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If you had the cash, would you buy the General Motors IPO?

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Stinky The Clown Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-18-10 09:10 PM
Original message
If you had the cash, would you buy the General Motors IPO?
I would. I think the company as it is now constituted will do well.

I think the Volt will not do well, but will be the first in a succession of electric cars that *will* do well, mid and long term.
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Skink Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-18-10 09:11 PM
Response to Original message
1. Buy low.
this stock should do well given time.
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doc03 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-18-10 09:15 PM
Response to Original message
2. Not a chance n/t
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AlabamaLibrul Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-18-10 09:15 PM
Response to Original message
3. It looks good from a financial standpoint, but I wouldn't buy Walmart or the "new" GM. n/t
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JVS Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-18-10 09:16 PM
Response to Original message
4. Nope.
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madrchsod Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-18-10 09:21 PM
Response to Original message
5. it would have to be around 1.50 to make me buy in...
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obxhead Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-18-10 09:28 PM
Response to Original message
6. nope.
I think the Volt will only point out what you don't do with an electric car. It's just a matter of being first. Even though this is not realy GM's first electric, it is their first production for general sale electric. GM will do as they always do. Force a flawed design to far outlive it's production value.

The competition however will closely watch the Volt and surpass them quite quickly, learning from GM's mistakes at a far quicker rate than GM will.
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david13 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-18-10 09:31 PM
Response to Original message
7. Hey! Do I look that stupid?? Oh, you can't see me. Not in a million years. dc
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blue_onyx Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-18-10 09:39 PM
Response to Reply #7
8. self-delete
Edited on Wed Aug-18-10 09:50 PM by blue_onyx
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donco Donating Member (717 posts) Send PM | Profile | Ignore Wed Aug-18-10 09:39 PM
Response to Original message
9. I’m glutton for punishment
I bought Ford at five $, why not have a go at GM?
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blue_onyx Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-18-10 09:40 PM
Response to Original message
10. absolutely
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Sen. Walter Sobchak Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-18-10 09:42 PM
Response to Original message
11. Uhh... No
Look at the clowns who are running the new company and tell me we won't be back to the brink inside of five years.
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uncommon Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-19-10 08:45 AM
Response to Reply #11
16. Exactly.
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TroglodyteScholar Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-18-10 09:48 PM
Response to Original message
12. Hell no.
My cash is the only reason they still exist. Only I didn't have any choice in the matter.
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HopeHoops Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-19-10 08:42 AM
Response to Original message
13. Absolutely. It may drop a bit initially, but long term it will soar.
The IPO will probably be the lowest price you can get in on and it is likely to split before long. If it goes up dramatically, sell half.

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Fla_Democrat Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-19-10 08:44 AM
Response to Original message
14. Nope
:smoke:
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uncommon Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-19-10 08:45 AM
Response to Original message
15. GM was basically socialized and now it's going to go back to being a private company - so no, it
will likely fail again when it no longer has the largesse of government behind it.
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