Looks like GM is very healthy

[d-ray657]

Originally Posted by piece-itpete

Woo Hoo!

Is it just me, or is our discussion here this AM very good?

Pete

When we rely on authoritative sources, of course the discussion improves.

Regards,

D-Ray

[piece-itpete]

LOL!

Pete

[merrylander]

I recall a time when I was having trouble sleeping due to work related stress. I mentioned to our doctor that the over the counter sleep aids seemed to help. He said yeah, they will help clog your arteries quicker than anything.

[bobabode]

http://www.latimes.com/business/auto...,2392686.story

22% increase from last year in auto sales overall.

[bhunter]

Originally Posted by bobabode

http://www.latimes.com/business/auto...,2392686.story

22% increase from last year in auto sales overall.

But still well below optimum levels. Oh, BTW the F150 was number 1 and the Silverado was number 2. Those aren't the vehicles that the green folks want. Also, the Aveo sold 3 units. Here are some other low selling GM products:

Aveos sold in the U.S. in June 2012: THREE! Yup, 3.

What else was selling in low volume at GM last month?


21 - Lucerne
22 - Caddy STS
7 - Cobalt
11 - HHR

The Volt had sales of 1760 units. Compare that to the F150 sales of ~55,000 units. I wonder what is Gm's break even point on Volt sales?

[piece-itpete]

I can't believe they sold 3 Aveos. The new Fiesta is way better.

Pete

[merrylander]

Originally Posted by bhunter

But still well below optimum levels. Oh, BTW the F150 was number 1 and the Silverado was number 2. Those aren't the vehicles that the green folks want. Also, the Aveo sold 3 units. Here are some other low selling GM products:



The Volt had sales of 1760 units. Compare that to the F150 sales of ~55,000 units. I wonder what is Gm's break even point on Volt sales?

No idea but if we win the lottery I would trade both Impalas in on a pair of Volts.

I realize that not all pickups are bought by folks who need trucks but I imagine the majority are work vehicles and I guess most greenies know that.

[Boreas]

Originally Posted by bhunter

But still well below optimum levels. Oh, BTW the F150 was number 1 and the Silverado was number 2.

Hmmm.... People use these for business, right? Must mean the economy's getting better.

John

[whell]

The market still doesn't seem convinced. GM stock is trading at about $19/share. Recall that the IPO price in Nov 2010 was $33.

Its also interesting to note that its likely that the government, which still owns about 500 million shares of GM preferred stock as part of the loan / bankruptcy deal, will likely delay the sale of those shares yet again. The stock had a par value of $26/share. However, for the Feds to break even (sell the stock for the amount of money that the was loaned to GM in exchange for the stock) the shares would need to be sold for about $56. So, if the government does proceed with the sale too soon, the US taxpayer will have essentially purchased GM's bad debt.



EDIT - added the chart above, comparing GM's stock performance (blue) to the S&P 500 (red).

[Boreas]

Originally Posted by whell

The market still doesn't seem convinced. GM stock is trading at about $19/share. Recall that the IPO price in Nov 2010 was $33.

Its also interesting to note that its likely that the government, which still owns about 500 million shares of GM preferred stock as part of the loan / bankruptcy deal, will likely delay the sale of those shares yet again. The stock had a par value of $26/share. However, for the Feds to break even (sell the stock for the amount of money that the was loaned to GM in exchange for the stock) the shares would need to be sold for about $56. So, if the government does proceed with the sale too soon, the US taxpayer will have essentially purchased GM's bad debt.

Still far preferable to "The Romney Alternative".

John