Working hard to give my family a better life than I was handed.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Ford is better investment than GM right now mainly due to TARP situation GM & Chrysl are tied to and neither of those will be able to meet terms the way it looks now...
But Obama's stimulus package is crap and will do nothing to help this economy or persons to be interested or able to purchase large priced items like cars or homes right now either- His "Porkulous Package" as it is quickly becoming known as is only monetary payback to democrat supporters of past who wanted monies but useless pork projects were shot down by Republicans in past because they were wasteful of taxpayer dollars, and now with total Democrat control, they are wasting $Billions & Billions more giving those to their friends and not one damn penny will aid this economy or the hard working average citizen out there.
Soon people will wake up and seee Obama is just another trained trial lawyer who uses legal deceit to get his agenda in order and there is no substance behind him or his promises, as this will only add more debt and costs to a majority of us average citizens out there to foot the bill for him to repay his bribes and unions and others who bought him this Presidency...
AND Mr. Obama, if you try to force AMERICANS TO BUY CARS YOU THINK THEY SHOULD HAVE, OR DEMAND STATES START BEING LIKE CALIFORNIA AS PELOSI WANTS REGARDING NEW EMMISSION STANDARDS, IT WILL BE TOTAL RUIN TO ALL US AUTO MAKERS AND THE LIKE AND TENS OF MILLIONS OF JOBS TRICKLING DOWN FROM THERE AS IN THIS ECONOMIC CLIMATE NO COMANY CAN COMPLETELY RETOOL AND REDESIGN ITSELF TO START TO BUILD CARS NOBODY WANTS NOR CAN THEY AFFORD TO...
Yes and why we increased positions in Ford as what we once thought to happen with GM did not and now with their deadline growing nearer for TARP report, I cannot see how they (GM) will be able to meet the terms of that deal for TARP funds..
Besides. all these deals at dealerships are BUNK and not deals at all- but slick campaigns to try to lure buyers in but the dealers have NOT lowered prices in my area at least, and still vehicle prices are simply too high to take on such new debt in this economy... This owner loyalty program is not any special deal and why after I looked into it here at our GM dealer, decided NOT to buy another GM vehicle right now as simply it would not save us any money and is a con job at best sadly...
Yeah, and I am glad we sold 90% of our GM stock 2 weeks ago as Obama's colors are coming out and the stimulus plan is an appropriations bill at best and will do nothing to stimulate economy (it is a monetary payback to others from the past)- they should have given funds to us millions of small business owners out there and that would have created massive stimulus to the economy...
We small business owners are the ONLY ones who support the Home Depots & Lowes and many other parts & material supplier firms across this nation in our business activities far greater than any homeowner does and would have been the smartest thing to have done with stimulus dollars..
This stimulus package the Democrats pushed through as fast as the Patriot Act is pork pure & simple and not any part of it will do a damn thing to help this economy. And because of this fact coming out, many are starting to wake up and see Obama's promises are words of still another trial lawyer in a high political position and he will NOT do any miracles as so many blindly supported and believed he could do... he is a man, not a Messiah... Obama & his administration is too radical and extremely liberal and their ideas will only further hurt & bankrupt this nation and all the true hard working citizens within it who are trying hard to believe in this country and its government, but it is becoming too unbearable to any longer...
I agree here too but am very leary of GM stock after recent events and hold only small position now with a few weeks to go for them to meet Fed terms which it seems they cannot in light of recent GDP and other massively negative economic reports out.
Many hard working People do not have enough cash to meet downpayments for vehicles or even homes, yet the new terms of many lenders as far as FICO scores eliminates I'd say 80% of all Americans from financing new vehicles or homes at this time so it is a double edged sword...
I sold 90% of my former GM stock over a week ago and actually increased positions in Ford from here, partly & mainly because Ford does not require any TARP funds like GM or Chrysler, etc which can be a double edged sword for those should they not meet terms of the banker (Fed) in a few weeks while Ford is way below cheap and its value and is the last opportunity in our lives to invest in this stock at such price levels for wonderful long term gains to any portfolio.
Well considering all things, I did add a small position of this stock to my long term portfolio last week...
Problem with anything right now is uncertainty with Obamanation and also all the 24/7 negative news weighing on everything regardless how great or solid it may be..
Yes and simply the sheer cost being spent on his inauguration is also upsetting with the US sconomy in the shape it is in.. he is a liberal socialist and that is it plain & simple- so any of you inteloligent enough or knowledgeable enough about this nation and its foundign rotos wills ee, he and thsoe who bought him into position will make changes for sure- but I will wager most will not be as many of you think will occur, and far more damage will coe out of this over the next 4 years and it will be too late before the masses realize hyping this first black man (half black) to president was nothing more than some massive political ploy instigated by the media...
NEVER say NEVER with GM bonds or anythign especially in today's market.. I and others have seen and ehard everything and most many would say could never happen even 1 year ago...
Until I feel better here with GM will I buy more. I own Ford predominently mainly because they do NOT require any TARP funds nor are governed by the US govt now because of taking such funds...
Yes this is definitely good, if the markets turn around and investors again trust the market, regulators, and overseers which many did not do their jobs and aided in this economic upheaval in the USA.
Neuropathy market will only get bigger as a majority of citizens become aged and acquire this and RBRM is the ONLY corp seated to take advantage of this new paradigm of the future that will take front stage- Kind of like the early days of 1980's when MSFT and Apple were little known yet were on verge of introducing technology and programs to a nation that hardly knew about them at the time, and then we see what the next 20 years did for them and their stock... I still remember a stock broker for a major firm then told me I was foolish buying stock in MSFT in mid 80's as they "only made some stupid computer program" he would tell me then.... The rest is history.
Maybe they can do a photo shoot with Obama holding one of the Rebuilder devices??!!
?????. After contacting RBRM corp many times in past years, right now if Dr. Phillips was looking for a time to promote his stock and biz better, markets now have settled down from massive swing days we saw in 2008, and a bottoming has occurred in many stocks; so this as I see it is best time for them to do something if they are going to live up to their words in their past PR's...
Yes now too much uncertainty with GM sadly and I own one because I still believe in buying American- but I have placed some monies into Ford instead mainly because they do not require any TARP funds as GM & Chrylser did and will do fine.
Yeah, unless they pull all dividends as many others have to free up more cash to meet financial obligations to the US Government...
I have begun to buy this stock again after 1 1/2 years watching them hold their own through so much crap in 2008.
When is this stock going back above $1.00/share again?? lol
Here's something to laugh about... We sold 90% of our GM stock because of very uneasy events surrounding GM right now and bailout funds verses UAW... We did initially like GM and saw it going to $10.00... But we bought into Ford here at these levels mainly because they have not required any TARP bailout funds and are holding their own..
If UAW does as expected, GM's loans will be called due by Feds for breach of contract and its stock will tank badly but Ford should stand up well going forward as we see it...
They have very little debt today compared to initial events nearly 2 years ago, and they still are going forward, yet today, soemone sold against them like other stocks so share price was down on light volume..
Long term I see them as winner regardless..
? Someone not like investing in CPSL and drove share price down??
I see them as great long term winner from these levels..
What? I sold 90% of my GM stock now becaue of some very uneasy feelings and actually bought into Ford at these levels.
We will have to see what occurs with Obama coming in and GM as if UAW does as they seem, GM will be called upon to repay loans to Feds and will hurt them badly, whereas Ford does not require any bailout funds and is holding up well in these times..
I need to see soemthing else other than PR 24/7 from GM now like some penny stock marketer, as that is usually a sign something is not being told to the public/shareholder that is detrimental so I will give this one some time to see what occurs before we take a large position again as we initially had.
I own a GM and like them but something feels bad here holding too muvh of this stock, as initially I saw $10.00 but the UAW seems hell bent on not allowing that to happen because of their unwillingness to adapt like most Americans have had to in these times...
I like this too, but truth is being on verge of national depression, will force peopel to not spend or be able tos pend, and all this alternative talk will cost people dearly...
Plus food is going much higher wiht Obama ? EPA tax being instituted on all farmers whose animals expell methane gas inot air, so this will be passe don to consumers in higher food costs too, limiting peopels' ability to affor dht ehigh costs with alt fuels or even standard fuels or new vehicles in general.....
Only a small fraction of the consumer can nor will be able to take advantage of these type vehicles or the new GM/Ford vehicles trying to regain sales again but cannot..
Pink OTC Markets Announces Limit Order Protection Changes
Nov 11, 2008
Pink OTC Markets News Service
New York, NY - Pink OTC Markets Inc., the leading electronic inter-dealer quotation system, trading technology and financial information provider for over-the-counter (OTC) securities, is pleased to announce a new FINRA rule change effective today for Limit Order Protection in the OTC marketplace.
Starting today, broker-dealers that handle customer limit orders in OTC equities, whether received from their own customers or from another member firm, cannot trade ahead of customer limit orders. This means that a firm cannot trade for its own account at a price equal to or better than a customer limit order without also executing the customer order.
This specialist-type obligation on OTC broker-dealers to execute customer limit orders price for price and share for share brings one of the most significant regulatory safeguards of trading exchange-listed securities to investors in the OTC market. This significant rule change will result in improved quality of executions for investors and improved OTC market efficiency.
Limit Order Protection will contribute substantially to transparency in the market, resulting in better and fairer executions for investors, as well as standardize the regulation of trading in listed and OTC securities. In recognition of this important advance in market structure, Pink OTC Markets is extending a free Real-Time Level 2 Quotes trial to issuers of securities in the Pink Sheets Current Information market tier for the next month. Investors using www.pinksheets.com will have access to real-time market maker quotes in order to better monitor the execution of their limit orders.
For more detailed information about the Limit Order Protection rule change:
http://www.finra.org/web/groups/rules_regs/documents/rule_filing/p038831.pdf
This is fine, but in reality right now on verge of a depression, how many Americans will be able to afford it or make necessary investment to upgrade their electrical systems at home for the charging system required for it??
REMEMBER, food is expensive right now and will get moreso, as Obama admnistration along with new EPA standards are going to charge a tax to all cattle farmers and such as they feel their animals expell too much methane into air which is pollutant hazard in their minds; so those increased costs are going to inflate much food to us consumers further erroding many peoples' desire to risk spending or taking on more debt as their incomes get further restrained on the net side.
I do like GM but we sold 90% of our stock for many reasons right now. I like calculated risk but something is awry here short term up to Obama swearing in... Maybe fact he will not use a Bible at ceremony or refuses to salute US flag??
Anyway, problem with GM (or others) is I haven't seen prices dropepd as mucha s I expecte don enw cars, and they are tryign to sell off the MSRP price which nobody buys from... Plus fact so many people today have less usable capital to buy large ticket items or cannot meet credit terms out there, plus as I spoke of in my state, the new interest rates some banks are charging for cars period is another concern...
And we can build all the solar or hydrogen cars or electric cars, but many consumers cannto afford the high ticket prices and for the electric car, many cannot afford to update their at-home electrical systemt to accomodate the encessary charging system for an electric car..
The auto dealers can show all their new high tech cars, but truth is, how many people are going to be able to afford them while the USA is seriosuly on verge of major depression right now..??? Freightliner who makes semi trucks here just announced thousands of job cuts at 4 plants in NC region so this tells you something longer term about long haul trucking/shipping industry demand....
GM will be fine long term:::
BEIJING (AP) - General Motors Corp. said Tuesday its sales in China rose 6 percent to 1.09 million vehicles in 2008, but growth slowed as consumers held back amid an economic downturn.
GM is looking to China's booming auto market to drive global sales growth as demand in North America and other developed markets slump.
GM is one of China's top automakers along with Germany's Volkswagen AG. Global producers have raced to open factories and tailor models for China, which has grown into the world's second-biggest vehicle market after the United States.
GM has been aggressive in China, setting up eight joint ventures, a vehicle development center in Shanghai and an alternative fuel research lab. Robert Socia, vice president of Shanghai GM, its passenger car joint venture, said in November the Chinese market is "very, very important to us."
REMEMBER PEOPLE INVESTING, GM IS NOW A GLOBALLY DIVERSIFIED CORPORATION AND DETROIT OR THE USA ITSELF IS NOT THE ONLY COMMON DENOMINATOR FOR IT ANY LONGER AND WHY IT WILL BODE WELL FROM HERE AND LONG INTO THE FUTURE- HELL THEY COULD CLOSE UP ALTOGETHER IN USA, IMPORT THE SAME VEHICLES WE USE TODAY FROM THE ASIAN REGIONS WHERE IT HAS NEW STATE OF THE ART MANUFACTURING FACILITIES, IF IT COMES TO THAT...
Too many are still closed minded to what is outside of their backyards..................
Agreed!
GM auto sales for December blew doors off analysts' negative number expectations and far better than Ford or Chrysler numbers!!!
See, the GMAC banking thing and TARP loan funds are working for GM if they continue going forward doing the right thing, but the union and the old ways are going to have to be changed to meld better in the current economy and decade we now live in...
Pondering RBRM and other OTC stocks::;
Those who know me or have seen me around know I invested in this corp long term for many solid reasons, and have experienced in past years there are some excellent small caps that start out and list OTC and then one day list on major regulated exchanges and can make the patient long term investor basically wealthy..
But though I don't listen to analysts or news pundits, I did catch Jim Cramer Friday night and a caller called in asking why he didn't talk about penny stocks on his show and he got very upset basically damning any Penny Stock and it made me mad to ehar him..... I think Cramer was way out of line and wrong on many levels... And to justify his reasons all one has to do is look back just 12 months, and see the hundreds of $Billions of corp white-collar fraud and other deception played upon many trusting investors while supposed trusted regulators for major large listed companies and their stock ruined many peoples' life savings invested on trust and belief of the prospectuses and brokers they utilized for such larger cap issues..
So with such loss and devaluations I and millions watch occur with supposed safe regulated exchange traded mid to large cap issues, how can anyone in today's world say the OTC/Penny Stock corps are any worse than those on the regulated exchanges like NYSE, NASDAQ, AMEX, etc??? because in my mind, you cannot do that; and you need to get back to salient sensible investing long term analyzing a company & its products and true valuations and its products it creates; and niche' companies with wide moat which used to be one of the top characteristics to invest in any company (wide moat), meaning the company either has a monopoly or majority control of a market niche' area through its products or services, and RBRM's devices are just that- wide moat- as they have no competition and have already time tested devices over many decades utilized in and throughout the whole medical spectrum.. So on this point alone and past communications with this corp, is why I as a long term investor believe in this corp and have invested a decent sum of my capital into its stock and business for the future gains I expect to see realized..
I also own some large cap issues and foreign issues to diversify myself, but RBRM is one of the few OTC's I believe you will see come out and shine this year after so much has been awashed throughout markets the last 1 1/2 years (major caps losing 80% or more value), and for Jim Cramer to go on his rant Friday as he did against any penny stock was absolutely stupid on his part; as many major corps globally chose to list on Pink Sheets and I can name several that pay massive dividends too if that is your game... One is an Alaskan Bank in fact, another is a French airline...
Anyone have comment on what occurred today between 11:30am and 12:30pm EST with RBRM stock soaring like 95% then sold back to its low on only 1/4 million share volume???
Weird man..
About GM dealers and incentive programs:
I did get out to chat with some dealers here in Hickory, NC region and this thing seems to be individualized (between Charlotte & Asheville region). One dealer I saw prices not slashed much from MSRP at all in fact, then I found another dealer 8 miles away with far better prices on these Red tag event labels that expire Monday. Then Sales Managers and F&I guys' attitudes seem to act like they had nothing to do with former car loan costs on consumers who got them through dealers and say the banks are now doing what they should have been all along........ But here in NC right now, banks directly are saying basically any "used" vehicle sold over 4 years in age is considered with no value, and they will loan up to 80% max against NADA but the loan will be considered "unsecured" and the new interest rates will start at 13% from prime lenders for these!!! If vehicle is less than 4 years old, you can get 7.9% car loan from prime banks direct here. So with higher interest rates now going to 30% here in NC for any used vehicle (for lower than 650 FICO's), plus mileage cut off for prime lenders being about 50,000 miles max, this will leave literally thousands of private used car lots here that will not be able to sell cars unless they get 100% cash sales which are rare... What I find funny, is I bought used vehicle 9 months ago from a franchised dealer and they talked big about it and great things of its value, etc; but today with new banking changes, the same dealer (like the bank) are now saying this same vehicle basically is not worth buying/financing at low rates because it has no intrinsig value as collateral, so will have to charge double digit rates to finance it!!??
Thing is, some of the dealers here as cost cutting were closed New Years Day, not going to be open Saturdy or even Sunday to cut operational costs, so it limits the prospective buyer to a couple days at best for this GMAC program. And I will be honest, of all the hundreds of prices I saw "Red Tagged", I was still disappointed to see the sticker prices of those vehicles and am in market to buy new car right now, but I was not excited to buy at the prices I saw here... Best prices I saw were only maybe $2,000.00 off the MSRP and that is it.... Not really a "deal" in my eyes as owner of 27 vehicles in my lifetime.
The GMAC program is wonderful (no fuss) if you have a FICO of 621 or better and a job, as the rebates and bonus cash is given to GMAC from GM but as in case of dealers I talked to, it seems they are playing with the MSRP to still try to make the higher profits as in past and not really working hard to try to lower prices to make customers want to buy them as I see it.
I like this stock long term and do own it, and feel those bondholders bashing GM's equity daily need to not be so "confident" holding the likes of GMS, GMP, GMW, as to allow this corp or its common stock to disapepar as many bondholders would love to see would be foolish here (after all the Fed funds & banking license given to GMAC), and something is about to happen and the common stock will and needs to survive, as what other reason would there be for major funds/institutionals/buyers invest long term in the stock (or the small investor) if it had no value? What is going on lately short term is very small specs on low volume moves during major holiday vacation period for traders and the like so bondholders do not get your hopes up too much, as this stock will be fine and survive otherwise everything the government has done is for nothing and the USA will cease to exist and every company be bankrupt and 300million people out of work and not a damn thing moving in this nation and we become like Ethiopia here in the USA- this scenario I do not think will be "allowed" to ever occur....
I am not a stock flipper and new Fed regulation is going to clamp down on that and other pracrtices this year as I see it. I am a longer term investor managing a portfolio of good stocks at these historical levels...
Also here is interesting news to see about GM/GMAC out this morning:
GMAC, GM Agree To Amend Financing Services Agreement
Last update: 1/2/2009 7:18:44AM
DOW JONES NEWSWIRES GMAC LLC said Friday that it agreed to amend its financing services agreement with General Motors Corp. (GM), allowing GM the option to offer auto financing incentives through a third-party financing source for two years under some circumstances. Under the original 2006 agreement, whenever GM offers financing incentives such as lower interest rates than market rates, it was obliged to do so through GMAC. GM received an annual fee from GMAC for granting the exclusive right to provide that financing, which was effective through November 2016. GM and GMAC agreed to finalize the amendment by March 29. In a filing with the Securities and Exchange Commission, GMAC said that after the two-year period, GM can offer any such incentive programs on a graduated basis through third parties on a non-exclusive, side-by-side basis with GMAC. After Dec. 24, 2013, GM will have the right to offer retail financing incentive programs through any third-party financing source, including GMAC, without any restrictions, the filing said.
Though I did not like seeing this late day selling by small specs and low volume during a holiday, but this also closed a technical trading gap left open so had to be- from here it is up and away now...
Wait for big traders and houses to come back from vacation and this thing rocket to $10.00 range as with recent events occurring, they essentially just elevated available cash basis for GM in a very short time so when financials are reported, millions are goign to get a surprise and see they are doing very well globally...
Something to ponder with LUM;;
With mortage rates now at literally all time lows, and Fed rate at all time low, could there be something within this managerie of LUM and ARCO and the legal fiasco that could inevitably see the whole portfolio valuation change to the upside to where it alters the initial expected outcome of this company??
Because what gets me is seeing so much trading activity still on this stock, and I mean some days of unbelievable high volume, and this all is not normal for a supposed dead corp...
But then again, nothing these days amazes me.
GMAC to issue $11.6 billion in new notes
8:25a ET December 31, 2008 (MarketWatch)
NEW YORK (MarketWatch) -- GMAC said Wednesday it will issue $11.9 billion in new GMAC senior guaranteed notes of various series and approximately $2.6 billion aggregate liquidation preference of new GMAC cumulative perpetual preferred stock. The financing arm owned by Cerberus Capital Management L.P. and General Motors Corp. consumated private exchange offers and cash tender offers to purchase or exchange its debt.
Interesting new developments with GM?
GMAC: Consummation Of Rescap Offer To Result In Issuance Of $483M Aggregate Principal Amt Of New GMAC 8% Sr Notes Due 2018
Last update: 12/31/2008 8:16:59 AM
Wonder if Obama's new socialistic government and socilaized medical industry will or would have any effect on this corp and its stock in future???
Numbers and action looks good to me too, but this dog keeps sleeping like exactly at 20 cents level day in and day out...
Yes, It will be one of the small caps that benefit from here as many did after 1933 ended...
We will never have such low prices again and ENT standing still after so much bad in markets gives testament to them long term...
agree too and after GMAC just received bank status and GM's new plant in China meeting new demand there in Asia, GMAC now can loan to credit scores at 625 now whereas before they could not- so this will move millions of new vehicles and demand for steel will only increase from here...
F*CK the unions as funds are starting to buy back into GM stock starting today...
This is what I and others have been saying a long time regarding credit facilities as most people have no idea about the 3 major credit bureaus or how they have altered reporting quietly on persons today from what people were accustomed to, in effect seeing 85% of Americans now having a score of only 625 or lower! Very few people have what is deemed "excellent credit" and there are many reasons for this today and NOT always because the borrower or person in concern did something illegal or bad. Events that have happened including credit card companies using bad tactics have affected many people wrongly and this has kept so many hard working people from receiving loans who can actually afford them- because the previous credit limit FORCED people to go to subprime lenders as in case of my state of NC, they can charge up to 30% interest rates which is legalized loan sharking keeping people caught in a credit rut hardly able to pay their ways out of this..
So this GMAC matter will now allow hundreds of thousands of borrowers to go after new cars at reasonable prices & reasonable interest rates from GMAC dealers and receive incentives from the manufacturer which before they were kept from because maybe 15% of Americans out there could ever qualify for them!!