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Also, mini-shoutout to Boilermaker Rick, who so rightly predicted that in December of 2011, the GM stock would be sitting at the strong figure of $20.10 per share.

If there is one thing I can always depend on from CSFMB, it is its numerous number of members with fantastic financial advice and analysis.

While I can clearly understand how and why some of you can become confused during these topics - that is a terrible cop-out.

I look forward to Rick's response. I know he'll do a little better than that one, at least.

I know part of JORR's argument was that they were too much of an unknown. So ridicule that if you will, but understand you are also ridiculing several millionaires who are paid to analyze these things.

So you believe those numbers are bullshit?

Do someone doubt Facebook was not swimming in cash???

bigfan wrote:

Do someone doubt Facebook was not swimming in cash???

I don't think they've ever released public financial statements. I believe they purposely structured the Goldman deal so that they didn't have to which drew some fire from the SEC. I'm sure they're not hurting for cash, but I'm just as sure that Zuckerberg is snaky as fuck.

Joe Orr Road Rod wrote:

bigfan wrote:

Do someone doubt Facebook was not swimming in cash???

JOR is a windbag

Joe Orr Road Rod wrote:

bigfan wrote:

Do someone doubt Facebook was not swimming in cash???

JOR is a windbag

JORR, remind me again why you think that Facebook isn't profitable? I don't recall the original premise of your point.

Obvious follow-up question: if and when Facebook does release financials, will you be satisfied or simply believe they are construed numbers?

Ugueth Will Shiv You wrote:

I see why you have given up your boredom threads...people just have to read your posts

But if they can so easily fund operations from profits, there isn't much reason to subject themselves to the scrutiny of shareholders. There are a lot of questions about Facebook. It will be interesting to see what happens in April.

Walt Williams Neck wrote:

Ugueth Will Shiv You wrote:

I see why you have given up your boredom threads...people just have to read your posts

Try harder, Walt. One day you'll get there. I have faith.

Another lame attempt....I guess you were a big fan of Welcome Back Kotter

immessedup17 wrote:

Did GM stock trade at all today?

I know previously their had been some confusion as to whether one could even get one share sold on the market

Oh and I know it's out of character for me to agree with JORR, but I will say that a lot of financial analysts have been saying the uncertainty and lack of specs and fundamentals about facebooks income made them skeptical.

Now that little by little Zuckerberg is opening up the books, its becoming attractive.

I know part of JORR's argument was that they were too much of an unknown. So ridicule that if you will, but understand you are also ridiculing several millionaires who are paid to analyze these things.

rogers park bryan wrote:

immessedup17 wrote:

Thanks for the bump IMU.

Boilermaker Rick wrote:

rogers park bryan wrote:

immessedup17 wrote:

Thanks for the bump IMU.

Everything I wrote was accurate.

GM is sitting under where it was 2 months after the 2011 IPO. Where is the growth?

It might be time for Ford and GM to pack up shop.

A $1,000 investment then would be worth more than $2,200 as of Nov. 30, according to CNBC calculations, including price appreciation and dividend gains reinvested.

4,000 GM workers were just fired today. But you're bringing up that if you bought the GM stock at it's absolute LOWEST POINT, 7 years later you'd have turned $1 into $2?

That's funny, because the Dow Jones at 25,089 is pretty much double what it was in 2012.

Author:	rogers park bryan [ Thu Dec 15, 2011 7:01 pm ]
Post subject:	Re: Joe Orr Road Rod
immessedup17 wrote: Also, mini-shoutout to Boilermaker Rick, who so rightly predicted that in December of 2011, the GM stock would be sitting at the strong figure of $20.10 per share. If there is one thing I can always depend on from CSFMB, it is its numerous number of members with fantastic financial advice and analysis. Did GM stock trade at all today? I know previously their had been some confusion as to whether one could even get one share sold on the market Oh and I know it's out of character for me to agree with JORR, but I will say that a lot of financial analysts have been saying the uncertainty and lack of specs and fundamentals about facebooks income made them skeptical. Now that little by little Zuckerberg is opening up the books, its becoming attractive. I know part of JORR's argument was that they were too much of an unknown. So ridicule that if you will, but understand you are also ridiculing several millionaires who are paid to analyze these things.

Author:	rogers park bryan [ Thu Dec 15, 2011 7:12 pm ]
Post subject:	Re: Joe Orr Road Rod
immessedup17 wrote: While I can clearly understand how and why some of you can become confused during these topics - that is a terrible cop-out. I look forward to Rick's response. I know he'll do a little better than that one, at least. What are you talking about? I have no dog in the GM stock fight. I never said whether it was good or bad. I just think it's odd for someone who made one of the most hilariously idiotic statements in the history of this board regarding stock markets would be attempting to make fun of others thoughts on the same subject You know the one About whether GM stock could be sold at the price it was trading? Believe it was averaging 15k a day at the time. You dont understand even the most basic concepts of anything about markets or how they trade. But ignorance never stops you from doing your thing and I for one can't wait to watch how this all turns out. But maybe you can accurately predict stocks. If so, good for you playa

Author:	JORR [ Thu Dec 15, 2011 7:24 pm ]
Post subject:	Re: Joe Orr Road Rod
rogers park bryan wrote: I know part of JORR's argument was that they were too much of an unknown. So ridicule that if you will, but understand you are also ridiculing several millionaires who are paid to analyze these things. Do we have actual financials on Facebook or do they just whisper stuff to websites like The Gawker? Oh, it didn't take much research to find this statement: "Facebook and Goldman Sachs refused to comment on whether the leaked media data are reliable."

Author:	Ugueth Will Shiv You [ Thu Dec 15, 2011 7:37 pm ]
Post subject:	Re: Joe Orr Road Rod
I saw Facebook and the NCAA at dinner the other night. Neither side wanted to pick up the check.

Author:	JORR [ Thu Dec 15, 2011 7:44 pm ]
Post subject:	Re: Joe Orr Road Rod
immessedup17 wrote: So you believe those numbers are bullshit? I don't know enough about them to comment intelligently. I will say from personal experience that corporations spin numbers all the time- for the better to raise funds, for the worse to dodge taxes. In this case they aren't even spinning a true financial statement but rather releasing rumors into the ether. Regardless of whether advertising revenue drove a billion dollar profit for Facebook in 2011, I have to believe the jury is still out going forward regarding the true market value of ads on Facebook. I consider myself a reasonably average consumer and I have NOT ONCE clicked an advertising link on Facebook. I don't doubt that companies scrambling to advertise on what has obviously become an extremely popular "internet within the Internet" may have driven huge profits for Facebook. But I think the results they are achieving with them and the way companies value those ads in the future is still to be determined.

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Author:	bigfan [ Thu Dec 15, 2011 7:49 pm ]
Post subject:	Re: Joe Orr Road Rod
Do someone doubt Facebook was not swimming in cash???

Author:	JORR [ Thu Dec 15, 2011 7:52 pm ]
Post subject:	Re: Joe Orr Road Rod
bigfan wrote: Do someone doubt Facebook was not swimming in cash??? I don't think they've ever released public financial statements. I believe they purposely structured the Goldman deal so that they didn't have to which drew some fire from the SEC. I'm sure they're not hurting for cash, but I'm just as sure that Zuckerberg is snaky as fuck.

Author:	Walt Williams Neck [ Thu Dec 15, 2011 7:56 pm ]
Post subject:	Re: Joe Orr Road Rod
Joe Orr Road Rod wrote: bigfan wrote: Do someone doubt Facebook was not swimming in cash??? I don't think they've ever released public financial statements. I believe they purposely structured the Goldman deal so that they didn't have to which drew some fire from the SEC. I'm sure they're not hurting for cash, but I'm just as sure that Zuckerberg is snaky as fuck. JOR is a windbag

Author:	JORR [ Thu Dec 15, 2011 8:02 pm ]
Post subject:	Re: Joe Orr Road Rod
Walt Williams Neck wrote: Joe Orr Road Rod wrote: bigfan wrote: Do someone doubt Facebook was not swimming in cash??? I don't think they've ever released public financial statements. I believe they purposely structured the Goldman deal so that they didn't have to which drew some fire from the SEC. I'm sure they're not hurting for cash, but I'm just as sure that Zuckerberg is snaky as fuck. JOR is a windbag Jesus, Walt! It was three entire sentences. I wonder what you think of Sinicalypse. Anyway, a lot of people in this forum apparently don't understand the differences between profit, revenue, cash on hand, market cap, etc. If I'm not mistaken, the SEC has ordered a release of the financials by April, 2012 due to the fact Facebook has exceeded the 500 investor limit. At that point there won't be anything to speculate about, although companies like Andersen and Enron have released phony numbers.

Author:	JORR [ Thu Dec 15, 2011 8:17 pm ]
Post subject:	Re: Joe Orr Road Rod
Ugueth Will Shiv You wrote: JORR, remind me again why you think that Facebook isn't profitable? I don't recall the original premise of your point. Obvious follow-up question: if and when Facebook does release financials, will you be satisfied or simply believe they are construed numbers? I don't think it isn't profitable. I just don't think the average guy has any real clue how profitable it actually is. I've read $700 million through the first three quarters of 2011. But there isn't really anything out there to support that. Facebook has always played their numbers close to the vest. They've resisted releasing the information. They clearly weren't happy that the SEC demanded it. I think the general belief is that if they are going to be forced to release numbers like a public company they may as well reap the benefits of a public company, i.e., the ability to raise a huge amount of cash very quickly. But if they can so easily fund operations from profits, there isn't much reason to subject themselves to the scrutiny of shareholders. There are a lot of questions about Facebook. It will be interesting to see what happens in April. Finally, I think all corporate numbers are suspect to some degree, but only very rarely to the point where one might consider them to be a scam, e.g., Enron.

Author:	JORR [ Thu Dec 15, 2011 8:25 pm ]
Post subject:	Re: Joe Orr Road Rod
Here's a Zuckerberg quote from late last year (I do realize things move very quickly in this space and a year is an eternity. But the original Facebook discussion here was in that time-frame): "Facebook is focused on gaining users and improving the experience for existing users, so any extra cash is just reinvested in the product. That’s why the company is still run at 'around' break-even level. There’s no point right now in having a massive profit", Zuckerberg said.

Author:	IMU [ Mon Feb 04, 2019 12:09 pm ]
Post subject:	Re: Joe Orr Road Rod
Bump. tl;dr IMU was right, 'several millionaires who are paid to analyze these things' and JORR were wrong.

Author:	Brick [ Mon Feb 04, 2019 12:13 pm ]
Post subject:	Re: Joe Orr Road Rod
rogers park bryan wrote: immessedup17 wrote: Also, mini-shoutout to Boilermaker Rick, who so rightly predicted that in December of 2011, the GM stock would be sitting at the strong figure of $20.10 per share. If there is one thing I can always depend on from CSFMB, it is its numerous number of members with fantastic financial advice and analysis. Did GM stock trade at all today? I know previously their had been some confusion as to whether one could even get one share sold on the market Oh and I know it's out of character for me to agree with JORR, but I will say that a lot of financial analysts have been saying the uncertainty and lack of specs and fundamentals about facebooks income made them skeptical. Now that little by little Zuckerberg is opening up the books, its becoming attractive. I know part of JORR's argument was that they were too much of an unknown. So ridicule that if you will, but understand you are also ridiculing several millionaires who are paid to analyze these things. Thanks for the bump IMU.

Author:	rogers park bryan [ Mon Feb 04, 2019 12:15 pm ]
Post subject:	Re: Joe Orr Road Rod
Boilermaker Rick wrote: rogers park bryan wrote: immessedup17 wrote: Also, mini-shoutout to Boilermaker Rick, who so rightly predicted that in December of 2011, the GM stock would be sitting at the strong figure of $20.10 per share. If there is one thing I can always depend on from CSFMB, it is its numerous number of members with fantastic financial advice and analysis. Did GM stock trade at all today? I know previously their had been some confusion as to whether one could even get one share sold on the market Oh and I know it's out of character for me to agree with JORR, but I will say that a lot of financial analysts have been saying the uncertainty and lack of specs and fundamentals about facebooks income made them skeptical. Now that little by little Zuckerberg is opening up the books, its becoming attractive. I know part of JORR's argument was that they were too much of an unknown. So ridicule that if you will, but understand you are also ridiculing several millionaires who are paid to analyze these things. Thanks for the bump IMU. Everything I wrote was accurate.

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Author:	Brick [ Mon Feb 04, 2019 12:16 pm ]
Post subject:	Re: Joe Orr Road Rod
rogers park bryan wrote: Boilermaker Rick wrote: rogers park bryan wrote: immessedup17 wrote: Also, mini-shoutout to Boilermaker Rick, who so rightly predicted that in December of 2011, the GM stock would be sitting at the strong figure of $20.10 per share. If there is one thing I can always depend on from CSFMB, it is its numerous number of members with fantastic financial advice and analysis. Did GM stock trade at all today? I know previously their had been some confusion as to whether one could even get one share sold on the market Oh and I know it's out of character for me to agree with JORR, but I will say that a lot of financial analysts have been saying the uncertainty and lack of specs and fundamentals about facebooks income made them skeptical. Now that little by little Zuckerberg is opening up the books, its becoming attractive. I know part of JORR's argument was that they were too much of an unknown. So ridicule that if you will, but understand you are also ridiculing several millionaires who are paid to analyze these things. Thanks for the bump IMU. Everything I wrote was accurate. Yup. I was laughing at IMU, not you.

Author:	JORR [ Mon Feb 04, 2019 12:26 pm ]
Post subject:	Re: Joe Orr Road Rod
I wasn't making any comment about what Facebook's financials would look like seven years later.

Author:	IMU [ Mon Feb 04, 2019 12:45 pm ]
Post subject:	Re: Joe Orr Road Rod
GM is sitting under where it was 2 months after the 2011 IPO. Where is the growth? It might be time for Ford and GM to pack up shop.

Author:	Brick [ Mon Feb 04, 2019 12:48 pm ]
Post subject:	Re: Joe Orr Road Rod
IMU wrote: GM is sitting under where it was 2 months after the 2011 IPO. Where is the growth? It might be time for Ford and GM to pack up shop. https://www.cnbc.com/2018/11/30/if-you-put-1000-dollars-in-general-motors-in-2012-heres-what-youd-have-now.html Quote: A $1,000 investment then would be worth more than $2,200 as of Nov. 30, according to CNBC calculations, including price appreciation and dividend gains reinvested.

Author:	IMU [ Mon Feb 04, 2019 1:02 pm ]
Post subject:	Re: Joe Orr Road Rod
4,000 GM workers were just fired today. But you're bringing up that if you bought the GM stock at it's absolute LOWEST POINT, 7 years later you'd have turned $1 into $2? That's funny, because the Dow Jones at 25,089 is pretty much double what it was in 2012. Chipotle was the better investment in 2012. Even with all of its publicized catastrophes, you'd have made more money.

Author:	Brick [ Mon Feb 04, 2019 1:06 pm ]
Post subject:	Re: Joe Orr Road Rod
IMU wrote: 4,000 GM workers were just fired today. But you're bringing up that if you bought the GM stock at it's absolute LOWEST POINT, 7 years later you'd have turned $1 into $2? That's funny, because the Dow Jones at 25,089 is pretty much double what it was in 2012. You asked where the growth has been. A $1,000 investment in 2012 would be worth roughly $2,200 right now. There is your growth. Doubling your money in 7 years is what you should be happy with. Keep in mind that you aren't investing in GM as a "growth stock" because it is too big to expect massive gains. You want consistent gains and a decent dividend. As for the workers being fired, that will probably increase shareholder value!

Author:	veganfan21 [ Mon Feb 04, 2019 1:20 pm ]
Post subject:	Re: Joe Orr Road Rod
Who?