Would you buy GM stock? (invest, buying, companies, insurance)

[Jaggy001]

Originally Posted by CMartel2

Buying into a company that the government has pretty much taken over and where the unions have been given even a bigger share in running the operation is not a good investment.

The UAW killed the golden goose. Move on. GM is dead and dead for a reason. Any outlook towards future profitability just seems out there.

Not just the UAW. Management was pretty terrible too. Thery deserved each other.

[Anonymous American Voice]

[FONT=&quot]I don’t consider Fitz Henderson a CEO but a government bureaucrat that will take direction from the Obama administration. Mr. Henderson and the Board raped the American taxpayer squandering away almost $20 billion of bailout funds and then turned their back on any fiduciary responsibility in bankruptcy. How can any American trust him or the new Board appointed by the Obama administration? GM management has willingly participated in an attack on Capitalism and free markets – that will be their legacy.[/FONT]

[treasurekidd]

How can any American trust him or the new Board appointed by the Obama administration?

And by extention, the Obama administration itself.

[jhtrico1850]

US Government Anticipates GM IPO In 2010 - Treasury Official - WSJ.com (http://online.wsj.com/article/BT-CO-20090701-710993.html - broken link)

What's going to happen when they go ahead with the new IPO?

If it's worth nothing now, I can't see it being worth more later...

[mysticaltyger]

Originally Posted by natman

I was thinking about buying GM stock and hoping for the best. I would assume that things will eventually turn around for them. Is this a bad idea?

Do not buy it unless you can afford to lose it. Think of it as buying a lottery ticket.

[mysticaltyger]

Originally Posted by Jaggy001

Not just the UAW. Management was pretty terrible too. Thery deserved each other.

Yes, very true. I put a larger share of the blame on the unions, but it most defintely was a team effort.

[Jaggy001]

Originally Posted by jhtrico1850

US Government Anticipates GM IPO In 2010 - Treasury Official - WSJ.com (http://online.wsj.com/article/BT-CO-20090701-710993.html - broken link)

What's going to happen when they go ahead with the new IPO?

If it's worth nothing now, I can't see it being worth more later...

Well they will not be seeing any of my hard earned cash

Except for all my tax dollars that is

[CptnRn]

Read this GM: This Stock Is Worthless

[jhtrico1850]

General Motors Company (the "new GM") currently has no publicly traded securities. Please note that none of the publicly owned stocks or bonds issued by the former General Motors Corporation (now renamed "Motors Liquidation Company"), including its common stock formerly traded on the New York Stock Exchange under the ticker symbol "GM", are or will become securities of General Motors Company, which is an independent separate company.

The thought of gambling crossed my mind but Fool.com is right, they are worth $0. Good shorting opportunity though?

[jlawrence01]

Originally Posted by CptnRn

Read this GM: This Stock Is Worthless

I guess that they have time to cover other stocks now that the Iomega bubble has burst.