share price

Like I said the market has grown. It was not too long ago, when the market hit 8,000,000, that GM sold around half of all vehicle sold in the US. They sell far more vehicles today against far more competators

Actually GM stock price is closer to $30 and the the first quarter divindend yield was near 9% ;)

Last trade $19.47

Last trade $19.47

In today's economy, GM is one of the least likely stocks that I would choose.

Better do a bit more research before you chose to comment further on a subject of which you obviously have little or no knowledge Actually GM stock price has been higher, that was why it split two for one on two ocassions since i first pruchased GM stock LOL

Last trade $19.47

This graph tells the story

Now it close to the lowest point and the volume is at max which is a very telling that there are a lot of people getting out of this share and they fear the worst and are cutting their losses.

What part of stock splits, on the price per share, do you not understand? Ever hear of seller who buy as the stock price fluxuates? ;)

Now it close to the lowest point and the volume is at max which is a very telling that there are a lot of people getting out of this share and they fear the worst and are cutting their losses.

Really? Do you know an other stock where one can get a nearly an 8% return on a $20 investment? ;)

Earnings Estimates Qtr(3/08) Qtr(6/08) FY(12/08) Average Estimate -0.61 0.04 -0.19 Number of Analysts 11 9 13 High Estimate 0.20 1.15 3.27 Low Estimate -2.25 -1.71 -5.50 Year Ago EPS 0.17 2.29 -0.04 Growth Rate -460.96% -98.30% -376.92%

The earnings estimatesfor Gm are really bad

The rate of return for the first quarter of 2008 was 7.7%

Earnings Estimates Qtr(3/08) Qtr(6/08) FY(12/08) Average Estimate -0.61 0.04 -0.19 Number of Analysts 11 9 13 High Estimate 0.20 1.15 3.27 Low Estimate -2.25 -1.71 -5.50 Year Ago EPS 0.17 2.29 -0.04 Growth Rate -460.96% -98.30% -376.92%

The earnings estimatesfor Gm are really bad

This graph tells the story

Now it close to the lowest point and the volume is at max which is a very telling that there are a lot of people getting out of this share and they fear the worst and are cutting their losses.

IIRC, GM paid a good dividend, but then had to reduce it somewhat.

One of the key indicators, for investors like myself, is to watch the regularity and level of the dividends. If these falter, you'd better think about getting out. Reasoning is clear.

I have only one stock that pays a crappy dividend, and that will change as soon as conditions are right to sell it.

We are not "traders" or "speculators". We invest.

The first quarter is not over yet and the outlook is not positive

d-

by David Kiley

Just in time for the New York Auto Show this week, and a major investors' conference, General Motors (GM) and Ford (F) shares are trading at 52-week lows with further declines in sight.

GM shares on Mar. 17 fell 7.2% to $17.83, which is lower even than the drop in 2006 when whispers of bankruptcy were swirling around the world's biggest automaker. Ford shares closed at $5.11. On Mar. 18, shares of both automakers were nosing upward, along with the broader market, after the Federal Reserve moved to bail out investment bank Bear Stearns (BSC) and its announcement of a 75-basis-point cut in the federal funds rate.

The share prices of the two publicly traded U.S. automakers, though, reflect terrible fundamentals and a bleaker outlook for consumer confidence and auto sales for the rest of the year. February auto sales reflected what automakers and research firms forecast as a 15.2 million rate of sales for the first half of the year. The same rate is projected for the second half, but some analysts say sales could slip further for the year even after tax rebates from the U.S. government stimulus package and regular tax refunds end up in mailboxes in May and June. Challenges in the Months Ahead

On Tuesday, J.D. Power & Associates (which, like BusinessWeek, is a division of The McGraw-Hill Companies (MHP)) forecast 2008 auto sales to fall to 14.95 million, the lowest level of sales since 1994. "While the automotive industry's slow performance in January and February certainly contributes to the anticipated drop in new-vehicle sales, declining consumer confidence and spending, as well as turbulent financial and economic market conditions, are primarily driving the decline," said Jeff Schuster, executive director of automotive forecasting for J.D. Power & Associates.

"The downturn in retail sales--coupled with declines across the fleet market--also contributes to the overall reassessment of new-vehicle sales for 2008," said Bob Schnorbus, chief economist at J.D. Power & Associates. "Unfortunately, the current economic environment is fraught with uncertainty and risk--with the financial crisis, worsening oil prices, and weak housing and stock markets steadily impacting other sectors of the economy. As such, our revised forecast is better positioned to reflect the challenges automakers will face in the months ahead."

General Motors' plight is exacerbated by a strike at one of its key suppliers, Detroit-based American Axle & Manufacturing Holdings (AXL), which supplies parts for GM's pickup trucks, SUVs, and some of Chrysler's vehicles as well. GM has had to idle 30 plants for want of parts. The interruption in production could cost GM around $300 million in the first quarter. GMAC Caught in Mortgage Mess

Standard & Poor's (also owned by McGraw-Hill) said Mar. 17 that it is reviewing the credit ratings of GM and three of its large suppliers that are also affected by the strike. Robert Schulz, an S&P analyst, said the strike by 3,650 United Auto Workers union members, which began on Feb. 26, "has gone on long enough to possibly begin to affect the financial resources of GM and those suppliers most exposed to the automaker."

GM also is contending with troubles at Troy (Mich.) auto parts supplier Delphi, which may need more cash from GM, its former parent, to emerge from bankruptcy later this year. Also weighing on the automaker is financial turmoil at GMAC, the financial-services company, of which GM still owns half. GMAC lost $2.3 billion last year as more U.S. borrowers struggled to repay home and vehicle loans. GMAC's mortgage unit, Residential Capital, alone lost $4.3 billion as high-risk borrowers defaulted on mortgages, a trend that's shaking the lending industry.

I was referring to the dividend paid in the first quarter.

The first quarter is not over yet and the outlook is not positive

Have to give us a reason to first. GM and Ford need to have a product line that promises a recovery, and I have only seen limited bright spots. Otherwise they haven't hit bottom yet.

nate

Mike hunt wrote:

You certainly are entitled to your own opinion of their products, but GM still sells more vehicles than any other manufacturer, foreign or domestic.

I prefer an oth brand myself but I do buy stock from those wiling to sell their GM stock and I have made a lot of money in the process LOL

So you are saying that even though GM sells alot of vehicles they just aren't making any money doing it, that's why there profits are going down ?

Well, maybe you can buy all the GM stock that is being sold now and keep them from going under. What the hell, it's worth a shot, especially for someone with your experience. :)

I understand your sentiment, but of course you know that all the GM stock on the market has already been sold and is not any asset at all to GM.

If they want to have new issues of stock to raise more money, then the investor would have to consider whether they are worth risking one's money.

It appears our friend is not a stockholder merely a GM hater LOL