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Old 11-12-2010, 11:35 PM   #1
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So i talked to a gm retiree today who is investing quite a large sum of money in GM stocks since GM is lowering the minimum amount the average Joe can buy. GM is offering GM stocks to their employees so people can take advantage of it. the minimum amount you could invest was $500,000.
Since GM has "trimmed their fat" as he stated it, by cutting Saturn, Pontiac, ect. I guess the odds of making a profit are almost certain.

What r your thought?
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Old 11-12-2010, 11:36 PM   #2
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I would invest 20k into it and get 100k next year
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Old 11-12-2010, 11:39 PM   #3
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Thats alot of chores you would have to do
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Old 11-12-2010, 11:39 PM   #4
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yep...i wish it was summer again...
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Old 11-12-2010, 11:40 PM   #5
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Odds of a profit are never anywhere near certain. Not saying it wouldn't be smart to invest in it, but the course of the stock could change in a heartbeat
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Old 11-12-2010, 11:40 PM   #6
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With the Gov still owning a huge block of it and things like them shooting themselves in the foot with the Cruze (Making it in a historically troubled plant, spending outrageous Ad money andl not filling the Dealers Lots, Pricing that is not competitive with what it'* against) I wouldn't go near GM Stock unless you have a portion you want to devote to "Highly Speculative". GM is far from out of the woods and its supposed profits are skewed to satisfy the Public. Both by them and the Fed.
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Old 11-13-2010, 12:12 AM   #7
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GM stock value is speculative at best. They have way too much debt to make the stock a decent odds play at making it a good investment for the long haul.
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Old 11-13-2010, 12:27 AM   #8
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I wouldn't invest. To much green talk right now, car manufactures are falling all over themselves trying to look green, and they are loosing money. To many government restrictions on fleet MPG. In a down economy far less people are buying new cars, they are instead keeping their old cars and keeping them running. IMO, the garages are going to be making more money then the manufactures.
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Old 11-13-2010, 01:02 AM   #9
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I think they already are Dan. LOL. As as this green trend continues on top of the "newest things' that are added to car to attract consumers a serious deficit is occurring. People with the training, and ability to fix things when they go wrong. Before long, mechanics are going to need the time, money, and study Doctors require. IMO manufacturers are shoving to much new tech into the cars without regards to what to do when these thing go wrong under warranty. I read that brake centers are worried about going out of business because they can't afford the new computers and enormously varied software required to do what use to be simple brake jobs.
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Old 11-13-2010, 10:32 AM   #10
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Yep, equipment is a killer. Tools are bad enough, now add in diagnostic tools that cost several grand each and may only work on one brand of car. What I see here is the late 70s early 80s all over again. That'* where cars started to switch from easy to computer. Some shops couldn't get the tools needed, or the training.
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