congrats to GM today

[glovesetc]

on their lowest market cap {3,6 billion} since 1924 - way to go Waggoner ! I also congratulate you on the lowest per share stock price since 1952 - yes you are turning the company around big time . Guess that 25 Billion the tax payers lent the auto companies is going to vanish as well !!!! I have been out of the stock market all except for 10,000 shares of National City Bank I bought at $1.68 a share last week for basically 3 years . Timing is everything folks !!!!!!!

[Guynoire]

General Motors is a good buy, they're paying over 13% dividends!

[glovesetc]

they are going down big time ! Will they survive ? I personally do not think the government can let them go out but if you bail them out too you might as well send everybody a check for $1,000,000.00 and tell them to enjoy !!!!!A surprise too was Ford - lowest since 1941 - lol!!!! Make crappy cars and SUV's and then you wonder why you are going down the tubes ???? Course gas guzzlers are where the profit was and I say was . Gas here is $2.96 a gallon for regular . Peoples habits have changed and the american automakers did not seem to notice .The dividend will be the first thing to go as well under any refi agreements - bank on it !!!

[Guynoire]

I gotta disagree with you there. I think that the recent GM stock plummet isn't based on any new information, but rather just the panic and wild market volatility following the financial collapse. Even if GM were a high risk stock, which I don't think it is, 13% return is still better than most junk bonds.

[glovesetc]

but I think people finally wised up they are way behind in the world auto racwe and the big fact is that very few can get credit as well which is hurting all manufacturers. I would buy it maybe tomorrow if itgets killed or ford tomorrow on the close - maybe 10,000 shares and take a flyer on it .

[zengrifter]

Originally Posted by glovesetc

on their lowest market cap {3,6 billion} since 1924 - way to go Waggoner ! I also congratulate you on the lowest per share stock price since 1952 - yes you are turning the company around big time . Guess that 25 Billion the tax payers lent the auto companies is going to vanish as well !!!! I have been out of the stock market all except for 10,000 shares of National City Bank I bought at $1.68 a share last week for basically 3 years . Timing is everything folks !!!!!!!

Don't blame them. Larouche says that they represent the best of the physical tool and machinery-based industry America has, and that they were targeted for disinigration. Dismanteling the very capacity that lies at Her bedrock. zg

[glovesetc]

Originally Posted by zengrifter

Don't blame them. Larouche says that they represent the best of the physical tool and machinery-based industry America has, and that they were targeted for disinigration. Dismanteling the very capacity that lies at Her bedrock. zg

If that is the best America has to offer zen we are in deep dodo . Can you say banana republic 4 times fast ????

[ChefJJ]

Originally Posted by Guynoire

General Motors is a good buy, they're paying over 13% dividends!

As a company's free cash melts away, so does the dividend. I'm a divy guy myself, but no cash = no div.

[glovesetc]

and once the dividend says good night the stock will come down harder my friend - seen it a hundred times over the last 40 years my friend !!!! Used to be as good at pickling stocks as I am at football now - so I know what I am talking about . Here free tip - tomorrow go buy a 2,000 shares of nat city - you will send me a nice gift after you sell it in 2 weeks !!!! Thanks in advance for the gift - franklins preferred but will accept Kruggerandsm gold maple leafs , silver bars { 1000 ounce variety } or american gold eagles !!!!!

[ChefJJ]

Originally Posted by glovesetc

Here free tip - tomorrow go buy a 2,000 shares of nat city - you will send me a nice gift after you sell it in 2 weeks !!!!

Spoken like a true Cleveland guy Just messin with ya Gloves.

Seriously though, the only financial I'm into is Blackrock...the best money managers out there. Nothin like making money off of rich folks

good luck