GM Stock death spiral

[JS80]

Originally posted by: Lothar

Originally posted by: JS80

Originally posted by: Ktulu

Originally posted by: JS80

Originally posted by: Corporate Thug
I guess that's what happens when you have crappy bloodsucking unions combined with shitty management.

FIXED

fixed further.

It is in no way the employees fault. If they got lazy, complacent and overpaid it's because of the deals between the union and management.

what is management supposed to do if the union extorts them to a deal and they can't just fire the union?

There are many companies that do just fine with unions.

1) correltaion =/=causation
2) not all unions are equal in power

 

[imported_Lothar]

Originally posted by: JS80

Originally posted by: Lothar

Originally posted by: JS80

Originally posted by: Ktulu

Originally posted by: JS80

Originally posted by: Corporate Thug
I guess that's what happens when you have crappy bloodsucking unions combined with shitty management.

FIXED

fixed further.

It is in no way the employees fault. If they got lazy, complacent and overpaid it's because of the deals between the union and management.

what is management supposed to do if the union extorts them to a deal and they can't just fire the union?

There are many companies that do just fine with unions.

1) correltaion =/=causation
2) not all unions are equal in power

Blame GM management for giving them all that power in the first place and caving in to each and everyone of their issues.

Declare bankruptcy and emerge from it.

 

[imported_Lothar]

Originally posted by: HeroOfPellinor

Originally posted by: Lothar

Originally posted by: JS80

Originally posted by: Ktulu

Originally posted by: JS80

Originally posted by: Corporate Thug
I guess that's what happens when you have crappy bloodsucking unions combined with shitty management.

FIXED

fixed further.

It is in no way the employees fault. If they got lazy, complacent and overpaid it's because of the deals between the union and management.

what is management supposed to do if the union extorts them to a deal and they can't just fire the union?

There are many companies that do just fine with unions.

Was that supposed to be an answer?

Yes it was.
GM should ask the other successful companies that do just fine with unions how they deal with their own unions.

 

[Budmantom]

Originally posted by: JS80

Originally posted by: Budmantom

Originally posted by: JS80

Originally posted by: Budmantom

Originally posted by: preslove

Originally posted by: IHateMyJob2004

Originally posted by: Corporate Thug
I guess that's what happens when you make crappy cars.

Time to be politically incorrect.

The reason US automakers are having a tough time is because of the U.A.W.

It's hard to be cost competitive with foreign companies when those companies do not pay outrageous pay rates and give wonderful benefits. The UAW did it to themselves.

Actually, it is the pay rates for non-skilled labor that killed the US auto industry (because of the UAW). Benefits are kind of a moot point.

The thing is that German and Japanese autoworkers get government pensions and health insurance. America having the worst healthcare system in the western world and relying on employers to pay for their workers' health insurance is an important factor in why American manufacturers can't compete.

Japanese get the same or better "benefits" as UAW autoworkers, but it is the Japanese government giving it to them.

What country has better healthcare?

Cuba, they have free no cost universal healthcare for EVERYONE.

Yes Cuba, I see people from Canada and all over the world trying to get to Cuba for their healthcare.

Healthcare is better than having a job and running water!

I can't talk now, I'm off to Cuba.....

 

[JS80]

Originally posted by: Budmantom

Originally posted by: JS80

Originally posted by: Budmantom

Originally posted by: JS80

Originally posted by: Budmantom

Originally posted by: preslove

Originally posted by: IHateMyJob2004

Originally posted by: Corporate Thug
I guess that's what happens when you make crappy cars.

Time to be politically incorrect.

The reason US automakers are having a tough time is because of the U.A.W.

It's hard to be cost competitive with foreign companies when those companies do not pay outrageous pay rates and give wonderful benefits. The UAW did it to themselves.

Actually, it is the pay rates for non-skilled labor that killed the US auto industry (because of the UAW). Benefits are kind of a moot point.

The thing is that German and Japanese autoworkers get government pensions and health insurance. America having the worst healthcare system in the western world and relying on employers to pay for their workers' health insurance is an important factor in why American manufacturers can't compete.

Japanese get the same or better "benefits" as UAW autoworkers, but it is the Japanese government giving it to them.

What country has better healthcare?

Cuba, they have free no cost universal healthcare for EVERYONE.

Yes Cuba, I see people from Canada and all over the world trying to get to Cuba for their healthcare.

Healthcare is better than having a job and running water!

I can't talk now, I'm off to Cuba.....

Just take 1 benjamin. All you need to live for a decade there.

 

[ponyo]

The question I want to know is what the heck OP is doing with 20 shares of GM. Who buys 20 shares in a company unless it's trading at hundreds or thousands of dollars per share?

 

[zinfamous]

Originally posted by: JS80

Originally posted by: Budmantom

Originally posted by: JS80

Originally posted by: Budmantom

Originally posted by: preslove

Originally posted by: IHateMyJob2004

Originally posted by: Corporate Thug
I guess that's what happens when you make crappy cars.

Time to be politically incorrect.

The reason US automakers are having a tough time is because of the U.A.W.

It's hard to be cost competitive with foreign companies when those companies do not pay outrageous pay rates and give wonderful benefits. The UAW did it to themselves.

Actually, it is the pay rates for non-skilled labor that killed the US auto industry (because of the UAW). Benefits are kind of a moot point.

The thing is that German and Japanese autoworkers get government pensions and health insurance. America having the worst healthcare system in the western world and relying on employers to pay for their workers' health insurance is an important factor in why American manufacturers can't compete.

Japanese get the same or better "benefits" as UAW autoworkers, but it is the Japanese government giving it to them.

What country has better healthcare?

Cuba, they have free no cost universal healthcare for EVERYONE.

Yes Cuba, I see people from Canada and all over the world trying to get to Cuba for their healthcare.

Healthcare is better than having a job and running water!

psshh, who wants to work? less stress, hang out at the beach with crystal clear water all day. That's quality of life

 

[Budmantom]

Originally posted by: JS80

Originally posted by: Budmantom

Originally posted by: JS80

Originally posted by: Budmantom

Originally posted by: JS80

Originally posted by: Budmantom

Originally posted by: preslove

Originally posted by: IHateMyJob2004

Originally posted by: Corporate Thug
I guess that's what happens when you make crappy cars.

Time to be politically incorrect.

The reason US automakers are having a tough time is because of the U.A.W.

It's hard to be cost competitive with foreign companies when those companies do not pay outrageous pay rates and give wonderful benefits. The UAW did it to themselves.

Actually, it is the pay rates for non-skilled labor that killed the US auto industry (because of the UAW). Benefits are kind of a moot point.

The thing is that German and Japanese autoworkers get government pensions and health insurance. America having the worst healthcare system in the western world and relying on employers to pay for their workers' health insurance is an important factor in why American manufacturers can't compete.

Japanese get the same or better "benefits" as UAW autoworkers, but it is the Japanese government giving it to them.

What country has better healthcare?

Cuba, they have free no cost universal healthcare for EVERYONE.

Yes Cuba, I see people from Canada and all over the world trying to get to Cuba for their healthcare.

Healthcare is better than having a job and running water!

I can't talk now, I'm off to Cuba.....

Just take 1 benjamin. All you need to live for a decade there.

Benjamin and the rest of my friends can fend for themselves in this hell hole of a country, I'm off to a tropical paradise where a vacation (for a medical procedure) can last a lifetime....

 

[jman19]

Originally posted by: Pepsei

Originally posted by: jman19

Originally posted by: Pepsei
should i buy 20 shares?

i still need to fill out the 'outside brokerage approval form' so i can see if i can buy stocks.... been meaning to do tht....

Why not just trade where you work?

Or do you not feel like paying the higher fees?

higher fees.... even with employee discount..... i'm a cheap bastard

Yeah I hear ya - I figured that was it. Same issue where I work, such a pain having to get trades cleared first...

 

[ElFenix]

Originally posted by: Budmantom

Benjamin and the rest of my friends can fend for themselves in this hell hole of a country, I'm off to a tropical paradise where a vacation (for a medical procedure) can last a lifetime....

i see what you did there!

 

[The Boston Dangler]

Originally posted by: Lothar

Originally posted by: HeroOfPellinor

Originally posted by: Lothar

Originally posted by: JS80

Originally posted by: Ktulu

Originally posted by: JS80

Originally posted by: Corporate Thug
I guess that's what happens when you have crappy bloodsucking unions combined with shitty management.

FIXED

fixed further.

It is in no way the employees fault. If they got lazy, complacent and overpaid it's because of the deals between the union and management.

what is management supposed to do if the union extorts them to a deal and they can't just fire the union?

There are many companies that do just fine with unions.

Was that supposed to be an answer?

Yes it was.
GM should ask the other successful companies that do just fine with unions how they deal with their own unions.

verizon and electric companies would be good places to start.

 

[imported_Lothar]

Originally posted by: The Boston Dangler

Originally posted by: Lothar

Originally posted by: HeroOfPellinor

Originally posted by: Lothar

Originally posted by: JS80

Originally posted by: Ktulu

Originally posted by: JS80

Originally posted by: Corporate Thug
I guess that's what happens when you have crappy bloodsucking unions combined with shitty management.

FIXED

fixed further.

It is in no way the employees fault. If they got lazy, complacent and overpaid it's because of the deals between the union and management.

what is management supposed to do if the union extorts them to a deal and they can't just fire the union?

There are many companies that do just fine with unions.

Was that supposed to be an answer?

Yes it was.
GM should ask the other successful companies that do just fine with unions how they deal with their own unions.

verizon and electric companies would be good places to start.

My point exactly.

 

[Fritzo]

Originally posted by: Naustica
The question I want to know is what the heck OP is doing with 20 shares of GM. Who buys 20 shares in a company unless it's trading at hundreds or thousands of dollars per share?

I had an extra $100 a few months ago and it was down to $9.89 a share, so I bought them up. If they manage to get back to their normal $50/share it will be a nice profit in a few years. A lot of people do this.

 

[Ns1]

The sell-off came as Standard & Poor's Ratings Services put GM and its finance affiliate GMAC LLC under review to see if its rating should be cut. GM has been struggling with weak car sales in North America.

The action means there is a 50 percent chance that S&P will lower GM's and GMAC's ratings in the next three months.

 

[PricklyPete]

Originally posted by: Wreckem

Originally posted by: robphelan
and it gets worse... GM is coming out with a Hybrid Escalade getting a whopping 14mpg.. and a new Hummer T3... i don't know what they're thinking.

Its actually 20/21. Not 14. 14 is what the regular ones get.

Hybrid SUVs are stupid though. All of them, no matter the manufacturer hover in the low 20s for gas mileage.

um..do your math. A hybrid SUV gets a MUCH larger percentage jump in gas mileage than a Prius does over a similarly sized Honda Civic.

 

[JS80]

Originally posted by: Lothar

Originally posted by: The Boston Dangler

Originally posted by: Lothar

Originally posted by: HeroOfPellinor

Originally posted by: Lothar

Originally posted by: JS80

Originally posted by: Ktulu

Originally posted by: JS80

Originally posted by: Corporate Thug
I guess that's what happens when you have crappy bloodsucking unions combined with shitty management.

FIXED

fixed further.

It is in no way the employees fault. If they got lazy, complacent and overpaid it's because of the deals between the union and management.

what is management supposed to do if the union extorts them to a deal and they can't just fire the union?

There are many companies that do just fine with unions.

Was that supposed to be an answer?

Yes it was.
GM should ask the other successful companies that do just fine with unions how they deal with their own unions.

verizon and electric companies would be good places to start.

My point exactly.

Compare GM to a monopoly? laff.

 

[LS21]

um, GM cant go bankrupt.


they have to survive to supply the HERTZ fleet with the million of shit cars i always seem to be stuck with.

 

[HeroOfPellinor]

Originally posted by: Lothar

Originally posted by: HeroOfPellinor

Originally posted by: Lothar

Originally posted by: JS80

Originally posted by: Ktulu

Originally posted by: JS80

Originally posted by: Corporate Thug
I guess that's what happens when you have crappy bloodsucking unions combined with shitty management.

FIXED

fixed further.

It is in no way the employees fault. If they got lazy, complacent and overpaid it's because of the deals between the union and management.

what is management supposed to do if the union extorts them to a deal and they can't just fire the union?

There are many companies that do just fine with unions.

Was that supposed to be an answer?

Yes it was.
GM should ask the other successful companies that do just fine with unions how they deal with their own unions.

Damn. That is almost sig worthy.

 

[winnar111]

Michigan isn't a swing state anymore. Can we let them die already?

 

[91TTZ]

Originally posted by: Fritzo

Originally posted by: Corporate Thug
I guess that's what happens when you make crappy cars.

Nothing to do with their build quality, it was their poor decisions in the early 2000's. It's actually a good lesson in greed and poor leadership.

Around 2000, Toyota and Honda were switching to eco friendly cars because they had foreseen high gas prices (they have The Force or something). GM decided to run the SUV train to death...until it was too late to stop the train from going off the cliff.

That's not when they started switching to eco friendly cars. The Japanese automakers had been making small cars for the last 20 years by then.

On the contrary, the 2000's is when they started making things like the Toyota Sequoia, Tundra, Highlander, Nissan Titan, Honda Ridgeline, etc. Japanese automakers rarely made V8 cars before then, but they bought into the whole gas guzzler lifestyle.

 

[Fritzo]

Originally posted by: 91TTZ

Originally posted by: Fritzo

Originally posted by: Corporate Thug
I guess that's what happens when you make crappy cars.

Nothing to do with their build quality, it was their poor decisions in the early 2000's. It's actually a good lesson in greed and poor leadership.

Around 2000, Toyota and Honda were switching to eco friendly cars because they had foreseen high gas prices (they have The Force or something). GM decided to run the SUV train to death...until it was too late to stop the train from going off the cliff.

That's not when they started switching to eco friendly cars. The Japanese automakers had been making small cars for the last 20 years by then.

On the contrary, the 2000's is when they started making things like the Toyota Sequoia, Tundra, Highlander, Nissan Titan, Honda Ridgeline, etc. Japanese automakers rarely made V8 cars before then, but they bought into the whole gas guzzler lifestyle.

Small cars and eco-friendly aren't the same thing. GM and Ford basically started laughing at Toyota for the Prius. "Who the heck would buy that?" That technology gave Toyota the foothold to become the #1 automaker today.

 

[dmcowen674]

GM, Ford & Chysler just got a $25 billion taxpayer bailout.

Do the execs just walk away with the $25 billion?

 

[The Boston Dangler]

Originally posted by: JS80

Originally posted by: Lothar

Originally posted by: The Boston Dangler

Originally posted by: Lothar

Originally posted by: HeroOfPellinor

Originally posted by: Lothar

Originally posted by: JS80

Originally posted by: Ktulu

Originally posted by: JS80

Originally posted by: Corporate Thug
I guess that's what happens when you have crappy bloodsucking unions combined with shitty management.

FIXED

fixed further.

It is in no way the employees fault. If they got lazy, complacent and overpaid it's because of the deals between the union and management.

what is management supposed to do if the union extorts them to a deal and they can't just fire the union?

There are many companies that do just fine with unions.

Was that supposed to be an answer?

Yes it was.
GM should ask the other successful companies that do just fine with unions how they deal with their own unions.

verizon and electric companies would be good places to start.

My point exactly.

Compare GM to a monopoly? laff.

although you are incorrect in calling verizon a monopoly, i'll also mention Waste Management as another very successful company with organized labor. i won't bother finding others, as you will no doubt reply with "blah blah blah, laff"

someday, unions will be busted. then who will you blame all the problems of the world on?

 

[91TTZ]

Originally posted by: Fritzo

Originally posted by: 91TTZ

Originally posted by: Fritzo

Originally posted by: Corporate Thug
I guess that's what happens when you make crappy cars.

Nothing to do with their build quality, it was their poor decisions in the early 2000's. It's actually a good lesson in greed and poor leadership.

Around 2000, Toyota and Honda were switching to eco friendly cars because they had foreseen high gas prices (they have The Force or something). GM decided to run the SUV train to death...until it was too late to stop the train from going off the cliff.

That's not when they started switching to eco friendly cars. The Japanese automakers had been making small cars for the last 20 years by then.

On the contrary, the 2000's is when they started making things like the Toyota Sequoia, Tundra, Highlander, Nissan Titan, Honda Ridgeline, etc. Japanese automakers rarely made V8 cars before then, but they bought into the whole gas guzzler lifestyle.

Small cars and eco-friendly aren't the same thing. GM and Ford basically started laughing at Toyota for the Prius. "Who the heck would buy that?" That technology gave Toyota the foothold to become the #1 automaker today.

GM sold the Metro back in the mid-90's. That got 50-60 mpg. People could have bought that if they wanted, but they'd rather buy giant bloated SUVs.

The people wanted to eat junk food so companies stepped up and sold them junk food.

 

[JS80]

Originally posted by: Fritzo

Originally posted by: 91TTZ

Originally posted by: Fritzo

Originally posted by: Corporate Thug
I guess that's what happens when you make crappy cars.

Nothing to do with their build quality, it was their poor decisions in the early 2000's. It's actually a good lesson in greed and poor leadership.

Around 2000, Toyota and Honda were switching to eco friendly cars because they had foreseen high gas prices (they have The Force or something). GM decided to run the SUV train to death...until it was too late to stop the train from going off the cliff.

That's not when they started switching to eco friendly cars. The Japanese automakers had been making small cars for the last 20 years by then.

On the contrary, the 2000's is when they started making things like the Toyota Sequoia, Tundra, Highlander, Nissan Titan, Honda Ridgeline, etc. Japanese automakers rarely made V8 cars before then, but they bought into the whole gas guzzler lifestyle.

Small cars and eco-friendly aren't the same thing. GM and Ford basically started laughing at Toyota for the Prius. "Who the heck would buy that?" That technology gave Toyota the foothold to become the #1 automaker today.

lol you think prius is profitable and/or is even close to a meaningful contribution to toyota's total revenue base?