- #3888 of 3958
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Re: Why businesses fail [steve_]
by gagrice
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May 12, 2009 (8:57 pm)
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Replying to: steve_ (May 12, 2009 8:35 pm)
The ties are very close. The auto industry will have to go off shore to survive. A company cannot pay $30 per hour for unskilled labor to make the small cars that are going to be mandated to save fossil fuel. The current rounds of bailouts are just paybacks for votes. Even Obama knows that GM cannot survive with their debt load and the UAW noose around their neck. When the gravestone is set it will read 'here lies GM brought down by those that were greedy". GM never learned that they were competing against other companies. They kept believing that US consumers would buy whatever they shoved out the door. Wagoner was too busy stashing his $15 million a year to pay any attention to the company.
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- #3889 of 3958
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Re: Why businesses fail [gagrice]
by steve_ HOST
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May 12, 2009 (9:06 pm)
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Replying to: gagrice (May 12, 2009 8:57 pm)
Off-shore may not remain all that cheap for long. Mexico was hot and now it's not.
Let 'em come to Boise; we already make big honking diesel locomotives here, so why not some econoboxes? I don't know what the pay is but the benes are good.
Here's a nice graph for you btw - GM stock price since 2004:
GM Executives Cash Out As Bankruptcy Looms (Inside Line)
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- #3890 of 3958
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Re: Why businesses fail [steve_]
by gagrice
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May 12, 2009 (9:29 pm)
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Replying to: steve_ (May 12, 2009 9:06 pm)
Why did Ford go down so much today? Did I miss some important news? I was flying high on Ford stock after buying in at $1.76. I hope it was just day traders taking profit.
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- #3891 of 3958
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Re: Why businesses fail [gagrice]
by steve_ HOST
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May 12, 2009 (9:38 pm)
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Replying to: gagrice (May 12, 2009 9:29 pm)
Your stock got watered down. Ford is issuing new shares to raise more money.
Let's see - here we go - UPDATE: Ford Motor Sells 300M Shares Of Stock, $4.75/Shr (Wall St. Journal)
Here's the AutoObserver blurb.
Ford hit ~$6 a share recently. It'll be interesting to see if and when they get back there.
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- #3893 of 3958
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Re: Why businesses fail [steve_]
by pf_flyer HOST
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May 13, 2009 (3:09 am)
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Replying to: steve_ (May 12, 2009 9:38 pm)
Ford and GM stocks started moving in different directions just about the time that Ford announced they wouldn't be taking bailout money. Coincidence?
Head To Head
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- #3894 of 3958
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Re: Why businesses fail [pf_flyer]
by bpizzuti
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May 13, 2009 (4:38 am)
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Replying to: pf_flyer (May 13, 2009 3:09 am)
Ford and GM stocks started moving in different directions just about the time that Ford announced they wouldn't be taking bailout money. Coincidence?
Nope. They knew bailouts would dilute the stock value, not to mention reducing the power of shareholders.
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- #3895 of 3958
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Re: Why businesses fail [steve_]
by gagrice
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May 13, 2009 (4:51 am)
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Replying to: steve_ (May 12, 2009 9:38 pm)
I thought I was going to be rich when "F" hit 6 bucks. Oh well, I am still doing well on it. It has helped my sickly 401K. I am not sure how they can just decide to issue more stock. Seems so underhanded. I really gave up trying to figure out the market years ago. Let Fidelity worry about it. I do much better buying and selling real estate. Anyone like to buy the Renaissance Center in Detroit? Good long term tenants. 
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- #3896 of 3958
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Re: Why businesses fail [gagrice]
by lemko
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May 13, 2009 (6:41 am)
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Replying to: gagrice (May 13, 2009 4:51 am)
Renaissance Center? They should've called it the "False Dawn." Look for Detroit to become like cities on the show "Life After People." It'll give us an idea of what happens to an abandoned city without the aid of computer graphics.
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- #3897 of 3958
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Re: Why businesses fail [lemko]
by ruking1
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May 13, 2009 (6:54 am)
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Replying to: lemko (May 13, 2009 6:41 am)
Indeed ! Sadly( - my .02cents) or happily, that has been happening across America for many many years. Why should cities be spared?
Given our short history as a nation, since "1776" 233 years, it has been more of an ongoing process, rather than a more recent phenon.
But it is interesting that the urban boundary around Washington DC, as grown almost exponentially during the same time.
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