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May 04, 2012 (12:17 pm)
I'm not sold on it, nor do I see anything special about it that would make me think it has the potential for growth. Actually I think it's opportune moment passed about 3 years ago...
Disclaimer: I am not an investor nor do I have knowledge or insider info on anything stock related. I have "gut instinct" which has gotten me into trouble about as much as it has paid off, lol (The Ford stock idea came from working in the Industry and seeing what was happening "behind the scenes")
#24265 of 32000 Re: Long Road [busiris]
May 04, 2012 (12:19 pm)
I vaguely remember that and I think you are correct...
Regarding FB, I think if anything, that whole "timeline" B.S. is driving more people away than luring them in...
#24266 of 32000 Re: Long Road [lemko]
May 04, 2012 (12:18 pm)
Lemko, do you have stock in Kramerica Corporation? The CEO has an intern from NYU, you know!
About the '56 Packards--they rode wonderfully (and I've ridden in several), but they can be a mechanical nightmare. They are solid and plush, but I'm not a fan of the high beltline and 'chunky' looks. I like them, looks-wise, better than a '54 or earlier one, though. Being a Studebaker guy, I'd prefer a '57 supercharged "Packardbaker" wagon, and I'd even consider a '58 Packard if it were a two-door hardtop. I like the proportions (hate the double fins of the '58 though), but trust me, I can see why Packard owners were disappointed then, to say the least!
Amazingly, with the exception of Caribbeans and the best Four-Hundreds out there, "Packardbakers" appear to repeatedly bring more on eBay, bodystyle for bodystyle, condition for condition, than earlier '50's Packards, despite what any value guide might say.
Among '56 Packards, I could certainly enjoy a Scottish Heather and white Four-Hundred hardtop! Beautiful interiors. Dick Teague did an excellent facelift on the '51 body without spending much money. Great taillights too of course!
#24267 of 32000 Re: Long Road [busiris]
May 04, 2012 (12:20 pm)
Didn't Cramer gain a bit of notoriety by advising folks to continue investing in Florida real estate even after the bubble had popped?
Have seen Cramer fess up to his mistakes. Don't know about Florida though.
Biden said their go-to guy on questions on the economy, financial was Jon Corzine. How is he and his investment company doing.
#24268 of 32000 Re: Long Road [anythngbutgm]
May 04, 2012 (12:25 pm)
Things like Facebook and other social media sites are very fickle. They rage until the public feels something better has arrived, then they flock to it wildly.
That doesn't mean money can't be made, but usually when these types finally make it to the IPO stage, much of the money that's going to be made... Already has been made.... For someone else.
And, the IPO system on Wall Street is "rigged" against the individual investor and geared towards the institutional investor group.
#24269 of 32000 Re: Long Road [xrunner2]
May 04, 2012 (12:27 pm)
Ergo, my point.
If you are investing YOUR $$$$ you should take the appropriate time to do the due diligence and understand what you're buying, rather than take some other guy's advice.
#24271 of 32000 Re: Long Road [busiris]
May 04, 2012 (12:34 pm)
>Didn't Cramer gain a bit of notoriety by advising
I think the problems with Jim Cramer as sugarcoated a little in this Wiki writeup. I understood his problems with the SEC or some agency were more meaningful than this article makes him seem to have had.
I personally consider him a slickster. He's out to make money -- for Jim.
#24272 of 32000 Re: GM Falls after EPS Beat; Europe is Weak and Market Share Drops [circlew]
May 04, 2012 (12:57 pm)
Even in the US market that now provides the lion’s share of its profit, GM is losing ground to the competition. North American market share has also fallen for the last three quarters, now standing at 16.4%, some 2.4% lower than Q2 2011. US dealer inventories jumped dramatically in the quarter as well, from 583,000 to 713,000. All this in the face of above-average incentives (as a % of average transaction price) and subprime financing (8.2% compared to an industry average of 6%). In light of these developments, GM’s ability to earn the majority of its profits in North America speaks to its bailout-streamlined cost structure. Still, there’s no denying that things are not headed in the right direction.
GM Europe continues to be the source of the most serious bad news, although its $300m loss is half of the Q4 2011 number. Still, restructuring and plant shutdowns will cost GM a pretty penny at some point in the not-to-distant future, and until that bitter medicine is administered, GME can only try to control its losses. GM South America turned the corner into profitability, yielding a $100m gain on its lowest production volume in over a year (albeit with steady market share).
But GM’s opaque “International Operations,” which include Korea, Australia and the crown jewel of China show some of the most troubling signs of malaise. With costs rising faster than volume and pricing gains could make up for, GMIO’s EBIT declined by $100m compared to Q1 2011. With the Chinese market cooling off, GMIO is also losing market share at a steady .1% per quarter for the last three quarters. Given how crucial China is to GM’s global future, this is not a promising development.
This is not a return to “Deathwatch” territory by a long shot, as GM still has $31.5b of government cash and equivalents on hand, and $37.3b of available liquidity. But the premise that GM simply needed a bailout in order to soar to global dominance is certainly wearing thin. And with the government waiting for an uptick in GM’s stock price to sell its stock at a politically-palatable price, mediocre results like this will allow the stigma of government ownership to linger.