Thread: Gm
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  #9  
Old 11-10-2005, 03:25 AM
koop koop is offline
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Join Date: Dec 2003
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Quote:
Originally Posted by GottaDiesel
Let me start by saying that I had a General Motors car as my first "new" car in 1990. I will NEVER buy another GM product for as long as I live.

Now.

The stock is at $24ish. Look at the market cap and the 8% dividend return. I don't want to hear the bullcrap that they are going to cut the div. They have been saying that since 2002, and it hasn't happened yet.

I know they are set from some hard times, but don't you think it is a friggin' steal at this price? Sort of like Chrysler back in the Lee years?

Just wondering.

Pete
absent some really big news I wouldn't touch them. They are hemorrhaging money, have accounting problems, are in a lousy sector.
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