Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: IQBAL LATIF who wrote (49458)	11/23/2005 12:43:32 AM
From: IQBAL LATIF	Respond to of 50167

Detroit Callin' on americacorp news; it seems that all-powerful bellwether of Detroit; General Motors has cut 30000 jobs (5000 more than originally predicted). furthermore in the latest business week article illustrated that within two year GM had burnt $10bn, it only $19bn left of that might cash pile.. general motors has a strong finance division, GMAC (which is considered to be its crown jewel) and if 51% of GMAC is sold to a relatively strong & stable financial co. then the credit profile of the two companies will once again diverge.. for my two cents worth at 23$, trading at a 52 week range of 20-40$ (and half price from last year where it was trading around 40$) I think general motors is a good investment in the long term (which is why savvy investor Kerkorian bought a ~10% stake in the company a few months back at $31). i thought i would conclude with a few smart words from a USA today article If the prospect of seeing GM shares trade in the $20 range sparks ulcerative juices, Kerkorian's offer may seem an easy way out. After all, the company was knocked down to junk-bond status by Standard & Poor's last week. Stephen Cheetham, an analyst at Bernstein Research, says individual investors should steer clear of the auto sector. "The fundamentals are pretty awful," he says. "As a small investor, I would not want to own GM at all. If you own GM, I would suggest you do so as a fairly high-risk bet." But Kerkorian may see real value in GM's shares. Charles Lemonides, chief investment officer at ValueWorks, thinks GM's shares could go as high as $70. "People love to hate this company and hate this stock," Lemonides says. btw for what my two-cents are worth on this topic; i seem to think that General Motors is a strong equity investment for the long-term (i would say a 5-year investing horizon). but then as John Maynard Keynes so poignantly stated in the long run we are all dead. posted by Zachary at 22:33 \| 0 comments links to this post

To: IQBAL LATIF who wrote (49458)	11/23/2005 7:23:49 AM
From: IQBAL LATIF	Read Replies (2) \| Respond to of 50167

This day in history.. Ley Juárez passed 1855: Passed this day in 1855 in Mexico, the Ley Juárez abolished special courts for the clergy and military in an attempt by justice minister Benito Juárez to eliminate the remnants of colonialism in Mexico and promote equality. 1935: Lincoln Ellsworth landed on Ellsworth Land, Antarctica, and claimed it for the United States, a claim the U.S. government has never taken up. 1863: The Battle of Chattanooga, a decisive Union victory during the American Civil War, began. 1765: The British Stamp Act received its first repudiation from jurists in the Frederick County Court House in Frederick, Maryland. 1407: Louis I, duc d'Orléans, was assassinated by agents of John the Fearless, duke of Burgundy, during a power struggle over control of the French king Charles VI.