Good time to invest in G.M or Ford ?
02-18-2009, 08:46 PM
#22
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Sorry this is off topic, well part of it. Don't invest in a company that is owned, partly or in full, by the government.
My off topic item....
How is it possible that hundreds, likely thousands, of companies are able to manufacture and produce goods with out the "help" of Unions????
Last i checked people who worked at non union toyota and honda factories were still employed, making a competitive wage for the work they performed, and recieved benifits on par with other workers who work in typically non unionized areas (think business people, ect.) Unions had their place back in the early 1900's before gov't regulations came along to protect workers. They are an antiquated organization now and serve no purpose other then to try and milk money off the corporations that they infect.
People need to get off their high horse and realize they are not entitled to 60k a year jobs, 100% healthcare, guaranteed jobs regardless of performance, ect.
Working in construction sales i get to see Unions at work everyday. the only thing I have ever seen them promote is laziness. When two guys spend over an hour deciding who should place a piece of wood over a hole in a roof (the carpenter because he's covering it with plywood, or the metal worker because its a metal roof, plus the union steward who had to come moderate the shouting match) there is something seriously wrong.
Anyhow, again i wouldn't bet on GM being a good investmetright now. Look into alternative energy companies as a place to invest. That will have to be the industry that hlps lead us out of the recession we are in, as long as the government doesn't take over that industry too.
My off topic item....
How is it possible that hundreds, likely thousands, of companies are able to manufacture and produce goods with out the "help" of Unions????
Last i checked people who worked at non union toyota and honda factories were still employed, making a competitive wage for the work they performed, and recieved benifits on par with other workers who work in typically non unionized areas (think business people, ect.) Unions had their place back in the early 1900's before gov't regulations came along to protect workers. They are an antiquated organization now and serve no purpose other then to try and milk money off the corporations that they infect.
People need to get off their high horse and realize they are not entitled to 60k a year jobs, 100% healthcare, guaranteed jobs regardless of performance, ect.
Working in construction sales i get to see Unions at work everyday. the only thing I have ever seen them promote is laziness. When two guys spend over an hour deciding who should place a piece of wood over a hole in a roof (the carpenter because he's covering it with plywood, or the metal worker because its a metal roof, plus the union steward who had to come moderate the shouting match) there is something seriously wrong.
Anyhow, again i wouldn't bet on GM being a good investmetright now. Look into alternative energy companies as a place to invest. That will have to be the industry that hlps lead us out of the recession we are in, as long as the government doesn't take over that industry too.
02-18-2009, 11:01 PM
#24
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I say ford thats where my money is also oil is $35 a barrel right now OPEC is going to cut production to try to get it back to $70+ . Also like I just read alternative energy seems to be a big focus nowadays with Al Gores make believe global warming. I'm a NDE inspector and my industry is starting to slow down because of current oil prices but with the talks of alternative energy sources I may be back in luck with new infrastructures being built, wind mills, natural gas compressor stations, geothermal, and many other things in the works. Also as far a the Union goes last year me and 1 other guy ran circles on some Union Inspectors at Velero. They had 4 guys 1 PMI tech, 1 PT tech, 1 MT tech, and a UT tech. Me and my coworker did all techniques and finished the mechanical integrity job on time they where behind. All they did was argue and refuse to do anything that wasn't in there main technique WHAT A JOKE
something to think about
something to think about
Last edited by rusty2198; 02-18-2009 at 11:14 PM.
02-19-2009, 03:51 PM
#29
Staging Lane
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gm just declared then need sumtin like another 16 billion from the goverment...im gonna put more money in my account and when ford bottoms out again...prob back around $1-$1.15 buy more cuz if you hold onto it for long enough it will def. go back up and increase profits by as much as 800-900%
02-20-2009, 01:26 AM
#30
I own thousands of shares (yes thousands) of both GM and Ford.
And you don't want to know just how much I paid for them either.
Welcome to my world LOL.
And you don't want to know just how much I paid for them either.
Welcome to my world LOL.
02-20-2009, 01:11 PM
#32
How high do you all who has invested so much in ford expect it to be in lets say 6 months to a year? Im really thinking about ivesting in Ford but I have a few other companies in mind too. Also, its funny but GM shares are at a higher price then Ford shares as of today.
02-20-2009, 03:27 PM
#34
Neither is actually a good investment. Ford only has more cash on hand because it has mortgaged all its factories and real estate. It will be a loooonnng term gamble at best. As for gm flush your money down the toilet.
02-20-2009, 06:55 PM
#36
Staging Lane
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not an expert but here is my opinion...ford is a better bet then gm because before gm makes any money they need to pay back the govt...ford did not borrow any money...i would not invest in either if you are only looking to have it for 6 month to a year...financial experts are expecting the market to hit a low is about april then slowly go back up(very slowly) so if you are thinking about investing your best bet would be to put money into an account(such as sharebuilder.com) and watch ford stock everyday and once it looks like it bottomed out and is gonna go back up invest them( im thinking about $1.05-1.15) then if you hold on to the stock in about 2-4 years it will prob go back up maybe to $15-18 a share...invest $500 hold on...and in a few years it could be worth $7500-9000...this is just my opinion
02-20-2009, 06:56 PM
#37
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so to sum up...dont invest as a short term thing...but worth it as a long term deal...and even though we all drive chevy cars i wouldn't invest in GM...they just told the govt they need another 16.1 billion dollars
02-20-2009, 08:07 PM
#38
not an expert but here is my opinion...ford is a better bet then gm because before gm makes any money they need to pay back the govt...ford did not borrow any money...i would not invest in either if you are only looking to have it for 6 month to a year...financial experts are expecting the market to hit a low is about april then slowly go back up(very slowly) so if you are thinking about investing your best bet would be to put money into an account(such as sharebuilder.com) and watch ford stock everyday and once it looks like it bottomed out and is gonna go back up invest them( im thinking about $1.05-1.15) then if you hold on to the stock in about 2-4 years it will prob go back up maybe to $15-18 a share...invest $500 hold on...and in a few years it could be worth $7500-9000...this is just my opinion
