GM’s problems will continue until the main board members are removed. The two problems are Mr. Fisher who was still making film camera’s at Kodak while the rest of the world was in to digital. It took quite some time to get Kodak back to speed after Fisher was let go. The other is Phiser who brought Compac computer down. These two aparently domineer the other board members. The CEO at GM has done a fine job of cutting cost but does not seem to realize that you have to build a product that the public wants and needs. With billions he is losing every quarter the company will bleed to death before the CEO wakes up. Too slow with the new competitive products (high bred and fuel cell)and the public is tired of the promises. All hat but no cattle as they say.

Hoping the rest of the board and the large investers take action as I am fearing the loss of my investment in GM.

magna1

Businessweek has an article about a few analysts who are going double or nothing on Ford stock.

GM-Might as well stand in front of the porcelain flushing the bills away.

Bunter

And, says Elizabeth Lowery, GM’s vice president of environment, energy and safety policy: ‘The Volt is just a piece of it.’

I was thinking, man, if GM’s own VP is calling the Volt “a piece of shit,” how bad must it be?

Ooops.

Parts of that Barron’s article are too funny…

As noted, the company intends to launch the Volt in late 2010 and is increasing its roster of conventional hybrids. In fact, contends R. Brent Byrne, CEO of Divi-Vest Advisors in Wayne, Pa., an improving “green” image is “the No. 1 reason to own GM.” Says Byrne: “No other car company is running down the green highway as fast as GM.”

Can this Byrne character even count? Toyota sold 30K hybrids last month. GM sold 3% of rhat. Toyota’s hybrids have a great track record for reliability and offer stellar fuel economy. GM has managed to build three-ton, 20mpg hybrids that are the Ecological Antichrist. Oh, and they’re far too expensive for their target market.

Well, if you read a little further…

Consumers, particularly young ones, “want to get off fossil fuels,” Divi-Vest’s Byrne observes, arguing that a green image could raise GM’s revenues substantially. Byrne has been buying GM stock as the price has fallen. Divi-Vest owns about 147,000 shares.

Oh, look. Byrne has 147K shares he’s going to want to unload.

i read it three times, but i am very tired right now.

At the end of the semester I said that he was a pretty sharp guy; why aren’t you in the engineering department? His reply “Because I want to get laid more then once every 2 years.”

Wouldn’t you know it; he was right about that too. Damn!

I remember hearing the late Louis Rukeyser speak and he held Barron’s up for particular scorn.

‘The Volt is just a piece of it.’ Am I the only person who had to read that twice?

for those those guys I would recommend Vegas or buying into a horse – theres a lot better and fun gambles than GM stock.

Look, I hope GM does well–my local economy is hugely dependent on them–but year after year of “The good stuff is just around the corner!” hasn’t exactly panned out, and analysts seem to forget that Toyota and Honda (never mind Ford, Nissan, VW, etc, etc) aren’t exactly sitting still, either. Toyota, particularly, would be stupid to relinquish its’ green cred to the Volt, and Toyota is not know for being stupid.

For all it’s forward progress (and some of it’s models are very good) GM management still gives the impression of living in a vacuum, where nothing else exists except GM.