GM falls to 1950 levels

[RogerRabbit]

Back in Harly Earl's day, he wasn't making 221 times what the guy on the line was making, I can assure you.

I'm the furthest thing from a socialist, but this kind of shit is everything that is wrong with our current system.

Everybody blames the little guy, but the fat cats get a pass.

Exactly, why buy stocks of companies that are not managed well and executives that are overpaid like kings compared to their workers. Time to buy companies that pay proper compensation to all, pay dividends and are well managed, etc. Any suggestions?

For example, I wonder if Magna is going back below $5? I hate dual class voting shares, where the minority shareholders can get away with nonsense, like buying racetracks and horses...

 

[FOOTSNIFFER]

Boy, you can buy convertible preferreds of GM with a redemption value of 25 and a coupon of 6.75 percent for one fifth its value..only will cost you a fivver. I just can't see the govt. allowing these large companies failing at this delicate time for the economy....the only problem with investing in them now is that there are just so many excellent companies with fewer problems, selling for less than their net cash/share. In fact, according to Bloomberg, almost ten percent of NYSE stocks are at these cheap levels....Hmmm, time to put some money to work.

 

[Keebler Elf]

The government won't let the auto industry collapse. But that's a lot different than allowing individual companies to fold and/or be absorbed into other companies.

I don't think the government should prop up the Big Three. Time to consolidate. And for that to happen, the egos in each company need to have the rug pulled out from under them.

 

[james t kirk]

The government won't let the auto industry collapse. But that's a lot different than allowing individual companies to fold and/or be absorbed into other companies.

I don't think the government should prop up the Big Three. Time to consolidate. And for that to happen, the egos in each company need to have the rug pulled out from under them.

The British Gov't tried the same thing back in the late 60's early 70's with British Leyland (Jaguar, Rover, Triumph, Austin, MG, whatever else.)

At one time, BL was the third largest Auto manufacturer in the world.

Now they are gone.