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Thread: GM's return to top continues as it rejoins S&P 500

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    Re: GM's return to top continues as it rejoins S&P 500

    Quote Originally Posted by Fenton View Post
    Some guy posted a video on you tube of his attempting to interview Obama supporters. It was a lesson in self control for me, as I just couldn't fathom that there were people that stupid voting in our elections.
    You and Grant need to visit a tailor I know who sells incredibly beautiful clothing that only smart people like you can see. You would love the stuff he sells.

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    Re: GM's return to top continues as it rejoins S&P 500

    Quote Originally Posted by Grant View Post
    And Californians are quickly becoming familiar with all of them.
    LOL....I've been hearing those doom and gloom predictions from the right-wing for the last 2 decades......and California is still the crown jewel of the United States.
    <font size=5><b>Its been several weeks since the Vegas shooting.  Its it still "Too Early" or can we start having the conversation about finally doing something about these mass shootings???​</b></font>

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    Re: GM's return to top continues as it rejoins S&P 500

    Quote Originally Posted by Visbek View Post
    Uh, not quite.

    Any agreement would need union support, due to the pension obligations.

    No one in the private sector was remotely interested in buying GM. "Managed bankruptcy" was not an option -- if it was, the execs would not have crawled to DC to beg for a bailout.

    A stock with crappy fundamentals and no future isn't going to go up, even in a bull market. Apple, which is still killing it in terms of profits and cash on hand, has had its stock price drop for the past 9 months.
    You really believe if the unions hadn't existed, that GM would have been saved? Obama spent every waking second bashing big business. Then suddenly, he steps up and saves them.
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

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    Re: GM's return to top continues as it rejoins S&P 500

    Quote Originally Posted by upsideguy View Post
    Its not a fraud, GM was bankrupt... the stockholders get nothing in a bankruptcy. That is the way it works.

    False. Preferred investments get first pick of the assets when a company files for bankruptcy, the unsecured investments divide what is left over. The Unions held unsecured investments but were paid first anyway by order of the White House who oversaw the restructuring.

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    Re: GM's return to top continues as it rejoins S&P 500

    I must have missed the discussion, but GM has returned to the top of what?

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    Re: GM's return to top continues as it rejoins S&P 500

    i miss Pontiac. hope that the brand is revived at some point. the Solstice was one of the coolest affordable cars ever made. you can't put anything bigger than a bologna sandwich in the "trunk," but that's the case for most two seaters, and it's like driving the batmobile. my folks have one of these, and it's awesome.

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    Re: GM's return to top continues as it rejoins S&P 500

    Quote Originally Posted by upsideguy View Post
    GM made $.58/share in the first quarter and had positive cash flow from operations of $500B. The free cash flow is a non-GAAP financial metric which deals with the ability of a company to cover its capital investment (not service its debt) out of cash flow. It might be like measuring your ability to payoff (as in eliminate) your mortgage out of your net salary for the year (as opposed to measuring your ability to make your mortgage payments).
    GM had positive cash flow from operations of $500 BILLION?

    I think you need to revist your numbers.

    Consider also the fact their underfunded pension liability has been increasing - one of the unsustainable liabilities that forced it into bankruptcy in the first place. Also, the North American UAW/GM contract is little changed from the contract put in place prior to demise of the old GM. Also, don't forget GM was given a $42 billion tax gift from the Obama Administration.

    Don't get me wrong, I want GM to survive. I own two GM cars. However, this PR crap being floated out to try to up the share price to lower the loss on our money is bogus.

    The money we have lost could have covered the total underfunded pension liability at the time GM went bankrupt. Now that liability is even higher.

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    Re: GM's return to top continues as it rejoins S&P 500

    Quote Originally Posted by pbrauer View Post
    All the credit markets were closed at the time, it was Uncle Sam or nothing. Today there is approximately 1 million people working because of the bailout of GM and Chrysler. The citizens of Ohio showed their appreciation to President Obama by voting for him. Oh and all those workers are paying their share of FIT.
    They would have gotten jobs with other car compsnies when they absorbed the void that GM's closiong would have created.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: GM's return to top continues as it rejoins S&P 500

    Quote Originally Posted by Visbek View Post
    Net margin has been consistently in positive territory since March 2010. Stock is doing OK. Analyst opinion is mostly hold or buy, with some sell. GM, Ford, Chrysler are all apparently gaining market share.

    Seems a bit early to declare it a permanent success, but they certainly have a better shot than if they went belly up in 2007.
    No auto manufacturer in the world had the ability to make up for the loss of millions of cars GM was producing and selling at the time of the BK action. GM would never have closed it's doors. Not ever. The reason nobody stepped forward to buy the company, reorganize it, and capture the tremendous value of it's brands and manufacturing facilities is because the Obama Administration and Democrats in Congress didn't want anyone to buy it.

    GM's pension program is the largest in the United States by a staggering number. AT&T is the second largest plan, and it's a fraction of the size of GM's plan. GM's UAW pension plan will likely eat GM alive, again.

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    Re: GM's return to top continues as it rejoins S&P 500

    Quote Originally Posted by AliHajiSheik View Post
    I must have missed the discussion, but GM has returned to the top of what?
    The top of the political immunity list. i.e. they don't have to worry about being targetted by the IRS, or the EPA.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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