GM stock, a good buy?

[Pure Energy]

I can only look at it and think it has to up!! Between Gov. bailout, restucturing, etc. can GM pull itself up?

I would love to know what I might be missing. Is $1.34 a good price to start buying?

 

[Bobcat]

was discussed last week

http://www.seriousoffshore.com/forums/showthread.php?t=7579

 

[BBB725]

I can only look at it and think it has to up!! Between Gov. bailout, restucturing, etc. can GM pull itself up?

I would love to know what I might be missing. Is $1.34 a good price to start buying?

It depends on how much risk you want to take. It's priced low because of that, if everything goes bad maybe the government, as it has done already, will give your value to someone else. Just go in with your eyes wide open, because any time you deal with the government they can change the rules at anytime.

 

[MarylandMark]

"GM, good bye" would make more cents

 

[Ratickle]

It depends on how much risk you want to take. It's priced low because of that, if everything goes bad maybe the government, as it has done already, will give your value to someone else. Just go in with your eyes wide open, because any time you deal with the government they can change the rules at anytime.

Hasn't the government already said, best case, 1 share of the new stock for every 10 shares class A current stock??

 

[Pure Energy]

I know its been talked about but thought I'd find some new insight

 

[Dude! Sweet!]

Thank you, I needed a good laugh this morning.

 

[fund razor]

Anybody else get a love letter from the new CEO this week? I did. Pretty funny... they called their situation a "court supervised re-invention of the company" and vowed that they would be there for us, the customer... and that I might like to use the attached coupon for $2700 off of a GM vehicle.

 

[Wardey]

I've already lost enough money in GM stock. I'm staying clear. Dave

 

[RLJ676]

I can only look at it and think it has to up!! Between Gov. bailout, restucturing, etc. can GM pull itself up?

I would love to know what I might be missing. Is $1.34 a good price to start buying?

NOOOO!

The odds of the shareholders of "old GM" after the GM 363 sale recieving anything seems very, very slim. All other debts must be paid first I believe. I wouldn't buy it.

 

[ImaPoser]

Anybody else get a love letter from the new CEO this week? I did. Pretty funny... they called their situation a "court supervised re-invention of the company" and vowed that they would be there for us, the customer... and that I might like to use the attached coupon for $2700 off of a GM vehicle.

It went straight from the mail box to the trash can. Unopened. I'll look at them again when they make something that I find not ugly.

 

[OldSchool]

Anybody else get a love letter from the new CEO this week? I did. Pretty funny... they called their situation a "court supervised re-invention of the company" and vowed that they would be there for us, the customer... and that I might like to use the attached coupon for $2700 off of a GM vehicle.

I got one of 'em, I read it......then threw it in the trashcan.

 

[fund razor]

I shredded mine.

 

[JupiterSunsation]

I got 5 letters (bought 5 company trucks).........if I could lump all the rebates together I would buy a new 2500 crew duramax..... Love the product but just not the payment!