General Motors

Sounds reasonable enough

 

I hear you. I don't think anyone likes the idea of the bailout, but I can't blame Obama for trying to save all those jobs at the time

 

I may need to start watching you as a contrary indicator....

how do you feel about AAPL?

 

It's down in Euro's.

 

GM’s First Quarter May Be Most Profitable in 11 Years on Sales
By David Welch and Craig Trudell - May 3, 2011 9:00 PM PT

General Motors Co. , the largest U.S. automaker, may report $1.74 billion in net income for the three months ended in March as rising sales in the U.S. and China helped the company to its best first quarter since 2000. Photographer: Rick Maiman/Bloomberg
GM’s First Quarter May Be Most Profitable in 11 Years

The automaker’s performance and the market’s reaction will help determine how quickly the U.S. Treasury Department can start selling the remaining 33 percent stake held in the company. Photographer: Jeff Kowalsky/Bloomberg

General Motors Co. (GM), the largest U.S. automaker, may report $1.74 billion in net income for the three months ended in March as rising sales in the U.S. and China helped the company to its best first quarter since 2000.

Earnings probably rose 63 percent from $1.07 billion a year earlier, according to the average of four analysts’ estimates compiled by Bloomberg. The results, to be released tomorrow, would be the fifth straight quarterly profit for the Detroit- based automaker since emerging from bankruptcy in July 2009.

http://www.bloomberg.com/news/2011-...profitable-in-11-years-as-u-s-sales-rise.html

 

Oh boy...

So sad. I am really not laughing it's just sad.

Next up reverse split?

 

52 week high: 40$

Today: 22$.

Look at another big victim of the crash of 08.

C

52 week high: 51$

Today: 27$

It's amazing how much money you can lose buying companies that people lost 100% of their money on before!

Mindbogling.

 

You're a fucking moron

 

So, what's the plan...Buy on the next restructuring and the next 10 for 1 split?

 

At a computer expo (COMDEX), Bill Gates reportedly compared the computer industry with the auto industry and stated: “If GM had kept up with technology like the computer industry has, we would all be driving twenty-five dollar cars that got 1000 miles to the gallon.”

In response to Bill’s comments, General Motors issued a press release stating (by Mr Welch himself):

If GM had developed technology like Microsoft, we would all be driving cars with the following characteristics:


1. For no reason whatsoever your car would crash twice a day.

2. Every time they repainted the lines on the road you would have to buy a new car.

3. Occasionally your car would die on the freeway for no reason, and you would just accept this, restart and drive on.

4. Occasionally, executing a maneuver such as a left turn, would cause your car to shut down and refuse to restart, in which case you would have to reinstall the engine.

5. Only one person at a time could use the car, unless you bought “Car95″ or “CarNT.” But then you would have to buy more seats.

6. Macintosh would make a car that was powered by the sun, reliable, five times as fast, and twice as easy to drive, but would only run on five per cent of the roads.

7. The oil, water temperature and alternator warning lights would be replaced by a single “general car default” warning light.

8. New seats would force everyone to have the same size butt.

9. The airbag system would say “Are you sure?” before going off.

10. Occasionally for no reason whatsoever, your car would lock you out and refuse to let you in until you simultaneously lifted the door handle, turned the key, and grab hold of the radio antenna.

11. GM would require all car buyers to also purchase a deluxe set of Rand McNally road maps (now a GM subsidiary), even though they neither need them nor want them. Attempting to delete this option would immediately cause the car’s performance to diminish by 50% or more. Moreover, GM would become a target for investigation by the Justice Department.

12. Everytime GM introduced a new model car buyers would have to learn how to drive all over again because none of the controls would operate in the same manner as the old car.

13. You’d press the “start” button to shut off the engine.