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When is the best time to buy GM stock?

  • RIGHT NOW! $17.10/share is a steal, this is the bottom!

    Votes: 2 12.5%
  • $16, bottom is close but not yet here.

    Votes: 2 12.5%
  • $15, GM still has at least one more terrible quarter to announce

    Votes: 1 6.3%
  • $14, more bad econ news coming the stock will drop another 18%

    Votes: 1 6.3%
  • $13, GM truck sales, took a pounding in april and do even worse in coming months

    Votes: 2 12.5%
  • $12, GM will announce further layoffs, production declines and 2 more terrible quarters

    Votes: 3 18.8%
  • $11, GM will be hurt so bad by high gas prices that soon renewed rumors of bankruptcy will start

    Votes: 1 6.3%
  • $10, GM's turnaround is nowhere near here, its not Dawn, but rather 3:00 AM

    Votes: 0 0.0%
  • Below $10/share, GM has a long road up a very steep hill to climb to survive beyond 2010

    Votes: 3 18.8%
  • NEVER! GM will not be able to succesfully turn it around in time, BANKRUPTCY LOOMS

    Votes: 1 6.3%

  • Total voters
    16
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Discussion Starter #1
So I was just reading the latest thread on the site and someone compared GM to Apple back before the Ipod.

That got me thinking, could the volt really signal a turnaround for GM?

They do have excellent small cars they sell around the world that could be imported here, (already begining with Saturn now becoming Opel of America).

If GM can import high quality, stylish small cars and then hit it out of the park with the Volt, (GM's Ipod?) then could this be one hell of a great investing oppertunity?

I just checked yahoo finance and GM is at $17.10, damn close to the 52 week low.

They are trading at .05 times sales and the whole damned company is worth just $9.7 billion.

Warren Buffet, history's greatest investor,(and world's richest man) famously said, "Be fearful when others are greedy and greedy when others are fearful".

Well the market is petrified that GM is going out of business.

If this latest round of buyouts and the announcement that GM is moving to more small cars and making volt their #1 priority, then this could be a case of "Its always darkest before the dawn".

So the question is:

Is now the time to invest in GM stock? Is this the bottom, if not how low can we expect it to go?

I know that the economy may still sink further, so maybe GM could fall some more, but how low? $15, $12.50 $10?

I would appreciate everyone's thoughts on this topic.
 

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I currently don’t own GM stock, but I will buy 1/3 of my position in GM this week. It’s tough to call a bottom, but if GM can turn around it doesn’t really matter if you bought at $17 or $15. This weeks Barrons story on GM could also give it a lift.

I think the plug in hybrids will be a hit. I had a Prius for a rental car last month and I was very impressed with it. We got 48.7 MPH with 3 adults on a 400+ mile trip. I think the plug in hybrid is the best solution and I was looking at getting a plug in Prius in 2010 when they come out. I guess I’ll hold out a little longer to wait for the Chevy Volt.

I think that GM is making a major marketing blunder by calling the Volt an electric car. Although I heard about the Volt a while ago, from the PR’s I thought the Volt was an all electric car and I thought “Oh no, not another EV-1” and I never looked any further into the Volt. Only after reading the Barron’s story did I realize that it was a plug in hybrid. GM needs to call the car an electric hybrid as a minimum, but I think plug in hybrid is the best name, and then sell the electric drive concept.

http://www.chevrolet.com/electriccar/
 

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Never auto or airline stocks

A word to the wise

Speculation is the least favourable scenario. Top SAFE investors- stay with the top runners - never sympathy buy - it is a sucker play- your better to wait and see what the outcome starts rather than jumping on the speculative band wagon..

The question I have burning is when do you GET OUT OF OIL STOCKS???

Its your money but airlines and autos are always high risk and you stand a better chance of losing then gaining - especially with GM's track record- they should have concentrated on more fuel efficient cars and trucks along time ago - they should have seen the energy crunch coming -- The Japanese are taking the wait and see what happens-- I used to have 1/2 my portfolio with GM (I used to work with them) and I took a real bath because of their mismanagement and lack of ability to read and feed the market. I have a small amount of my money in HONDA--- yes they are auto but only partly - take a look at their product line.

Don't get me wrong - my next car will probably be a GM (we already have two) - and I really hope they are around and have great success with this VOLT - I am hoping this will be our next car.

PS: IF YOU WANT TO SPECULATE BE SURE THAT YOU CAN AFFORD THE LOSS BEFORE YOU INVEST
 

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Thanks for posting that link. I read all 100+ posts. It looks like a hot topic.

I think that most people think of the limited range of an electric car and don’t want an electric car. The fear of poor planning of a trip and needing to get the car towed is a huge negative. An E-REV electric car is not any better, if people still think it’s a 100% electric car that runs on batteries only. (As I did.)

Most people think a hybrid car has two energy sources, so it has unlimited range, and you can always find a gas station. I think the Volt needs to be thought of as a hybrid vehicle first and E-REV second. The extended range hybrid is a concept most people understand.
 

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I own a couple hundred dollars in GM stock. I think as long as they have a dividend, any time now till whenever it does bottom is a good time to buy. If they get rid of the dividend I will probably sell all my shares until about 6 mos before the volt comes out. I think the stock will at least double, adjusting for inflation, from its current position if the volt is a success.
 

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The question I have burning is when do you GET OUT OF OIL STOCKS???
Only you can can answer that. Some oil stock are changing into energy or have other portfolio of different energy other then oil. I don't think all of the oil company is going to crash and burn all at once. It not like the bank system or the housing criss. I'm aware that there are people are talking about oil bubble. I'm not so sure at this point, but I'll keep an open mind. If it get $200 a barrel sometime next year. I would be suspicion of a oil bubble and when everybody is telling someone to invest some oil stock then I would get out no matter how high it gotten.

I'm planing to get some GM stock, but I be more watchful sometime in 2010, more likly mid 2010. I was not crazy about the value for vote. I don't try to predict how much. Everyday the chart tell me a different story. I would not buy GM stock for this year. I'm sure there is going to be many loss quarter report. Every time the news talk about how high oil or gas price, more people are less likely investing in cars manufactor. I'm hopefully I get in GM stock while every body is worry about the lack of sale on truck and SUV.
 

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Oil companies that diversify

During my last comment I mentioned that I was wondering when would be a good time to get out of oil.

By this I mean sole source companies only involved in oil- I understand that the forward looking oil companies will or have already started to diversify.

No matter what - I believe our time with fossil fuels is done - one way or the other for economics or for the environment we need to get off this crap.
 

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The Volt will not initially be profitable for GM. The cost will be too high. They might eventually bring the cost down to a point where they can sell enough of them at a profit to generate a meaningful amount of income for the company, but that will probably be at least five years from now, maybe ten or more.

The iPod was based on proven, inexpensive technology, and cost just a few hundred dollars. The two products aren't really comparable.
 

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Volt the savior?????????????

I just read the article on Volt Nation - Lutz is hinting a 42,000 price on the Volt (and they will not make money).

Now I definitely would not but GM stocks (or the Volt).

There is no way in hell that a car GM says is destined for the masses will fly at 42,000 + - most people are looking at cars in the 20 to 25k range - even at 30 to 35 K the volt is a stretch for a lot of people.

Wrong way to go GM - others are likley to blow you away (EV1 anybody?)
 

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Good Stock Investing Decision

A good investing decision should be based on many criteria because expected performance of a stock depends on quality of the company, market evaluation of its stock, and macroeconomic environment of company and general market.
 

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I got to admit that I have been very tempted to buy GM stock. I just don't believe that GM will be allowed to go under (I could be wrong). Saying that what is the bottom?
 
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