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Why is GM down so much recently?
Posted on 10/4/11 at 6:18 pm
Posted on 10/4/11 at 6:18 pm
Just a sympathetic selloff with cyclicals and autos?
Trading around $21. has $18/share in cash.
It's around 2X EBITDA right now. Seems cheap for no reason. All the recent news has been highly positive - including 20% growth in September.
Trading around $21. has $18/share in cash.
It's around 2X EBITDA right now. Seems cheap for no reason. All the recent news has been highly positive - including 20% growth in September.
5
Posted on 10/4/11 at 6:26 pm to Tiger JJ
quote:
Trading around $21. has $18/share OF TAXPAYER cash.
Posted on 10/4/11 at 6:59 pm to lsu_tiger_az
quote:
Trading around $21. has $18/share OF TAXPAYER cash.
Cash is cash. Who cares where it came from as long as it's legal.
Posted on 10/4/11 at 7:54 pm to LSUtoOmaha
They made an announcement not too long ago that they will be closing plants- Shreveport is one of them.
Posted on 10/4/11 at 8:54 pm to Tiger JJ
Don't they still owe about $40b?
Posted on 10/4/11 at 9:21 pm to Tiger JJ
Not the only decently performing company that has taken a hit recently.
Posted on 10/5/11 at 6:56 am to kfizzle85
There was talk of being able to save it, but in the last week the reports weren't looking great. Guess that's what I meant.
Posted on 10/5/11 at 7:53 am to LSUGUMBO
quote:
They made an announcement not too long ago that they will be closing plants- Shreveport is one of them.
This should be a good thing.
Posted on 10/5/11 at 9:15 am to Tiger JJ
Maybe it has something to do with the recent labor agreement GM reached with the UAW. Investors may fear that future profits will be impaired by increased labor costs.
The deal announced between Ford and the UAW will increase the value of the compensation and benefits for the majority of Ford's union employees to $58 per hour. That is $120,640 per year for anyone who does not work a single hour of overtime. Pretty good gig for unskilled labor.
The deal announced between Ford and the UAW will increase the value of the compensation and benefits for the majority of Ford's union employees to $58 per hour. That is $120,640 per year for anyone who does not work a single hour of overtime. Pretty good gig for unskilled labor.
Posted on 10/5/11 at 1:26 pm to LSUGUMBO
If plants are being closed maybe expenses go up.
Posted on 10/5/11 at 2:01 pm to Tiger JJ
quote:
Why is GM down so much recently?
my GUESS...people are worried about a large gov't sell of of shares.
However, I also GUESS, the reason GM is hoarding cash is to buy these shares up before that happens / when that happens.
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