GM posts $1.1 billion loss

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dxyzc@nospam.com - 19 Apr 2005 23:01 GMT

http://www.signonsandiego.com/news/business/20050419-1351-earns-gm.html

Kiplinger predicts there is a 50% chance that either Ford or GM will be
no more in 10 years time.

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Malt_Hound - 20 Apr 2005 14:11 GMT

> http://www.signonsandiego.com/news/business/20050419-1351-earns-gm.html
>
> Kiplinger predicts there is a 50% chance that either Ford or GM will be
> no more in 10 years time.

I would guess GM. Ford seems to do a better job with trucks and has
always appeared to maintain a better market share. GM has closed
divisions (Oldsmobile) in an attempt to cut their losses.

I must say that I would not miss them...

-Fred W

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PAPAGENE4JACK - 22 Apr 2005 00:13 GMT

Hi matt Gm has over 36 billion in cash in there coffers. In addition they
have another 14 billion in there insurance fund which they are allowed to
tap at any time. Dont count gm out yet all the car companies are having
bad times. But when it turns and gas starts coming down they will bounce
back bigger than ever. Im sure there next qt will be better. In the
meantime watch there stock its a good buy right now and its paying a 7.8 %
dividend sincerely papa

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dxyzc@nospam.com - 22 Apr 2005 01:44 GMT

> Hi matt Gm has over 36 billion in cash in there coffers. In addition they
> have another 14 billion in there insurance fund which they are allowed to
[quoted text clipped - 3 lines]
> meantime watch there stock its a good buy right now and its paying a 7.8 %
> dividend sincerely papa

It's paying a dividend when they make a profit. Things don't look good
in the near term; especially the healthcare costs. I really think GM
has to change its marketing and product development. The upcoming
Solstice and Sky may be a good sign if there are no quality problems. I
think with the right attitude GM can bounce back.

D

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PAPAGENE4JACK - 22 Apr 2005 20:00 GMT

Yes Gm will have to get more competitive but I think you are right mh gm
will bounce back With some luck sincerely papa

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MH - 22 Apr 2005 10:20 GMT

> ... In the meantime watch there stock its a good
> buy right now and its paying a 7.8 % dividend

Look here for their stock price.
http://www.nyse.com/about/listed/lcddata.html?ticker=GM&fq=D&ezd=1Y&index=5

Stock price has dropped over 50% over the past year, from a highest $50.04
to a lowest $24.67, dividend was $2/share.

( "billion" here is a US billion; $1000 000 000, not $1000 000 000 000 -
fortunately)

--
MH
'72 97 '77 96 '78 95 '79 96
'91 900i 16
http://go.to/saab96

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dxyzc@nospam.com - 23 Apr 2005 04:39 GMT

>>... In the meantime watch there stock its a good
>>buy right now and its paying a 7.8 % dividend
[quoted text clipped - 7 lines]
> ( "billion" here is a US billion; $1000 000 000, not $1000 000 000 000 -
> fortunately)

http://finance.yahoo.com/q/bc?s=GM&t=1y

I wonder if GM will again distribute some of their stored cash in a
dividend even though it is going to lose money this year. This is one
company am going to be watching for stock buying opportunity. If it
dips below 20 and they reduce some HR costs and start marketing better,
I may buy. GM just has to stay away from junk bond status at all costs
(no pun intended).

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