Should i buy GM STOCK AT $12.85?

Question

Gm stock is bound to go up due to 2 reasons. the first is all the new models that are going to come out, which are more fuel efficient (like hybrids)and 2 gas is going to go down. congress is already cracking on off shore drilling

Answer 1

buy  --  Buick is big in china

Answer 2

if you're looking for something to invest in that is surely going to go up and NEVER go down, invest in Gold, and do it now. Have you noticed all the commercials on televison that are encouraging people to "send in your old gold jewelry, and we'll send you cash!!" ? There's a reason for that! I heard (tonight) on the news radio that gold is predicted to go to $1800.00 dollars an ounce. Think of your return if you invest wisely now?

Answer 3

Will you cry when GM drops to $3.23, then is snapped up by Carl Icahn, ground into pieces and sold off?

What should you invest in? I dunno, but GM was one of the BLUE CHIP stocks I heard was so important to buy and hold as a youth. Along with Ma Bell. The market sure has changed in my short lifetime!

Look, before you play the stock market, you have to understand that it is much riskier than ever before. The reason is the extreme corruption among corporate management and government oversight. The current crappy economy can be laid at the feet of trusted people who were indeed corrupt.

The thing about this level of corruption is that YOU, as a stockholder, have absolutely no idea it is going on UNTIL IT IS TOO LATE!

If you are willing to accept that your portfolio can be trashed by events perpetrated by unscrupulous trustees, then equities are fair game.

Answer 4

that company is completely worthless for the following reasons:

1) inefficient production line

2) insanely highly compensated employees (w/ union that likes to strike)

3) rising metal prices mean slimmer margins

4) used hybrids depreciate quickly, making new ones that much more expensive, and used ones that much more attractive

5) intense competition from foreign (japanese, korean, etc.) AND domestic companies

6) etc, etc, etc.

In the long run, GM stock WILL be worth less than the paper it was printed on.

Answer 5

I'd like to see it below $10. Their retirement benefits and retooling of factories will be a drain until after 2010.

Answer 6

Um...h**l NO! Are you serious GM? They're tanking! There's no chance of their stock going up any time soon! Trust Me!

Answer 7

Brad do you watch the news or read the paper? The American dollar isn't even worth a dollar anymore. It's actually less than a euro. Keep your money

Answer 8

wait alittle longer

Answer 9

Too late now. It's nearly $14 now. You'll have to hope for a pullback.

Michael B is the very reason NOT to listen to a financial advisor, especially one from Morgan Stanley! GM does way more than make cars.

Answer 10

GM like the other American auto manufacturer has been very slow to adapt to the new century of fuel efficient vehicle. Although I doubt how soon this "new model" will unveil", the drop in gas price will be counter productive to GM being forced to adapt. My recommendation is to wait or if you have a lot of faith in GM, make sure to have at least a 5 years investment horizon.

Answer 11

no but at 12.84 is ok

Answer 12

tough question but this might help http://www.businessweek.com/magazine/con...