GM IPO

SomeGuy · **Posted:** Mon Aug 22, 2011 10:51 am

immessedup17 wrote:

I've never known anyone to be a 'Saab' guy, this is something.

SAAB had a very loyal and very niche following. They were never a volume brand, at least not in North America, but they were profitable.

Douchebag · **Joined:** Tue Aug 19, 2008 3:03 pm **Posts:** 43867

immessedup17 wrote:

I've never known anyone to be a 'Saab' guy, this is something.

Swingandalongonetoright · **Posted:** Mon Aug 22, 2011 11:11 am

immessedup17 wrote:

I've never known anyone to be a 'Saab' guy, this is something.

Assuming they stick around, this is the brand I will support with each new auto purchase.

Swingandalongonetoright · **Posted:** Mon Aug 22, 2011 11:49 am

Yeah, I was *this close* to trading in my '07 9-3 for the Turbo X, and then I got my driving privileges put on hold, which dashed those aspirations.

Swingandalongonetoright · **Posted:** Mon Aug 22, 2011 12:38 pm

Not sure, I think you may be confusing the recently introduced AWD version of the 9-3. The Turbo X was a one time thing- a 2008 special edition of which only a handful were produced.

I love my car like I would my children, but wouldn't hesitate for a moment to swap it for that. Everything about the above picture is pure.

I might be an awful parent one day.

lipidquadcab · **Posted:** Mon Aug 22, 2011 3:38 pm

immessedup17 wrote:

I've never known anyone to be a 'Saab' guy, this is something.

15 years ago or so while I was staying at a hotel in Wisconsin they were holding a Saab convention...lots of people walking around with nametags saying "my name is ____ and I own a SAAB"

Hardcore.

Phil McCracken · **Posted:** Mon Aug 22, 2011 3:39 pm

lipidquadcab wrote:

immessedup17 wrote:

I've never known anyone to be a 'Saab' guy, this is something.

15 years ago or so while I was staying at a hotel in Wisconsin they were holding a Saab convention...lots of people walking around with nametags saying "my name is ____ and I own a SAAB"

Hardcore.

Funny that they used the same language that alcoholics use.

Chus · **Posted:** Wed Sep 14, 2011 11:11 am

lipidquadcab wrote:

immessedup17 wrote:

I've never known anyone to be a 'Saab' guy, this is something.

15 years ago or so while I was staying at a hotel in Wisconsin they were holding a Saab convention...lots of people walking around with nametags saying "my name is ____ and I own a SAAB"

Hardcore.

My 7th grade science teacher referred to her Saab at least ten times per week.

Frank Coztansa · **Posted:** Mon Nov 28, 2011 3:35 pm

immessedup17 wrote:

Volt batteries catch fire after crashes.

I'm sorry you're a bad driver.

Chus · **Posted:** Fri Dec 30, 2011 8:41 pm

immessedup17 wrote:

http://jalopnik.com/5872097/gm-admits-it-maybe-forgot-to-put-brake-pads-on-your-chevy-sonic

"Oh hai, this is General Motors. Have you recently purchased a Chevrolet Sonic? We forgot to put brake pads on it. Our bad."

That article says that 2002 Sonics are being recalled. How could someone drive a car without brake pads for nine years?

Free Ajent · **Posted:** Fri Dec 30, 2011 8:42 pm

Chus wrote:

How could someone drive a car without brake pads for nine years?

There is this thing called.....women.

Chus · **Posted:** Fri Dec 30, 2011 9:16 pm

I guess this IPA is kicking in. I can't even read.

rogers park bryan · **Joined:** Wed Sep 24, 2008 12:16 pm **Posts:** 81625

Is GM trading today?

I know there has been some confusion as to how the stock market works and whether or not a stock that averages 8 million trades a day could be sold

Someone here actually questioned whether or not you could get the stock sold!

rogers park bryan · **Joined:** Wed Sep 24, 2008 12:16 pm **Posts:** 81625

immessedup17 wrote:

Or someone misinterpreted what was being said.

No the person clearly wrote

That's if you can get it sold, I dont see many people wanting to buy the stock at that price.

At which point it was pointed out that something like 12 million people bought it that day.

But whatever. We cant all be stock market experts.

rogers park bryan · **Joined:** Wed Sep 24, 2008 12:16 pm **Posts:** 81625

No that is not at all what happened. You stated two different times that the stock wasnt worth the price it was trading at.

You gave an example using your car.

Anyways, revise the history all you want. Have fun!

Darkside · **Posted:** Mon Jan 23, 2012 11:40 am

LOL.
IMU got owned yet again.
:lol:

Brick · **Posted:** Fri Mar 02, 2012 5:45 pm

immessedup17 wrote:

General Motors...where U.S. Dollars go to die...

I know you aren't confrontational any more but do you not understand that the Chevy Volt is not designed to make any money at all this year or likely the next few years?

Baby McNown · **Posted:** Fri Mar 02, 2012 5:52 pm

immessedup17 wrote:

General Motors...where U.S. Dollars go to die...

How many US dollars have come back from the bank bailout? Just askin. I don't see threads screaming about that one.

Brick · **Posted:** Fri Mar 02, 2012 5:55 pm

immessedup17 wrote:

Or ever if the model is canned before it become profitable, yes?

Which is very possible at the moment.

It won't be cancelled though the technology may be transformed into something else. I guess someone could invent a hydrogen car tomorrow that made it obsolete but primary electric cars aren't going away.

However, let's say they cancelled it two years down the road. It still was absolutely the right choice to attempt. GM originally stated the development costs of the Volt would be around $750 million. Let's double that for total cost up until today. That's $1.5 billion over a few years. GM expects to have sales of about $150.3 billion in 2012. In 2011, they had a profit of $7.6 billion. This is in a recovering economy too.

$1.5 billion is nothing to them with the upside that is the Volt. They take in 100 times that every year, and if things continue as they are that will raise.

Not a bad investment for something that could literally be the future of the company.

Brick · **Posted:** Fri Mar 02, 2012 5:56 pm

Baby McNown wrote:

immessedup17 wrote:

General Motors...where U.S. Dollars go to die...

How many US dollars have come back from the bank bailout? Just askin. I don't see threads screaming about that one.

TARP has been profitable for the government.

The government may lose a little bit of money on the GM bailout, but it was worth it and was clearly the right choice.

Brick · **Posted:** Wed Jul 11, 2012 1:26 pm

immessedup17 wrote:

Stock is at $19.87.

The hard-working American citizens that found it in their hearts to support the domestic manufacturer's IPO have lost 42.7% of their investment.

Hopefully they had a diversified portfolio.

SomeGuy · **Posted:** Wed Jul 11, 2012 3:51 pm

immessedup17 wrote:

Damn, just as the Cruze was starting to cement a respectable reputation...

Quote:

GM Recalls 413,418 Chevy Cruzes Because They Might Burst Into Flames

Chevrolet is on fire this year, literally. After a National Highway Traffic Safety Administration investigation into Chevy Volt battery fires, the bowtie is in the hot seat again, this time for its so far much lauded 2011 and 2012 Cruze models.

There's a problem with the engine cover where if oil leaks onto the hot exhaust pipe, the plastic cover catches fire. Chevrolet, eager to hang on to its recent J.D. Power & Associates award for build quality, issued a recall for 413,418 cars, encouraging Cruze owners to avoid fiery death and have the problem fixed for free at any Chevrolet service center.

Chevy Runs Deep®
Live Better®
Engine Bay Fire Guaranteed®

The aerodynamic under-body panel is the culprit. If an oil change is done in a sloppy fashion some oil can build up on the inside of the panel, the engine exhaust or general heat then causes problems. It isn't a mechanical engine problem.

I'm pretty sure its just for the U.S. model as that under-body engine cover is U.S. spec.

Brick · **Posted:** Wed Jul 11, 2012 4:27 pm

immessedup17 wrote:

Code:

 Post subject: Re: GM IPO
PostPosted: Thu Nov 18, 2010 9:38 am 

Boilermaker Rick wrote:

immessedup17 wrote:

I think a fair amount will be sold pretty quickly. To people who already own them. Then those shares will plummet, and everyone who invested will be out again.

I predict that the the share price will raise after the IPO and stay there for a long time. I will bump this in the future and we can see who was right. I'll admit I was wrong if the IPO price ends up being the high price that it ever gets. I expect you to do the same if it isn't.

Yeah, I admitted I was wrong about that a while ago. What is your point?

Brick · **Posted:** Wed Jul 11, 2012 4:32 pm

immessedup17 wrote:

You said you would bump it in the future. You never did. I figured you wanted me to do it.

Dude. I bumped it the first time I noticed it was wrong. Don't make me start ignoring you if this is the kind of route you feel like taking.

Brick · **Posted:** Wed Jul 11, 2012 6:44 pm

immessedup17 wrote:

I don't remember you bumping it.

Well, maybe get your facts straight before you say something? "You said you would bump it in the future. You never did." is factually incorrect and it was really easy to look it up.

Brick · **Posted:** Wed Jul 11, 2012 6:49 pm

I do have to laugh at this thread. IMU picks one of the few times I've admitted I was wrong to call me out for not admitting I was wrong. That's pretty unlucky. :lol:

SomeGuy · **Posted:** Wed Jul 11, 2012 6:54 pm

immessedup17 wrote:

SomeGuy wrote:

I'm pretty sure its just for the U.S. model as that under-body engine cover is U.S. spec.

Just wait...the Cruze seems like a prime candidate for some ugly JDM conversions once the used prices drop a bit.

I think the Cruze is a sharp looking car, if I see some turdface ruin an exterior with non-functional aero tack-on's I will probably run them off the road.

"Yeah, lets put a huge rear wing on my front wheel drive car!

Brick · **Posted:** Wed Jul 11, 2012 7:18 pm

immessedup17 wrote:

I never said you never admitted you were wrong. Feel free to look that one up as well.

I inferred that your comment was saying that with the "never bumped it comment". However, if you want me to take it literally, am to believe that you did not remember me posting in this thread since I made that last comment? :lol:

I guess you have a poor memory.

Now, we all know that you meant I never addressed my wrong prediction, but if you want to do what IMU does then go for it.

Killer V · **Posted:** Thu Jul 12, 2012 5:51 am

Brick · **Posted:** Thu Jul 12, 2012 10:49 am

immessedup17 wrote:

No, "we" don't all know anything. Just because you have made posts doesn't mean you ever bumped it. I did not recall you bumping it, and I don't reread each thread every week. I do recall you saying you'd bump that prediction, and I made sure it was bumped. You bumped it previously? Fantastic. But better safe than sorry.

http://score670.com/phpBB/viewtopic.php?p=1035076#p1035076..and then two posts down from that.

In the future, if you are going to say someone didn't do something, check to make sure you aren't completely wrong.

GM IPO

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