GM Stock
Thread Starter
Instructor
Joined: Mar 2005
Posts: 214
Likes: 1
From: San Diego CA
GM Stock
I know we are all ga-ga over our Vettes but what do y'all think of the rest of GM's lineup. I am trying to decide what to do with my GM stock which has been churning sideways for months. Do you love GM enough to put your money into them?
Racer
Joined: Jun 2001
Posts: 287
Likes: 0
From: fresno ca
keep your stock. Wait till the new camaro comes out and see what happens then i think that gm will rebound i know that one car can't make or brake a company but the camaro was always a good selling car. it will bring people in to the dealers. Chevy makes good trucks but it car line su@ks. except for the vette. just my 0.02. o ya we need to get g.w.bush out of the white house. he put the county in the toilet.
Last edited by TEDDYNYC; Jun 11, 2007 at 02:04 AM.
Le Mans Master
Joined: Aug 2005
Posts: 6,709
Likes: 1
From: Pacific Northwest
St. Jude Donor '06
keep your stock. Wait till the new camaro comes out and see what happens then i think that gm will rebound i know that one car can't make or brake a company but the camaro was always a good selling car. it will bring people in to the dealers. Chevy makes good trucks but it car line su@ks. except for the vette. just my 0.02. o ya we need to get g.w.bush out of the white house. he put the county in the toilet.
CF Senior Member
Joined: Feb 2006
Posts: 23,313
Likes: 25
From: Tucson Arizona
You don't give enough specific information to make a qualified recommendation. UBS has a target price on GM lower than where it's at now (but UBS doesn't always bat 1000). I sold half my GM quite a while back but couldn't resist buying a little more when it was way down.
I don't try to be sentimental about any stock and I don't invest for the short term. I've owned some GM for 25+ years. What little GM I have I'm holding. My averaged basis is what I consider low. I still have (guarded) faith in GM stock over the long term...it could be years.
I don't try to be sentimental about any stock and I don't invest for the short term. I've owned some GM for 25+ years. What little GM I have I'm holding. My averaged basis is what I consider low. I still have (guarded) faith in GM stock over the long term...it could be years.
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Race Director
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Team Owner
Joined: Feb 2001
Posts: 27,254
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From: Short Hills, NJ
I was buying/selling it back and forth (held 10k shares at one point) around a year and half ago when it was roughly $19.00 share...all things considered I should've held onto it LOL.
Team Owner
Joined: Jun 2001
Posts: 26,714
Likes: 344
From: Houston, TX
I don't buy individual stocks, nor do I make recomendations. But I will say that I follow all types of cars and know an awful lot about what's out there. I think GM is making major strides towards bringing out much better products. They are now well ahead of Ford and Chrysler in this regard.
The biggest hurdle for any of the U.S. auto manufacturers is the tough job of quality and resale value. I think many people (myself included) have been burned so long that it takes a while to overcome this. Escpecially on resale value. This can only happen when they quit building to a volume, and then forcing the volume with incentives that devalues resale. Dumping cars to fleets (such as rental cars) doesn't help either.
The biggest hurdle for any of the U.S. auto manufacturers is the tough job of quality and resale value. I think many people (myself included) have been burned so long that it takes a while to overcome this. Escpecially on resale value. This can only happen when they quit building to a volume, and then forcing the volume with incentives that devalues resale. Dumping cars to fleets (such as rental cars) doesn't help either.
Advanced
Joined: Mar 2007
Posts: 81
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From: Austin Tx
There's always AAPL, Apple's had a hell of a run for the past 2 years...iPhone certainly isn't going to hurt.
Race Director
Joined: Mar 2005
Posts: 10,399
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From: Austin Texas
I bought and held stocks strictly on income, not whether the stock was increasing or decreasing in value. GM was a 4%+ return on investment, Ford was a 5% return on investment. GM cut their dividend in half, I sold the stock. Ford cut their dividend completely, I sold the stock. As luck would have it I made $$ on both stock sales as well as the years of dividends. I have no intention of buying any automotive stock in the near future.
As an investment buying GM stock is a better idea than buying a new 'Vette.
As an investment buying GM stock is a better idea than buying a new 'Vette.
Thread Starter
Instructor
Joined: Mar 2005
Posts: 214
Likes: 1
From: San Diego CA
Hmm... all excellent points. I believe I will be selling by the end of the week. I was about to sell on Thurs last week then it went up 4.5%. I believe I will see if I can get 32, then sell.
Racer
Joined: Apr 2006
Posts: 253
Likes: 0
From: Chicago
A good stock and a good company are not the same thing.
Your investment in GM stock depends on a lot of things, including other holdings, your objectives and constraints. If you are employed by GM, a supplier, or a related company, owning GM stock is not a good idea. It gives you an undesirable correlation in that your assets are tied up with the well being of your employer. The tendency is to believe in the company you work for, but the combination creates unnecessary risk. You want to be able to rely on one when the other is down.
I am not an automotive sector analyst (maybe that's a good thing) but I think GM stock could be a good investment. I doubt cars like the Camaro will add a lot to their earnings - look at the Mustang - but cars like the Saturn Aura, Impala and Malibu will make more of a difference. Given those models appear to be heading in the right direction, I think there is further upside.
The stock is probably going to level out for the next few months as it has stopped getting attention from market timers related to the Tracinda effort. If you can hold onto it for a while it is probably worthwhile, however, if you have the next Apple Inc. (not the current Apple Inc.) at the ready then it might be a good time to exit.
Your investment in GM stock depends on a lot of things, including other holdings, your objectives and constraints. If you are employed by GM, a supplier, or a related company, owning GM stock is not a good idea. It gives you an undesirable correlation in that your assets are tied up with the well being of your employer. The tendency is to believe in the company you work for, but the combination creates unnecessary risk. You want to be able to rely on one when the other is down.
I am not an automotive sector analyst (maybe that's a good thing) but I think GM stock could be a good investment. I doubt cars like the Camaro will add a lot to their earnings - look at the Mustang - but cars like the Saturn Aura, Impala and Malibu will make more of a difference. Given those models appear to be heading in the right direction, I think there is further upside.
The stock is probably going to level out for the next few months as it has stopped getting attention from market timers related to the Tracinda effort. If you can hold onto it for a while it is probably worthwhile, however, if you have the next Apple Inc. (not the current Apple Inc.) at the ready then it might be a good time to exit.
Last edited by johnei; Jun 11, 2007 at 12:11 PM.
Team Owner
Joined: Feb 2001
Posts: 27,254
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From: Short Hills, NJ
), sometimes you gotta be a little patient. 
Race Director
Joined: Dec 2002
Posts: 10,468
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From: Wayne Township WI
keep your stock. Wait till the new camaro comes out and see what happens then i think that gm will rebound i know that one car can't make or brake a company but the camaro was always a good selling car. it will bring people in to the dealers. Chevy makes good trucks but it car line su@ks. except for the vette. just my 0.02. o ya we need to get g.w.bush out of the white house. he put the county in the toilet.
ier than a sh**house rat. 