GOOD MORNING ALL...
Let the Game begin...Good luck to all today and hope we can close green again.
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GOOD MORNING ALL...
Let the Game begin...Good luck to all today and hope we can close green again.
yeah lets get out of this .35 bs
premarket is stalled at .35
many of the numbers released yesterday beat expectations, construction is up and some other index also. Consumer spending was better than expected although i think it was down .1%.
CNBC expects TECH stocks to outperform.
Today Car sales are announced...I think.
If the GM BK is truly already calculated into the $350MM EBITDA like mel said than good sales numbers could boost us back to over .40 combine that with possible mlb and iphone we may see higher next week.
Again, I ain't no professional.
GM... Government Motors=Grossly Mismanaged
Quote:
Originally Posted by imromo24
You do realize the reason that EBITDA is going to be so high is because of the OEMs not putting out so many cars. It brings SAC way down. The less cars put out means the higher EBITDA will be. So going from Mels point of view on EBITDA it is better for them if OEM sales are less and not more. Lets just remember that only gos for EBITDA and FCF for now. I am not saying that is what Mel would like for the long term.
well it looks like cramer has done his job well.
Yeah, the headline on a piece on TheStreet.com is absurd (GM bankruptcy dooms Sirius) and not supported in any way by the video interview. It is so f'n irresponsible of this guy Scott Moritz it is sickening. What an a$$hole. so unprofessional. No place on the webpage to leave a comment...too bad...I have a lot to say. Jerk.
http://www.thestreet.com/_aol/video/...=1#24982546001
"GM's sales for May - to be reported later this week - will be higher than in April, Henderson said, when the company sold 172,150 light vehicles, representing a 33% decline from the same month a year ago. He said May's "modestly" encouraging data would likely give GM its best sales month since September 2008."
what did cramer say? and what was his reasoning?
he had no reasoning he just felt like saying siri shouldnt even be a stock when mentioning people holding on too loses. you know if u guys look at the breakout that started on april 8th this is looking almost identical, except we are opening and closing higher. the spreads are pretty much identical though
well i hope this ties into hughes,sirius and apple together.
heres the link below is a short qoute
Quote:
DETROIT, June 2 /PRNewswire/ -- myCar(TM), a new mobile technology platform from UIE Automotive, enables automakers, their supply base and dealer networks to instantly and immediately respond to a consumer's vehicle needs and update, add or extend services and applications. This innovative, flexible, easy-to-adapt technology will be exhibited and demonstrated in booth #68-69 at Telematics Detroit, the world's largest conference for the wireless automotive and mobile industry.
Those attending the conference June 2-3 at The Rock Financial Showplace in Novi, Mich., can see first-hand how UIE Automotive's myCar(TM) platform connects vehicles with owners on their mobile devices, showcasing connected services on the iPhone from Apple and RIM's Blackberry Bold.
GM was PRIVATElY run and grossly mismanaged. It was going bankruptQuote:
Originally Posted by SiriusHope
and saved by the Govt (both Bush and Obama administrations) Whether that will work in the end we dont yet know but the facts are a stubborn thing.
Good Morning everyone,looks like yesterday to me so far..
I like the negative articles by the fool and Street.com and cramer,we should go up by friday after a couple of sideways or down days according to previous patterns after neg. articles by those idiots...
19-May-09 ALTMAN DARA F
Officer 1,366,200 Direct Automatic Purchase at $0 per share. N/A
19-May-09 GREENSTEIN SCOTT ANDREW
Officer 2,322,500 Direct Automatic Purchase at $0 per share. N/A
19-May-09 MEYER JAMES E
Officer 2,732,300 Direct Automatic Purchase at $0 per share. N/A
19-May-09 FREAR DAVID J
Officer 1,912,600 Direct Automatic Purchase at $0 per share. N/A
19-May-09 DONNELLY PATRICK L
Officer 1,639,400 Direct Automatic Purchase at $0 per share. N/A
Seems as if 9,973,000 million shares of stock went "somewhere" . Something very shady here when this company can't make a penny in two weeks when a market is doing nothing wrong. Siri long? ok.
Last post on this subject. This is just a small point (there are many others) who think it couldnt be known years ago that GM was headed for the tanker
Have a nice day.
David Brooks (Repbulican columnist)
"Over the past FIVE DECADES, this company has PROGRESIVELY lost touch
with car buyers, especially educated car buyers who flock to European and Japanese brands. Over FIVE DECADES this company has tolerated labor practices that seem insane to outsiders. Over these decades, it has tolerated
bureacratic structures that repel top talent. It has evaded the relentless quality focus that has helped companies like Toyota prosper. As a result GM has steadily lost US market share, from 54% yo 19%.
"On Jan. 21 1988 a General Motors executive named Elmer Johnson wrote a brave and prophetic memo. Its main point was contained in the sentence"
'We have vastly underestimated how deeply ingrained are the organizational and cultural rigidities that hamper our ability to EXECUTE!'
Quote:
Originally Posted by stkdn
Whay is your point?do some of your own research and you'll know what it is,tired of explaining it to knuckle heads...
Lloyd we somewhat get your point,even though it is very generic in a forrest Gump type way,but do you understand history or Economic theory in the 20th century in the US.?it is alot more complicated than GM Mgt f'ed up...Quote:
Originally Posted by lloyd Handwerker
Lloyd...I don't think anyone disputes that the writing was on the wall years ago.....in a nutshell....mostly due to union extortion and the political backing of the unions. Unions have a poor track record in this area....anyone remember Eastern Airlines? and the many other companies killed by greedy unions, and of course, greedy & incompetent execs too! Liberals hate corporations, but then scream how there aren't enough jobs....weird. We can't all work for the post office.Quote:
Originally Posted by lloyd Handwerker