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.

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

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."

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Ecclesiastes 5:8

I saw Facebook and the NCAA at dinner the other night. Neither side wanted to pick up the check.

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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Ecclesiastes 5:8

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

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"That's what the internet is for. Slandering others anonymously." Banky
“Been that way since one monkey looked at the sun and told the other monkey ‘He said for you to give me your fuckin’ share.’”

Biggie. Trust me on this one. You don't want to open that can of worms.

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.

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Ecclesiastes 5:8

JOR is a windbag

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I'm going to bounce from the spot for awhile but I will be back at some point to argue with you about this hoops stuff again. Playoffs have been great this season. See ya up the road.

I'm out.

Congratulations. You have successfully misspelled a four-letter name.

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.

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Ecclesiastes 5:8

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

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I'm going to bounce from the spot for awhile but I will be back at some point to argue with you about this hoops stuff again. Playoffs have been great this season. See ya up the road.

I'm out.

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.

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Ecclesiastes 5:8

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

That is a very solid point, however there are obvious additional benefits to going public than just growth in profitability. While increased capital is the most distinct advantage, I imagine Zuckerberg is using this as more of an exit strategy to his next project.

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

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I'm going to bounce from the spot for awhile but I will be back at some point to argue with you about this hoops stuff again. Playoffs have been great this season. See ya up the road.

I'm out.

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.

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Ecclesiastes 5:8

Riiight...

Bump.

tl;dr IMU was right, 'several millionaires who are paid to analyze these things' and JORR were wrong.

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Rick Hahn is the best GM in baseball.

Thanks for the bump IMU.

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You do not talk to me like that! I work too hard to deal with this stuff! I work too hard! I'm an important member of the CSFMB! I drive a Dodge Stratus!

Everything I wrote was accurate.

Yup.

I was laughing at IMU, not you.

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You do not talk to me like that! I work too hard to deal with this stuff! I work too hard! I'm an important member of the CSFMB! I drive a Dodge Stratus!

I wasn't making any comment about what Facebook's financials would look like seven years later.

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Ecclesiastes 5:8

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.

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Rick Hahn is the best GM in baseball.

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You do not talk to me like that! I work too hard to deal with this stuff! I work too hard! I'm an important member of the CSFMB! I drive a Dodge Stratus!

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.

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Rick Hahn is the best GM in baseball.

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!

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You do not talk to me like that! I work too hard to deal with this stuff! I work too hard! I'm an important member of the CSFMB! I drive a Dodge Stratus!

Who?

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Successful calls:

Kyrie Irving will never win anything as a team's alpha: check
T.rubisky is a bust: check
Ben Simmons is a liability: check
The Fields Cult is dumb: double check

2013 CSFMB ROY