stocking at Wal*Mart if they were getting the 2008 Mitsubishi Lancer GTS in any time soon, he took a mental note of my question and told me some more stock was soon to arrive but my car didn't ring a bell with him.
 
Recently in Tucson I went to a hobby shop and spent 20 minutes or so looking hard for my '08 Mitsu Lancer GTS in "Revell plastic type" model form. One of the workers echoed my sentiment that its hard to find imports in these hobby shops. I would order one in a heartbeat on the net if I could find one.
 
Nevertheless, I put my Hot Wheel model Rally Red 2008 Mitsubishi Lancer EVO on top of my computer monitor at home. Just in front of the 1965 Ford Mustang baby blue convertible metal model on there. They're constant reminders to me of my two favorite car body designs of all time. Even though I do slightly favor my '08 Lancer GTS over the '08 Lancer EVO body. Oh, yeah, models are so cool.
#2913 of 16738
Re: steve host [gagrice] by irnmdn
Jun 28, 2008 (4:42 am)
Reply

Replying to: gagrice (Jun 26, 2008 3:20 pm)

The smart UAW guys are taking whatever buyout they are offered and heading out of Michigan.
 
Smart ones are far out numbered by dumb ones who are still holding on expecting Feds to bailout GM with tax payer dollars from filing C-11.
#2914 of 16738
UAW woes [irnmdn] by gagrice
Jun 28, 2008 (5:10 am)
Reply

Replying to: irnmdn (Jun 28, 2008 4:42 am)

I will be surprised if GM or Ford have a manufacturing facility in the USA 10 years from now.
 
When the UAW went on strike this year at the Kansas Malibu plant and the Lansing crossover plant it would have been all out war if I was GM CEO. Those strikes were just retaliatory over the AA strike. The UAW members and leadership are so obsessed with their own importance that they cannot see the impending doom. By contrast Monterey MX is booming. Maybe the UAW should send a team down to see what their secret is. They have Unions also. Maybe it is the willingness to please the employer that is the secret to their success.
 
A short list of American companies doing business in greater Monterrey: McDonald's, General Motors, Caterpillar, Ford, Motorola, IBM, Emerson Electric, Du Pont, Dow Corning, PepsiCo, Wal-Mart, Union Carbide, and Stone Container. Other foreigners with operations in the area include Germany's BASF, Belgium's Bekaert Group, and Italy's Metecno.
 
"We have more visits these days from foreign companies eager to set up a joint venture," says Rafael R. Paez, president and chief executive officer of Grupo Industrial Alfa, a $2.5 billion steel, petrochemicals, and food conglomerate.

 
Ironically Mexicans from Monterey are coming up to TX and buying foreclosed properties. They have money to spend. The money our workers pushed South.
#2915 of 16738
Re: UAW woes [gagrice] by gagrice
Jun 28, 2008 (5:25 am)
Reply

Replying to: gagrice (Jun 28, 2008 5:10 am)

Mexicans from Monterey are coming up to TX and buying foreclosed properties
 
Where have all the UAW wages gone? Well some are coming back to the USA buying back TX.
Se Habla Espanol?
 
Texas Real Estate Slump Lets Mexicans Take It Back
 
June 25 (Bloomberg) -- More than a century and a half after Mexico lost Texas to the U.S., Virgilio Garza wants a piece of it back.
 
A ``Texas for Sale'' sign and cowgirls in boots and white hats greeted Garza at the Convex center in Monterrey, Mexico, earlier this month. A Monterrey developer and investor, Garza was in search of foreclosed U.S. property to buy.
 
``Texas is like our home,'' said Garza, 45, who joined hundreds of Mexicans poring over lists of Texas properties at the four-day event. Garza, who owns manufacturing sites and other land in Mexico, said he and five partners may invest as much as $8 million in Texas. ``We believe there can be some opportunities.''
 
A rising peso and an economy growing faster than the U.S. have given some Mexicans the buying power to take advantage of the housing slump in Texas, which the U.S. annexed in 1845 after Texans gained independence from Mexico nine years earlier. A three-year war followed and ended with Mexico ceding about half its territory, including Arizona, Nevada and California, to the U.S. under an 1848 treaty.
#2916 of 16738
Re: Hey, fintail... [iluvmysephia1] by fintail
Jun 28, 2008 (4:07 pm)
Reply

Replying to: iluvmysephia1 (Jun 27, 2008 3:15 pm)

I'll admit I seek toys of my cars too. You probably won't ever find a plastic kit of a new Evo, but you will probably eventually see a scale model or perhaps a r/c car. And none of them will be made by the UAW
#2917 of 16738
Re: UAW woes [gagrice] by fintail
Jun 28, 2008 (4:09 pm)
Reply

Replying to: gagrice (Jun 28, 2008 5:25 am)

That's very interesting...a coworker of mine is originally from Mexico, and her family owns a house in Texas just over the border, they use it when they visit for shopping trips. Ridiculously cheap real estate there.
#2918 of 16738
Re: UAW woes [fintail] by gagrice
Jun 28, 2008 (4:54 pm)
Reply

Replying to: fintail (Jun 28, 2008 4:09 pm)

Ridiculously cheap real estate there.
 
My trip to TX in 2006 was to look for real estate. Maybe another retirement home. Where we liked in the Hill Country was a bit over priced at the time. May be less now. The real down side for us was the property tax. It was between 2% and 2.5% of selling price. It was reappraised every couple years. Homes we would consider were cheap by San Diego standards. Nice brick one story 3k sq ft with an acre and view was right about $300k. The taxes on that place was over $7000 per year. We don't pay that much on a $650k home here. And they cannot raise it very much each year because of prop 13. So let the Mexicans have it. Rocky and I will live elsewhere.....
 
PS
There are good jobs there with the oil booming. A place that an unemployed UAW member could maintain his lifestyle if he has any usable skills.

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