Parts Catalog Accessories Catalog How To Articles Tech Forums
Call Pelican Parts at 888-280-7799
Shopping Cart Cart | Project List | Order Status | Help



Go Back   PeachParts Mercedes-Benz Forum > General Discussions > Off-Topic Discussion

Reply
 
LinkBack Thread Tools Display Modes
  #1  
Old 11-09-2005, 05:10 PM
GottaDiesel's Avatar
Banned
 
Join Date: Sep 2003
Location: New Jersey
Posts: 1,564
Gm

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

Reply With Quote
  #2  
Old 11-09-2005, 06:07 PM
Carleton Hughes's Avatar
Registered User
 
Join Date: Dec 2004
Posts: 1,611
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
Death of a giant.
__________________
Reply With Quote
  #3  
Old 11-09-2005, 08:27 PM
GottaDiesel's Avatar
Banned
 
Join Date: Sep 2003
Location: New Jersey
Posts: 1,564
Quote:
Originally Posted by Carleton Hughes
Death of a giant.
So what are you saying? GM is going to be gone, as in no more?

No way. As much as I think there is little room for them left anymore in their current state. I can't believe that the name plate and some of their models will just go away. Especially when you look at it Internationally.

When you look at Market Cap and then you look at Google's market cap, well, I mean, come on now.

GM is still viable. Just not the way they are now.

What makes you say "death of a giant" -- or are you just being silly?
Reply With Quote
  #4  
Old 11-09-2005, 08:30 PM
boneheaddoctor's Avatar
Senior Benz fanatic
 
Join Date: May 2004
Location: Hells half acre (Great Falls, Virginia)
Posts: 16,007
THe most reliable cars I have ever owned have been GM.........

I've owned 10....and would have bought every one of them again. Something I can't say about most other brands.
__________________
Proud owner of ....
1971 280SE W108
1979 300SD W116
1983 300D W123
1975 Ironhead Sportster chopper
1987 GMC 3/4 ton 4X4 Diesel
1989 Honda Civic (Heavily modified)
---------------------
Section 609 MVAC Certified
---------------------
"He who fights with monsters might take care lest he thereby become a monster. And if you gaze for long into an abyss, the abyss gazes also into you." - Friedrich Nietzsche
Reply With Quote
  #5  
Old 11-09-2005, 09:33 PM
TheDon's Avatar
Ghost of Diesels Past
 
Join Date: Oct 2005
Posts: 13,217
i hate to say this but american cars have lost their quality sure i wasnt around in the 50-60's when the cars were the best but after 71 the cars of all american car companies just sucked.. my moms equinox made in canada so its not american and its been in the shop 12 times for stupid stuff my step dads aveo made in korea is just shody leaves in the air vents.. how they get in their i dont know and various other things.. and what really bothers me is gm's whoel sharing of models. the vue the euqinox and the pontiac version .. see i dont even know the name of it because its soo generic. i rember watching history channel on muscle cars and gm pontiac buick and the rest within gm would compete for the best.. now they just gave up .. i will buy a nice benz when i get out of college i nice diesel because i know america cars will be crud
Reply With Quote
  #6  
Old 11-09-2005, 10:16 PM
Registered User
 
Join Date: Aug 2005
Location: Pine Hill, NJ
Posts: 240
Well the platform sharing and such is obviously a huge cost cutting factor. But, the only GM I've ever owned was a 99 Bravada Platinum Edition. It was a nice truck until the wiring began to get shoddy. The alternator and battery went after it sat overnight and I replaced that and continued tracking down a short. It got to the point where I found it to be in the rear defroster so I disconnected it. I had picked up the CLK earlier this year and decided I would rid myself of the SUV (that proved smart after gas soared and I was only getting 15.8 mpg). I'm not surprised by GM's apparent downfall, it happens when your product is consistently cheap. The mrs drives a Sunfire now and boy does that thing sound like its going to fall apart. I drove a CTS the other day that was less than a year old, and when you shut the door it was tinny and rattled a bit while sounding like it might fall off. Compare that to the tank 124 with its beautiful thud sound. So far the CLK has been pretty good, though it doesn't see much usage in the bad weather we've had for most of the fall. I still don't think I'll be a MB guy for the long haul (I've been a Mopar guy for years), in terms of new car purchases. Reliability would have to improve big time for me to consider it. That, and I see more and more of them on the road and now you don't feel as unique. I'd rather drive the 124 than the CLK, at least I won't see it as often on the road. But hey, I won't mourn for GM since I hate the idea of the "Hummer"...which isn't really a Hummer...though I don't think they will disappear. A company as large as GM will somehow manage to stick around no matter how bad things get. Maybe they can sell Saab and give it back some dignity.
__________________
2004 Chrysler Crossfire
Reply With Quote
  #7  
Old 11-09-2005, 10:55 PM
Ara T.'s Avatar
Registered User
 
Join Date: Sep 2004
Location: Santa Rosa, CA
Posts: 2,075
Well lets see if China entering our automobile market will give GM some trouble.
__________________
1985 CA 300D Turbo , 213K mi
Reply With Quote
  #8  
Old 11-10-2005, 12:04 AM
G-Benz's Avatar
Razorback Soccer Dad
 
Join Date: Apr 2001
Location: Dallas/Fort-Worth
Posts: 5,711
It's not so much that GM quality has fallen, insomuch as Asian manufacturers raised the bar to the point that status quo is no longer acceptable.
__________________
2009 ML350 (106K) - Family vehicle
2001 CLK430 Cabriolet (80K) - Wife's car
2005 BMW 645CI (138K) - My daily driver
2016 Mustang (32K) - Daughter's car
Reply With Quote
  #9  
Old 11-10-2005, 03:25 AM
Banned
 
Join Date: Dec 2003
Posts: 1,449
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.
Reply With Quote
  #10  
Old 11-10-2005, 06:15 AM
ncof300d
Guest
 
Posts: n/a
I have owned my GM products. Only one of them would I say was 'bad'. I suppose that I have been one of the fortunate ones as GM products have been pretty good for me. In 1990 I bought a brand new Mercury Cougar......the last Ford product for me.
Reply With Quote
  #11  
Old 11-10-2005, 06:52 AM
rg2098's Avatar
Detailing Moderator
 
Join Date: Jun 2004
Location: Rochester Hills, MI
Posts: 2,415
Check JD Power. The Cadillac Sigma platform (CTS, SRX, STS) are the highest quality cars you can buy and the DTS will be on the list as well. The Chevrolet Impala that was just replaced after 5 years scored better on 5 year durability tests the the Toyota Camery.

Also don't stereotype the Japs. Toyota and Honda are the only 2 building diecent cars, the rest are junk in quaity terms. And please don't call a Lexus a luxery car, they only sell 1/3 of their vehicles in the premium segment are all they are is glorified Toyotas (the Solara and SC are a perfect example)

General Motors is not about to go under. Yes they are not in the best shape but your talking about the second largest company in the world (largest in automotive), they have enough in the bank to support operations for years.

I love Mercedes, I own 4 of them, but don't confuse the classics with the new stuff. I think MB has some of the nicest looking cars out there but the worst in quality and durability. (S-Class #1, BMW 7 #2, E-Class #3)
__________________
Adam Lumsden
(83) 300D
Vice-President of the MBCA International Stars Section
Reply With Quote
  #12  
Old 11-10-2005, 07:22 AM
Kuan's Avatar
unband
 
Join Date: Jan 2001
Location: At the Birkebeiner
Posts: 3,811
Purchase assets at a discount and you receive immediate equity. GM is giant bleeding to death from a million paper cuts.
__________________
You don't need a weatherman to know which way the wind blows - Robert A. Zimmerman
Reply With Quote
  #13  
Old 11-10-2005, 10:04 AM
GottaDiesel's Avatar
Banned
 
Join Date: Sep 2003
Location: New Jersey
Posts: 1,564
I just read the target price is inthe teens... around 16.

I call Bull*****. Look at the market cap figures. This is a company ripe for a turn-around NOT the grave.

Funny to hear me talk like that since I hate GM!

Man I really want to buy the stock.
Reply With Quote
  #14  
Old 11-10-2005, 11:04 AM
Registered User
 
Join Date: Aug 2001
Location: Milford, DE
Posts: 1,467
IMHO you and GM would be the perfect match for each other - If I were you I'd sell my house and bet the farm on a GM turnaround.
Reply With Quote
  #15  
Old 11-10-2005, 11:10 AM
*
 
Join Date: Nov 2003
Location: Tiki Island Texas
Posts: 1,049
Quote:
Originally Posted by GottaDiesel
I just read the target price is inthe teens... around 16.

I call Bull*****. Look at the market cap figures. This is a company ripe for a turn-around NOT the grave.

Funny to hear me talk like that since I hate GM!

Man I really want to buy the stock.
Probably not the best thing to do - at least very much of, but if you must you can write the Dec 20 puts for a $1.10 right now. If it continues to fall - likely - you'll pay 120 and earn the 1.10 for an effective 18.90 and if it holds above 120 you keep the 1.10 I like writing calls to take me out if things get overbought and to write the puts to get back in. There's better ways to go - if it's just income write the EENC Dec 22.50 puts for 1.75 - you'll get the stock and earn a .17 cent dividend every month. If you do that understand that EENC's reserves are only good for about seven years though.

__________________
89 300E
79 240D
72 Westy
63 Bug sunroof
85 Jeep CJ7
86 Chevy 6.2l diesel PU

"The object of life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane."
Marcus Aurelius
Reply With Quote
Reply

Bookmarks

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Trackbacks are On
Pingbacks are On
Refbacks are On




All times are GMT -4. The time now is 07:46 AM.


Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2020, vBulletin Solutions, Inc.
Search Engine Optimization by vBSEO 3.6.0
Copyright 2018 Pelican Parts, LLC - Posts may be archived for display on the Peach Parts or Pelican Parts Website -    DMCA Registered Agent Contact Page