Comments on: GM To Bow Out Of The Dow? http://www.thetruthaboutcars.com/gm-to-bow-out-of-the-dow/ The Truth About Cars is dedicated to providing candid, unbiased automobile reviews and the latest in auto industry news. Sun, 22 Nov 2009 21:23:34 -0500 http://wordpress.org/?v=2.8.6 hourly 1 By: Dougyork http://www.thetruthaboutcars.com/gm-to-bow-out-of-the-dow/comment-page-1/#comment-986751 Dougyork Wed, 26 Nov 2008 13:45:44 +0000 http://www.thetruthaboutcars.com/?p=162202#comment-986751 I think placing Toyota in the Dow isn't as radical as it sounds. The companies American Depository Receipts (ADRs) trade on the NYSE, and of course the company has scads of employees here, designs and sells certain models exclusively in the U.S., etc. I thought having Microsoft join the Dow was somewhat radical in that Microsoft is not a NYSE listed stock as it has elected to remain at home on the tech-laden NASDAQ. At least TM is on the NYSE. I think placing Toyota in the Dow isn’t as radical as it sounds. The companies American Depository Receipts (ADRs) trade on the NYSE, and of course the company has scads of employees here, designs and sells certain models exclusively in the U.S., etc.

I thought having Microsoft join the Dow was somewhat radical in that Microsoft is not a NYSE listed stock as it has elected to remain at home on the tech-laden NASDAQ. At least TM is on the NYSE.

]]> By: charly http://www.thetruthaboutcars.com/gm-to-bow-out-of-the-dow/comment-page-1/#comment-978281 charly Sun, 23 Nov 2008 21:41:00 +0000 http://www.thetruthaboutcars.com/?p=162202#comment-978281 AFAIK index funds follow the S&P and not the DOW. Buying 10% of Toyota wouldn't lead in itself to a higher Yen. The market cap of Toyota is to small for that. AFAIK index funds follow the S&P and not the DOW.

Buying 10% of Toyota wouldn’t lead in itself to a higher Yen. The market cap of Toyota is to small for that.

]]> By: AG http://www.thetruthaboutcars.com/gm-to-bow-out-of-the-dow/comment-page-1/#comment-974822 AG Fri, 21 Nov 2008 23:45:08 +0000 http://www.thetruthaboutcars.com/?p=162202#comment-974822 Indeed, forcing all those index funds to buy up Toyota stock would drive the Yen through the ceiling. Indeed, forcing all those index funds to buy up Toyota stock would drive the Yen through the ceiling.

]]> By: no_slushbox http://www.thetruthaboutcars.com/gm-to-bow-out-of-the-dow/comment-page-1/#comment-973691 no_slushbox Fri, 21 Nov 2008 18:58:37 +0000 http://www.thetruthaboutcars.com/?p=162202#comment-973691 Listing Toyota in GM's place would be brilliant. There would be no better way to dramatically increase the equity stake of American citizens in Toyota, an automaker that actually isn't being driven into the ground by massive debt, parasitic dealers and unreasonable UAW contracts. The diamonds exchange traded fund and a number of indexed mutual funds would have to buy huge chunks of Toyota. The Japanese would shit a brick, but hey, if they want to put restrictions on the flow of capital then we can put restrictions on the flow of cars. Listing Toyota in GM’s place would be brilliant. There would be no better way to dramatically increase the equity stake of American citizens in Toyota, an automaker that actually isn’t being driven into the ground by massive debt, parasitic dealers and unreasonable UAW contracts.

The diamonds exchange traded fund and a number of indexed mutual funds would have to buy huge chunks of Toyota.

The Japanese would shit a brick, but hey, if they want to put restrictions on the flow of capital then we can put restrictions on the flow of cars.

]]> By: Strippo http://www.thetruthaboutcars.com/gm-to-bow-out-of-the-dow/comment-page-1/#comment-973611 Strippo Fri, 21 Nov 2008 18:37:23 +0000 http://www.thetruthaboutcars.com/?p=162202#comment-973611 "No, I'm not reading a blog for gay guys. Why do you ask?" “No, I’m not reading a blog for gay guys. Why do you ask?”

]]> By: jolo http://www.thetruthaboutcars.com/gm-to-bow-out-of-the-dow/comment-page-1/#comment-973561 jolo Fri, 21 Nov 2008 18:23:48 +0000 http://www.thetruthaboutcars.com/?p=162202#comment-973561 http://www.thestreet.com/_yahoo/newsanalysis/automakers/10448155.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA Bottom line: If GM gets a government bailout, they are out of the Dow. http://www.thestreet.com/_yahoo/newsanalysis/automakers/10448155.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA

Bottom line: If GM gets a government bailout, they are out of the Dow.

]]> By: autonut http://www.thetruthaboutcars.com/gm-to-bow-out-of-the-dow/comment-page-1/#comment-973492 autonut Fri, 21 Nov 2008 18:13:25 +0000 http://www.thetruthaboutcars.com/?p=162202#comment-973492 It is true, time for GM to vacate the spot. With 2B capitalization, they barely belong on S&P 500, much less DOW. The sad part that there is no white knight to spend 2B and restructure that monster into efficient machine. Ford sold 20% of Mazda for slightly over half a billion, which implies cap of Mazda is slightly north of 2.5B. Mazda (tiniest auto company in Japan) has higher capitalization then GM! If there is public toilet in Detroit it should be named Rick Wagoner House of pancakes! It is true, time for GM to vacate the spot. With 2B capitalization, they barely belong on S&P 500, much less DOW. The sad part that there is no white knight to spend 2B and restructure that monster into efficient machine.
Ford sold 20% of Mazda for slightly over half a billion, which implies cap of Mazda is slightly north of 2.5B. Mazda (tiniest auto company in Japan) has higher capitalization then GM! If there is public toilet in Detroit it should be named Rick Wagoner House of pancakes!

]]> By: fallout11 http://www.thetruthaboutcars.com/gm-to-bow-out-of-the-dow/comment-page-1/#comment-973462 fallout11 Fri, 21 Nov 2008 18:08:34 +0000 http://www.thetruthaboutcars.com/?p=162202#comment-973462 Why, <a Href="http://econpapers.repec.org/article/fipfedbne/y_3A1986_3Ai_3Ajul_3Ap_3A20-31.htm" rel="nofollow">we take in each other's laundry</a>, much like the proverbial western town of lore. Why, we take in each other’s laundry, much like the proverbial western town of lore.

]]> By: fallout11 http://www.thetruthaboutcars.com/gm-to-bow-out-of-the-dow/comment-page-1/#comment-973321 fallout11 Fri, 21 Nov 2008 17:50:13 +0000 http://www.thetruthaboutcars.com/?p=162202#comment-973321 Oops, duplicate comment Oops, duplicate comment

]]> By: Omnifan http://www.thetruthaboutcars.com/gm-to-bow-out-of-the-dow/comment-page-1/#comment-973222 Omnifan Fri, 21 Nov 2008 17:37:46 +0000 http://www.thetruthaboutcars.com/?p=162202#comment-973222 What this really means is that we're now a nation of financial manipulators, not a nation of makers. How sad. Soon all of the haircuts will be done and all of the lawns mowed. Then what? What this really means is that we’re now a nation of financial manipulators, not a nation of makers.

How sad. Soon all of the haircuts will be done and all of the lawns mowed. Then what?

]]>