BIG MACZ said:Note to self, call broker and buy GM stock, they WILL NOT go out of business. There will be a recovery.
Take a look at Gil's messege in 12 to 18 months. I would bet on his statements being correct and have a better return on that bet than buying the stock now and seeing what it will do.ghart said:GM will in all probability survive but as a completely different company. Some kind of buyout will in all probability occur. The purpose of the buyout is to eliminate the union. GM has too great a cost for labor as compared to the competition. The elimination of the union will correct that disadvantage. GM will survive as a much stronger company but buying the stock is not the way to participate in the recovery, buy GM bonds.
Even though I feel survival is in the works, things will get much uglier before it gets better. We are very early in the revitalization of the automobile industry in this country.
GRH said:Remember Chrysler.... and Harley Davidson?
No way the government allows GM to fail... imo
Nope... not kidding at all..... time will tell...Aggressor Tom said:Are you kidding, I don't think our government could careless about GM. Bush told management to basically quit whining and go build significant cars when our government was approached about making it a level playing field with the imports.
Here's one example of a GM bond that would make more money for you than the common stock with less risk.Treads said:Take a look at Gil's messege in 12 to 18 months. I would bet on his statements being correct and have a better return on that bet than buying the stock now and seeing what it will do.
Great insight Gil. :gunner:
Incorrect, the Explorer is built in Louisville Kentucky, not sure on the Tahoe, but I'm 95% sure it is built in the U.S. as well.Mr Baja Pete said:I have 2 foreign SUV's, one is a Chevy Tahoe and the other is a Ford Explorer. I beleave one is made in Canada the other is made in Mexico.