Home › Forums › Financial Markets/Economics › GM massacre
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Diego Mamani.
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June 28, 2008 at 8:51 AM #230135June 28, 2008 at 12:31 PM #230106
equalizer
ParticipantCountrywide is at $3B! XM and SIRI merger at $6B with 2K employees with GM with 250K employees! GOOG at $166B. GOOG could buy out GM and convert all plants to server farms with massive state subsidies and their stock wouldn’t move.
I thing GM can raise short term convertible offering (they had one GMX) that expired last year. That should keep them afloat without tanking common shares (?) till oil prices go down and they can retool for smaller models. After Chrysler debacle, private equity probably wont touch takeover, maybe high yield debt. Or Toyota could just buy out GM, save many jobs but that wont happen.
However, check this out:
Cramer: GM Should File for Bankruptcy“First, we have to stipulate two things: GM has tremendous value if it can break all of its contracts, stop paying the coupon debts and eliminate the dividend.
But there is one problem — you can’t do that, you can’t make the critical changes, unless the company files for bankruptcy.
I rack my brain trying to figure out how they can raise enough money to not run out of money. The only way they can do it is to sell hundreds of millions of shares of common stock and simultaneously eliminate the dividend. That will buy them time, but buy them time for what? For the next offering?”
June 28, 2008 at 12:31 PM #230226ParticipantCountrywide is at $3B! XM and SIRI merger at $6B with 2K employees with GM with 250K employees! GOOG at $166B. GOOG could buy out GM and convert all plants to server farms with massive state subsidies and their stock wouldn’t move.
I thing GM can raise short term convertible offering (they had one GMX) that expired last year. That should keep them afloat without tanking common shares (?) till oil prices go down and they can retool for smaller models. After Chrysler debacle, private equity probably wont touch takeover, maybe high yield debt. Or Toyota could just buy out GM, save many jobs but that wont happen.
However, check this out:
Cramer: GM Should File for Bankruptcy“First, we have to stipulate two things: GM has tremendous value if it can break all of its contracts, stop paying the coupon debts and eliminate the dividend.
But there is one problem — you can’t do that, you can’t make the critical changes, unless the company files for bankruptcy.
I rack my brain trying to figure out how they can raise enough money to not run out of money. The only way they can do it is to sell hundreds of millions of shares of common stock and simultaneously eliminate the dividend. That will buy them time, but buy them time for what? For the next offering?”
June 28, 2008 at 12:31 PM #230232ParticipantCountrywide is at $3B! XM and SIRI merger at $6B with 2K employees with GM with 250K employees! GOOG at $166B. GOOG could buy out GM and convert all plants to server farms with massive state subsidies and their stock wouldn’t move.
I thing GM can raise short term convertible offering (they had one GMX) that expired last year. That should keep them afloat without tanking common shares (?) till oil prices go down and they can retool for smaller models. After Chrysler debacle, private equity probably wont touch takeover, maybe high yield debt. Or Toyota could just buy out GM, save many jobs but that wont happen.
However, check this out:
Cramer: GM Should File for Bankruptcy“First, we have to stipulate two things: GM has tremendous value if it can break all of its contracts, stop paying the coupon debts and eliminate the dividend.
But there is one problem — you can’t do that, you can’t make the critical changes, unless the company files for bankruptcy.
I rack my brain trying to figure out how they can raise enough money to not run out of money. The only way they can do it is to sell hundreds of millions of shares of common stock and simultaneously eliminate the dividend. That will buy them time, but buy them time for what? For the next offering?”
June 28, 2008 at 12:31 PM #230270ParticipantCountrywide is at $3B! XM and SIRI merger at $6B with 2K employees with GM with 250K employees! GOOG at $166B. GOOG could buy out GM and convert all plants to server farms with massive state subsidies and their stock wouldn’t move.
I thing GM can raise short term convertible offering (they had one GMX) that expired last year. That should keep them afloat without tanking common shares (?) till oil prices go down and they can retool for smaller models. After Chrysler debacle, private equity probably wont touch takeover, maybe high yield debt. Or Toyota could just buy out GM, save many jobs but that wont happen.
However, check this out:
Cramer: GM Should File for Bankruptcy“First, we have to stipulate two things: GM has tremendous value if it can break all of its contracts, stop paying the coupon debts and eliminate the dividend.
But there is one problem — you can’t do that, you can’t make the critical changes, unless the company files for bankruptcy.
I rack my brain trying to figure out how they can raise enough money to not run out of money. The only way they can do it is to sell hundreds of millions of shares of common stock and simultaneously eliminate the dividend. That will buy them time, but buy them time for what? For the next offering?”
June 28, 2008 at 12:31 PM #230284ParticipantCountrywide is at $3B! XM and SIRI merger at $6B with 2K employees with GM with 250K employees! GOOG at $166B. GOOG could buy out GM and convert all plants to server farms with massive state subsidies and their stock wouldn’t move.
I thing GM can raise short term convertible offering (they had one GMX) that expired last year. That should keep them afloat without tanking common shares (?) till oil prices go down and they can retool for smaller models. After Chrysler debacle, private equity probably wont touch takeover, maybe high yield debt. Or Toyota could just buy out GM, save many jobs but that wont happen.
However, check this out:
Cramer: GM Should File for Bankruptcy“First, we have to stipulate two things: GM has tremendous value if it can break all of its contracts, stop paying the coupon debts and eliminate the dividend.
But there is one problem — you can’t do that, you can’t make the critical changes, unless the company files for bankruptcy.
I rack my brain trying to figure out how they can raise enough money to not run out of money. The only way they can do it is to sell hundreds of millions of shares of common stock and simultaneously eliminate the dividend. That will buy them time, but buy them time for what? For the next offering?”
June 28, 2008 at 1:28 PM #230140TuVu
ParticipantI own a GM car (of Euro design) and in the last month, I’ve gotten four automated voice mails from a local GM dealer begging me to come in to buy this or that car. I have an unlisted phone number, but the service department, I guess, readily shares the info with the car salespeople. By the way, I didn’t buy my car at that dealership. It’s annoying.
I don’t like my car. As soon as I drive it to death (like I have all my other cars), I’m going back to Toyota or, my favorite, Infiniti. My GM car is 6 years old and I give it, oh, maybe two more years of life. I drove the Japanese cars for 12 years and more.
June 28, 2008 at 1:28 PM #230258ParticipantI own a GM car (of Euro design) and in the last month, I’ve gotten four automated voice mails from a local GM dealer begging me to come in to buy this or that car. I have an unlisted phone number, but the service department, I guess, readily shares the info with the car salespeople. By the way, I didn’t buy my car at that dealership. It’s annoying.
I don’t like my car. As soon as I drive it to death (like I have all my other cars), I’m going back to Toyota or, my favorite, Infiniti. My GM car is 6 years old and I give it, oh, maybe two more years of life. I drove the Japanese cars for 12 years and more.
June 28, 2008 at 1:28 PM #230267ParticipantI own a GM car (of Euro design) and in the last month, I’ve gotten four automated voice mails from a local GM dealer begging me to come in to buy this or that car. I have an unlisted phone number, but the service department, I guess, readily shares the info with the car salespeople. By the way, I didn’t buy my car at that dealership. It’s annoying.
I don’t like my car. As soon as I drive it to death (like I have all my other cars), I’m going back to Toyota or, my favorite, Infiniti. My GM car is 6 years old and I give it, oh, maybe two more years of life. I drove the Japanese cars for 12 years and more.
June 28, 2008 at 1:28 PM #230303ParticipantI own a GM car (of Euro design) and in the last month, I’ve gotten four automated voice mails from a local GM dealer begging me to come in to buy this or that car. I have an unlisted phone number, but the service department, I guess, readily shares the info with the car salespeople. By the way, I didn’t buy my car at that dealership. It’s annoying.
I don’t like my car. As soon as I drive it to death (like I have all my other cars), I’m going back to Toyota or, my favorite, Infiniti. My GM car is 6 years old and I give it, oh, maybe two more years of life. I drove the Japanese cars for 12 years and more.
June 28, 2008 at 1:28 PM #230320ParticipantI own a GM car (of Euro design) and in the last month, I’ve gotten four automated voice mails from a local GM dealer begging me to come in to buy this or that car. I have an unlisted phone number, but the service department, I guess, readily shares the info with the car salespeople. By the way, I didn’t buy my car at that dealership. It’s annoying.
I don’t like my car. As soon as I drive it to death (like I have all my other cars), I’m going back to Toyota or, my favorite, Infiniti. My GM car is 6 years old and I give it, oh, maybe two more years of life. I drove the Japanese cars for 12 years and more.
June 28, 2008 at 1:51 PM #230189CAwireman
ParticipantWhat do you think of this – There are GM guys on the boards of directors for oil companies and there are oil company guys on the GM board. Conflict of interest, not one could be result in a legal suit just yet, but generally speaking, if powerful people who want to sell oil are on GM’s BOD, then will you have much of a chance to build fuel efficient cars? Look at the way the trolleys were bought out and allowed to fall into disrepair in the 1900’s; look at what happened to the electric car. GM has lived by the sword and may die by the sword. That’s my 450 cents for now….
June 28, 2008 at 1:51 PM #230309ParticipantWhat do you think of this – There are GM guys on the boards of directors for oil companies and there are oil company guys on the GM board. Conflict of interest, not one could be result in a legal suit just yet, but generally speaking, if powerful people who want to sell oil are on GM’s BOD, then will you have much of a chance to build fuel efficient cars? Look at the way the trolleys were bought out and allowed to fall into disrepair in the 1900’s; look at what happened to the electric car. GM has lived by the sword and may die by the sword. That’s my 450 cents for now….
June 28, 2008 at 1:51 PM #230317ParticipantWhat do you think of this – There are GM guys on the boards of directors for oil companies and there are oil company guys on the GM board. Conflict of interest, not one could be result in a legal suit just yet, but generally speaking, if powerful people who want to sell oil are on GM’s BOD, then will you have much of a chance to build fuel efficient cars? Look at the way the trolleys were bought out and allowed to fall into disrepair in the 1900’s; look at what happened to the electric car. GM has lived by the sword and may die by the sword. That’s my 450 cents for now….
June 28, 2008 at 1:51 PM #230354ParticipantWhat do you think of this – There are GM guys on the boards of directors for oil companies and there are oil company guys on the GM board. Conflict of interest, not one could be result in a legal suit just yet, but generally speaking, if powerful people who want to sell oil are on GM’s BOD, then will you have much of a chance to build fuel efficient cars? Look at the way the trolleys were bought out and allowed to fall into disrepair in the 1900’s; look at what happened to the electric car. GM has lived by the sword and may die by the sword. That’s my 450 cents for now….
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