Kerkorian: "fu k it, I'm out"

[andylawcc]

http://biz.yahoo.com/ap/061122/gm_kerkorian.html?.v=29

 

[Pepsei]

that's going to make the stock price drop even more... .meh....

 

[akshatp]

Heh.. he sold his stock in GM to buy stock in MGM

 

[her209]

I sold my Brodcade stock today. Picked it up last week.

 

[Aftermath]

Short term: bad.
Long term: good.

Having a bit of a tantrum over the Nissan-Renault thing I guess.
GM is better off not having him trying to twist their collective nipples and just worrying about their game plan.

 

[redgtxdi]

But 2 things to get out of that article if you take Healey's writing between the lines........


#1.) KK *could* have bought the MGM shares without selling the GM shares, so he's definitely trying to make some kind of statement.

#2.) He still owns a friggin' TON of GM shares (14 million shares is just a fraction) and so he's definitely not done w/ them and perhaps *is* just tyring to stir the pot.

Maybe he's trying to get GM to do better just to *spite* his current financial move. (Thought, obviously, he wins if they do, and he probably won't lose any sleep if they don't so it's pretty much win/win for KK).

What's that *golden* rule again??

 

[Vic]

Solid move.

 

[iversonyin]

Originally posted by: Vic
Solid move.

For who?

 

[iversonyin]

Originally posted by: Aftermath
Short term: bad.
Long term: good.

Having a bit of a tantrum over the Nissan-Renault thing I guess.
GM is better off not having him trying to twist their collective nipples and just worrying about their game plan.

If you believe in Rick Wagnor, I guess its a good thing.

 

[Vic]

Originally posted by: iversonyin

Originally posted by: Vic
Solid move.

For who?

For KK. Who else? MGM Mirage has a much better future than GM.

 

[Aftermath]

Originally posted by: iversonyin

Originally posted by: Aftermath
Short term: bad.
Long term: good.

Having a bit of a tantrum over the Nissan-Renault thing I guess.
GM is better off not having him trying to twist their collective nipples and just worrying about their game plan.

If you believe in Rick Wagnor, I guess its a good thing.

I believe that Kerkorian advising to GM that their "revitalization plan" should be their second consideration, after joining forces with Ghosn, was bad. I don't have too much to say about Wagoner, but with Bob Lutz I do believe that GM is going in the right general direction and is building up steam.