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Thread: GM IPO - Great Success!!!

  1. #11
    Senior Member Franco's Avatar
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    Quote Originally Posted by Buzz View Post
    Anyone here own GM stock yet?

    What do you think the odds are that you can make money on it in the next 10 years?
    With China buying a huge chunck of the stock, I'd sell before reality sets in. How long before the Chinese government owns the majority of stock? Will the Chinesse start opening GM plants in China and closing plants in the USA?

    And, what about Ford having to compete against the government?

    Buy American now means, buy Ford. As a tax payer, I want my money back from Gooberment Motors!
    Last edited by Franco; 11-18-2010 at 01:50 PM.
    It's time we abandon our party affiliations and rather than being good Dems or good Repubs we all become good Americans. MJH345

  2. #12
    Senior Member Buzz's Avatar
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    Quote Originally Posted by Franco View Post
    With China buying a huge chunck of the stock, I'd sell before reality sets in. How long before the Chinese government owns the majority of stock? Will the Chinesse start opening GM plants in China and closing plants in the USA?

    And, what about Ford having to compete against the government?

    Buy American now means, buy Ford. As a tax payer, I want my money back from Gooberment Motors!

    What I read was that SAIC Motor, China's largest auto manufacturer bought a little less that 1% of the stock. About $500 million worth.

    Do you have any stats on how much F stock is owned by foreigners?

    How much of FOX is owned by foreigners. Doesn't stop wingers from watching...
    "For everyone to whom much is given, of him shall much be required." -- Luke 12:48

    Raven - Moneybird's Black Magic Marker***
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  3. #13
    Senior Member Franco's Avatar
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    Quote Originally Posted by Buzz View Post
    What I read was that SAIC Motor, China's largest auto manufacturer bought a little less that 1% of the stock. About $500 million worth.

    Do you have any stats on how much F stock is owned by foreigners?

    How much of FOX is owned by foreigners. Doesn't stop wingers from watching...
    China owns ZERO percent of Ford Preferred Stock. No one knows how much Common Stock is owned because much of it is tied in with Mutual Funds.
    It's time we abandon our party affiliations and rather than being good Dems or good Repubs we all become good Americans. MJH345

  4. #14
    Senior Member Buzz's Avatar
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    Quote Originally Posted by Franco View Post
    China owns ZERO percent of Ford Preferred Stock. No one knows how much Common Stock is owned because much of it is tied in with Mutual Funds.
    Well, this stock owner hopes that your next vehicle will be a Ford!
    "For everyone to whom much is given, of him shall much be required." -- Luke 12:48

    Raven - Moneybird's Black Magic Marker***
    (Esprit's Power Play x Trumarc's Lean Cuisine)
    Mick - Moneybird's Jumpin' Jack Flash***
    (Clubmead's Road Warrior x Oakdale Whitewater Devil Dog)
    Peerless - Moneybird's Sole Survivor
    (Two River's Lucky Willie x Moneybird's Black Magic Marker)

  5. #15
    Senior Member Franco's Avatar
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    Quote Originally Posted by Buzz View Post
    Well, this stock owner hopes that your next vehicle will be a Ford!
    Love the Ford F150 I'm driving now but thinking of getting a new Nissen Titan when they come out early next year. Titan is being built in neighboring Mississippi.

    But, how unfair to Ford with having to compete against the government on tax payer money we will never see returned to the treasury. This GM IPO will only reduce what they owe tax payers by 49%, if they think they can sell as much of it as projected the debt will be reduced 49%.

    With an IPO at $33. I seriously doubt it will get higher but, you can bet it will go down before it ever goes up.
    Last edited by Franco; 11-18-2010 at 02:40 PM.
    It's time we abandon our party affiliations and rather than being good Dems or good Repubs we all become good Americans. MJH345

  6. #16
    Senior Member dback's Avatar
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    Sure glad I bought Ford stock at the same time I bought GM....Ford makes up for the GM (Liquidation) crap I have now (21 cents a share). Personally......I'll never own another GM product or share again....neither will the company I own.
    "What a difference a week makes. This week I feel like a football coach. Last week I felt like Britney Spears' choreographer."
    Coach Bob Green, Montana Tech

  7. #17
    Senior Member menmon's Avatar
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    Quote Originally Posted by Eric Johnson View Post
    Let's see....

    US public loaned GM about $50 Billion and will get $12 billion back.

    UAW loaned GM $0 and will get $4 billion.

    I'm not irked that GM is going private. I'm irked that we didn't get our money back.

    Eric
    They are going public not private

  8. #18
    Senior Member menmon's Avatar
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    Quote Originally Posted by dback View Post
    Sure glad I bought Ford stock at the same time I bought GM....Ford makes up for the GM (Liquidation) crap I have now (21 cents a share). Personally......I'll never own another GM product or share again....neither will the company I own.
    Is this you in the photo?

  9. #19
    Senior Member menmon's Avatar
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    Quote Originally Posted by Franco View Post
    With China buying a huge chunck of the stock, I'd sell before reality sets in. How long before the Chinese government owns the majority of stock? Will the Chinesse start opening GM plants in China and closing plants in the USA?

    And, what about Ford having to compete against the government?

    Buy American now means, buy Ford. As a tax payer, I want my money back from Gooberment Motors!
    Just can't give credit where credit is due.

  10. #20
    Senior Member menmon's Avatar
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    Quote Originally Posted by Eric Johnson View Post
    Let's see....

    US public loaned GM about $50 Billion and will get $12 billion back.

    UAW loaned GM $0 and will get $4 billion.

    I'm not irked that GM is going private. I'm irked that we didn't get our money back.

    Eric
    They went public not private! They were private until yesterday.

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