SocialPicks Sentiment:
** v.s.
other stocks
|
This Quarter's Sentiment:
|
|
|
SocialPicks Community
Congress Working Overtime: $634B Spending Bill and Bailout Plan
GM
|
|
|
<> An overwhelming 78-12 vote by the Senate sends a massive $634B spending bill to President Bush, who is expected to sign the measure before the government's fiscal year-end comes to a close on Tuesday. The bill contains provisions for $25B in subsidized loans for automakers in addition to removing a ban on offshore drilling on the Atlantic and Pacific coasts. Participating companies from the auto industry would not have to begin repayment of the loans for five years and the proceeds are meant to be used in the d...
|
Huge Losses and a souring economy does not bode well for GM
GM
|
|
|
With GM's debt rated Caa1 by Moody's, or seven steps below investment grade, the future of GM does not look to bright. Furthermore, Moody's rates the debt of GM negative, which means that further declines in debt rating are probable. GM is already paying a heatlh amount for their debt and especially for any new debt that they issue into the bond market. For these reasons, I am bullish on this stock and hope that they can pull through the current credit market and financial crisis griping the US and Global economy.
|
Toyota, China, Hyundai, debt market, GMAC = problem
GM
|
|
|
GM USA: Toyota = increasing problem, since Tundra now moving into formerly secure big truck arena. GM abroad: Like Toyota in Japan, and Hyundai in S Korea, a new competitor will emerge from low-cost China-- think cheaper than Hyundai exports selling into a cash-strapped US economy. Similar to Japanese car cos in the 1970s. Cheap and small good, big and gassy not good. GMAC: a financial company, built on top of consumer credit, for cars. debt: http://www.businessweek.com/ap/financialnews/D93BUHIO0.htm If GM debt owners are scared, equity owners should be REALLY scared. P...
|
GM
GM
GM will rise.
GM
|
|
|
Strong showing this week. I don't believe the end is here. My conservative estimate is $15 by the end of October but we could even hit $20. I currently own OCT 12 calls on GM.
|
|
ROCK-STAR INVESTORS
|
|
POPULAR STOCKS
|
|
TODAY'S HEADLINES
|
|
TODAY'S TOP PICKS
|
|
|
Visit streetinsider.com
|
|
|
|
Austin
(+4.74% risk: conservative)
|
|
GM Long Term Charts
- Trendlines and support/resistance lines on long term charts of GM (since 1968) for a better perspective:
http://patternspy.blogspot.com/2009/03/gm-g
|
More Resources
|
About General Motors Corp
- Answers.com
