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GM STOCK is it worth buying

By KgK one following x   2019 Feb 19, 8:02pm 607 views   11 comments   watch   nsfw   quote     share    


Big house , fancy cars, hoes, booze, or travel you need $$. Is GM stock stock worth investing??
PE 8
Dividend 4 %

Buffet bought a lot in December at 35$ now it is 40$.
Yet I hear lot of car loans to default n slow down. Watch the video


Any pro or cons

To buy or not to buy , how much is good amount for medium risk investor. 10k or 2k $ worth.
1   AD   ignore (0)   2019 Feb 19, 8:53pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

It was worth buying when it was below $32 a share.
2   APOCALYPSEFUCKisShostikovitch   ignore (40)   2019 Feb 19, 9:02pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

It's going to be replaced by dial-a-rollo-brothel.
3   Patrick   ignore (1)   2019 Feb 19, 9:13pm   ↑ like (1)   ↓ dislike (0)   quote   flag        

I bought some at $37.22 but kind of regret it, even though it's up slightly.

I just don't see a great future for them, or even for cars in general.
4   AD   ignore (0)   2019 Feb 19, 9:16pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

Patrick says
I bought some at $37.22 but kind of regret it, even though it's up slightly.

I just don't see a great future for them, or even for cars in general.


Patrick, why ? Is it because of demographic trends ? More people not wanting a car or needing a car, or using Uber, Lyft or ZipCar , Hertz, etc. ? Or living near public transit ?

What companies do you see slowly dying other than GM ? Target ?

I see Netflix with its $20.8 billion in debt (it was $7 billion about 4 years ago), in a major bind when Disney operates its new online streaming service.
5   BayArea   ignore (1)   2019 Feb 19, 9:19pm   ↑ like (1)   ↓ dislike (0)   quote   flag        

Investing in GM is like eating a bottle of viagra and 15minutes later running through a glass window.
6   MrMagic   ignore (11)   2019 Feb 19, 9:54pm   ↑ like (0)   ↓ dislike (1)   quote   flag        

BayArea says
Investing in GM is like eating a bottle of viagra and 15minutes later running through a glass window.


Wow... that's a hell of a visual...
7   ThreeBays   ignore (0)   2019 Feb 19, 11:18pm   ↑ like (2)   ↓ dislike (0)   quote   flag        

GM stock hasn't been going anywhere for a while and now they're in a down cycle. I don't really expect much gain from here. 4% dividend is good if you're retired, not before.
8   Booger   ignore (3)   2019 Feb 20, 5:38am   ↑ like (0)   ↓ dislike (0)   quote   flag        

If you like dividends, then yes. Otherwise I recommend avoiding most auto stocks at the moment, even GT. F is interesting at its current price.
9   socal2   ignore (0)   2019 Feb 20, 9:23am   ↑ like (2)   ↓ dislike (0)   quote   flag        

AD says
Patrick, why ? Is it because of demographic trends ? More people not wanting a car or needing a car, or using Uber, Lyft or ZipCar , Hertz, etc. ? Or living near public transit ?


I think the whole auto industry will face some major changes over the next 10 years as more and more affordable EV cars come out. The Dealer model will take a big hit as there is little to no maintenance needed for EV's. EV cars are already cheaper to manufacture and operate, it is just the battery technology that is expensive..........and that cost is dropping quickly.

I never cared for GM, I hated their cars, the bailout and their big inflexible union operation. But I just leased my first GM car (Chevy Bolt) and it is the best care I have ever owned or leased by far........ and I have driven some nice cars. If GM is serious about EV's and starts churning out cars that are comparable to Tesla at lower prices, I think GM will have a bright future.
10   Booger   ignore (3)   2019 Feb 20, 9:50am   ↑ like (0)   ↓ dislike (0)   quote   flag        

AD says
More people not wanting a car or needing a car, or using Uber, Lyft or ZipCar , Hertz, etc. ?


Because Uber, Lyft, ZipCar, and Hertz don't buy cars???
11   kt1652   ignore (1)   2019 Feb 20, 11:40am   ↑ like (0)   ↓ dislike (0)   quote   flag        

Mary Barra - lying sad sack.
In a wide-ranging interview on the subjects of electric vehicles, power infrastructure, and international trade, Mary Barra shares her vision of a future with compact EVs in everyone's driveway. However, she opts to drive the largest gasoline vehicle GM makes.

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