Last post on May 23, 2013 at 5:33 AM
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Chevrolet, Ford, Dodge, Car Comparisons, Automotive News
#38 of 1551 Re: Buffett [fho2008]
Feb 16, 2013 (8:25 am)
Ironically, he actually switched over to a Cadillac a few years back after being a long term Lincoln driver.
#39 of 1551 Re: Chevy Equinox [circlew]
Feb 16, 2013 (8:37 am)
No doubt that GM is a hard one to get your hands around as an investor. Does North America get into consolidation down the road? Do gas prices really go down in a few years helping higher margin truck and crossover sales where GM is a big player? Does a foreign, maybe Chinese firm make a buyout try for GM? As for Europe, there are several ways to look at it. That market looks ripe for consolidation because the government's probably can't keep carrying unprofitable, marginal brands while their economy's are in stress. It doesn't seem clear where they are in the business cycle either. For example, one of the reasons the Oakmark International Fund has done so well recently is that it made an unpopular, but successful bet that European banks were near the bottom. Could that be happening to the automakers down the road over there and the car market? If so, who benefits most; European factories or Asians? Warren Buffett made his fortune as a value investor, so I'd suspect he thinks GM is going to turn around. Remember that value investors (as opposed to growth) tend to buy early when things are ugly and are more willing to use patience and hold a stock.
#41 of 1551 Re: Buffett [berri]
Feb 16, 2013 (9:20 am)
And he bought a railroad recently. Bought, not invested in, he owns it.
#42 of 1551 Re: Chevy Equinox [berri]
Feb 16, 2013 (9:23 am)
Gas prices do not go down $4, get used to it, but I guess you are as we both drive 4 cyl turbos!
#43 of 1551 Re: Buffett [fho2008]
Feb 16, 2013 (9:59 am)
Incidentally, when he first bought into railroads some investors proclaimed he was making a mistake and it took several years to pan out. But man, did it pan out! Personally, I respect Buffett and I'm a fan. But I also tremendously respect him. Not just as an investor, but as a person. There are a lot of wealthy people like him that aren't loud mouth, ostentatious and obnoxious. Buffett lives a quiet life style and is a generous contributor to charitable causes.
Who really knows what will happen with gasoline prices. There are more than a few economists and investors that think we're nearing a top this year and then prices will come down due to fuel efficiency increasing along with production. I haven't a clue what will really happen. I tend to use $5/gallon when I'm considering them.
#44 of 1551 Re: The 2014 Chevrolet SS [bpizzuti]
Feb 16, 2013 (10:12 am)
The LED fogs are a little garish given how sedate the sedan is in general, but other than that, it's not bad looking, could be a real sleeper. Frankly, I'd say make a V6 version and dump the planned Impala entirely.
Is the platform being imported from Australia like the G8, and GTO was? If so, I know it was expensive for GM to bring those cars over, so I if they are doing something similar with the SS, a lower cost, high production model could be cost prohibitive. I'd think it comes down to where it's being built.
Overall I like it.
#45 of 1551 Re: The 2014 Chevrolet SS [dieselone]
Feb 16, 2013 (10:34 am)
I like the car, but I detest that it's built in Australia.
#46 of 1551 Re: The 2014 Chevrolet SS [uplanderguy]
Feb 16, 2013 (12:39 pm)
Dunno, let GM-USA focus on trucks and crossovers, GM-Europe can do sporty small cars, GM-DAT the tiny cars, and the Aussies can do this and a ute.
What's a ute?