Re: OT: GM common stock, time to buy????

Posted by kyhayman on December 21, 2005 at 17:05:49 from (68.171.76.92):

In Reply to: OT: GM common stock, time to buy???? posted by Midwest redneck on December 21, 2005 at 13:49:32:

I wouldnt touch GM stock at $.18 a share. The road to bankruptcy, following the path of the airlines is paved clear. There is nothing they can do to compete with Toyota and Honda with the albatross of unfunded pension and health liabilities hanging over them. 2007 promises to be another blow to a storied American icon when there UAW contracts are up for renegotiation. They cant continue to pay workers 95% wage on layoff and I cant see the union letting this benefit go down the tubes. When GM declairs bankruptcy the real loosers will be those same retirees and the stock holders.

To me, Cat is the bargain to be had at $58. Its $17 off their 52 week low but last time I was in CAT I bought at $57 and sold at $91; 13 months later. I did a quick search, CNH, Deere, and Dollar General all look solid in their range. Not any apparent get rich quick options but the fundamentals are there to make money over time. Were I not all tied up in a subdivision development I'd be sinking deep into CAT.

Replies:

• Re: OT: GM common stock, time to buy???? dhermesc 05:38:40 12/22/05 (1)
  • Re: OT: GM common stock, time to buy???? Midwest redneck 02:09:24 12/23/05 (0)
• Re: OT: GM common stock, time to buy???? Davis In SC 19:28:24 12/21/05 (0)

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