02-26-2009, 03:01 PM
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#94
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Drives: fanboys and ass kissers crazy.
Join Date: May 2008
Location: Ottawa, Ontario
Posts: 7,280
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Quote:
Originally Posted by 1_2Many
I've been itching to buy GM stock, but with shady things like this happening I'm reluctant...not a sign of strength by any means.
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Quote:
Originally Posted by trm0002
Have you lost your mind? You see today's report from Q4? They finally beat estimates- just in the wrong direction. $9.6 BILLION loss for the quarter; "Excluding special items, GM lost $5.9 billion, or $9.65 a share, in the quarter".
Dude, it's trading at $2.34 per share. How do you lose $9.65 per share on something that's worth $2.34? They are headed for Chapter 11 IMO- no way around it now. And, yes, that's a GOOD thing.
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Let him do it. Everyone needs a good lesson in investing... 
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