Author Topic: GM - General Motors  (Read 674697 times)

RadMan24

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Re: GM - General Motors
« Reply #1800 on: September 21, 2020, 12:19:57 PM »
Trevor out at NKLA. Time for Barra to be out too and a complete shake up at GM with some new DNA management team.

So much for due diligence. I agree heads need to roll.

I spent many years doing due diligence on deals. legal and business.  I can't think of a bigger DD screw up than this. there used to be a joke that you "should make sure that there is no moving truck in the parking lot" when you do DD.  I guess the joke is now changed to "and be sure that there isn't an electric cable coming out of the truck". this says to me that GM is way behind in EV, and let its panic cloud a fairly simple business DD job.  this is not about accounting fraud not being discovered...this is about not asking someone to turn the ignition switch on in the truck prototype.

What's the screwup? How much money did GM throw out the door? How is GM way behind EV when they were providing the technology? The commenters on this forum have simply not done their own DD.
« Last Edit: September 21, 2020, 12:21:31 PM by RadMan24 »


brose514

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Re: GM - General Motors
« Reply #1801 on: September 21, 2020, 04:08:40 PM »
Right on RadMan. Sometimes I feel like this is a glorified version of Twitter.

hyten1

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Re: GM - General Motors
« Reply #1802 on: October 23, 2020, 01:06:27 PM »
This is pretty impressive, cruise av in San fran

https://youtu.be/sliYTyRpRB8

fareastwarriors

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Re: GM - General Motors
« Reply #1803 on: October 23, 2020, 02:32:36 PM »
Who preordered an electric Hummer?  8)

https://www.cnbc.com/2020/10/22/hummer-ev-assists-gm-shares-reaching-new-c.html
GM shares close at new year-to-date high following Hummer EV debut


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I'm sticking with my fugly cybertruck for now. 

roark33

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Re: GM - General Motors
« Reply #1804 on: October 26, 2020, 10:49:38 AM »
I have followed GM more closely after being involved in Nikola, and wow, GM seems to make some really stupid moves.  Their partnership with Nikola should basically make them uninvestable. 

Xerxes

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Re: GM - General Motors
« Reply #1805 on: November 23, 2020, 12:35:52 PM »
I am going on a limb and say GM will continue grind higher and higher from here. I still have what I own from 2018; didn’t add/sell anything during the 2020 crash. Ain’t that smart beside focus was on other names.

Fact is there is capital chasing ‘electrification’ names, from BYD, NEO and Tesla, and have no doubt that GM can benefit from that easy money in having a blended valuation straddling both old economy ICE as well as the new. If Walt Disney can get blended valuation due to Disney+ while its money maker amusement parks are shutdown, so can GM.


Gregmal

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Re: GM - General Motors
« Reply #1806 on: November 23, 2020, 01:12:02 PM »
Yeah...while Im happy the poor souls who have owned this forever are starting to see some money made, fact of the matter this is still just getting back to where it was in 2017 and 2018. As others have pointed out, the decision making here is poor. If your investment case is easy money coming into the EV sector, all around, I think you have better options than GM. Whats the upside? Maybe you hang around for another $10-20 a share? LOL Has anyone seen what kind of "easy money" is being made in other names? Why hang around for 20-30% in GM? Is GM a better company? IDK, GM is flirting with junk status, other companies have no debt or net cash. Network effect? Maybe, but GM is owned by the unions. Profitability? There's plenty of other profitable companies in the EV ecosystem. Mary Barra? Well, you guys can have her. One of the more valuable lessons Ive learned over the years is that if your investment thesis is "speculative", well then buy a company that will reward you for speculating. BYD has crushed it over the same period GM has floundered. Wont even mention Tesla. NIO and Li have done well. You've got a handful of the SPAC bunch ranging from total dogshit, to somewhat interesting. Unless of course you insist of earning your "value investor badge" here. Where 20% in GM >>>>> 50-100%+ in another ticker.....

RadMan24

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Re: GM - General Motors
« Reply #1807 on: November 23, 2020, 11:22:39 PM »
Yeah...while Im happy the poor souls who have owned this forever are starting to see some money made, fact of the matter this is still just getting back to where it was in 2017 and 2018. As others have pointed out, the decision making here is poor. If your investment case is easy money coming into the EV sector, all around, I think you have better options than GM. Whats the upside? Maybe you hang around for another $10-20 a share? LOL Has anyone seen what kind of "easy money" is being made in other names? Why hang around for 20-30% in GM? Is GM a better company? IDK, GM is flirting with junk status, other companies have no debt or net cash. Network effect? Maybe, but GM is owned by the unions. Profitability? There's plenty of other profitable companies in the EV ecosystem. Mary Barra? Well, you guys can have her. One of the more valuable lessons Ive learned over the years is that if your investment thesis is "speculative", well then buy a company that will reward you for speculating. BYD has crushed it over the same period GM has floundered. Wont even mention Tesla. NIO and Li have done well. You've got a handful of the SPAC bunch ranging from total dogshit, to somewhat interesting. Unless of course you insist of earning your "value investor badge" here. Where 20% in GM >>>>> 50-100%+ in another ticker.....

Do you always troll the GM board? You're saying the same thing over and over. I own both GM and BYD and more than doubled GM and more than quintupled BYD. If you truly think Barra has not done a good job, you're a fool, especially after saying "there's plenty of other profitable companies in the EV spectrum." I'll name two: Tesla and BYD. I'll let you name the third. Good luck.

p.s. When you were speculating BRK was selling out of GM, the stock is up over 100% since then. Where's your badge?

Gregmal

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Re: GM - General Motors
« Reply #1808 on: November 24, 2020, 04:23:44 AM »
Jeez! Always so much hostility Radman. As most here know, I was a GM shareholder for a while. A little more than 6 years. I bought in around $30 during the ignition switch scandal and was quite pleased with the work of Ms Barra for awhile. But the information does change sometimes. I hedged out my position and sold out at $35 at the beginning of the year as it became clear to me that there are better uses for the money, which there have definitely been. If, as you allude to, you're up 50-100% on GM or whatever, thats only really possible if you've been trading the name...a big no no for real value investors. If you've simply been holding(we know you didn't initiate your position in March/April, and maybe you're up 50% gross over a many year period but thats not really anything special) the returns haven't been great. Unlike Xerxes, I am fairly certain you've been here much longer than 2 years. I dont get why you lose your shit or get so offended at opinions or analysis that differs from your own...You do the same shit in other threads as some have pointed out. Its not really a controversial statement or "trolling" to point out that if you are speculating on EV stuff there are better ways to do it than GM. In fact, just yesterday there were multiple EV universe companies who's returns in one day exceeded anything you would get out of GM. Its great GM is up 100% or whatever from the lows, the same way its great SRG has tripled from the short term lows, but its disingenuous as a multi year investor to sit here and pretend its been a good investment. When trading the crashes is the only way you are making money in a name, thats typically a bad sign. I know, because I did it in GM for years.

Spekulatius

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Re: GM - General Motors
« Reply #1809 on: November 24, 2020, 05:33:24 AM »
Did the narrative change the share price or did the change in share price change the narrative ? I have no clue as far as GM in concerned  but this year, it seems more like the latter to me in many cases.
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