General Motors (GM) 01 (Jun 08 - Jul 10 )

[kennynah]

30jun08

GM is trading at ~10.80 currently.... the last time this price was seen was Sept 1954

value investors....who bought in 1954 and held onto this share until now, has not lost money yet.... not a bad position indeed....held it's value for 54 years (unadjusted for inflation and opportunity costs)....cant find a better stock...

[millionairemind]

Buy and Hold sure works this time around for GM holders, provided they are still around since it has been 54yrs....

[iam802]

I think they can let go now...

[kennynah]

I think they can let go now...

like MM said....some maybe already "let go" liao....gone...dead already...54 years ba... but actually maybe a blessing in disguise...to see the price come back to purchase price, when value investment books touted near exponential returns on solid stocks (i think GM was once a DEEP BLUE chip).. they would be so dissappointed....some may decide to slit their wrists...

but of cos, to be fair...dividends were paid out all these 54 years...so, like i said, maybe still never lose money....(like real)

[kennynah]

15Jul08 - 835pm +8GMT

GM removes all dividend payout

cuts 20% headcount

plans to raise 15Bil

****
GM to Bolster Liquidity by $15 Bln Through 2009; to cut jobs, suspend dividend - quick facts
7/15/2008 8:40 AM ET

(RTTNews) - General Motors Corp. (GM: News, Chart, Quote ) said it is taking further steps to adapt its business to rapidly changing market conditions, marked by the weak U.S. economy, record high fuel prices, shifts in consumer vehicle preferences, and the lowest U.S. industry sales volumes in a decade.

GM said that the actions announced today would have a cumulative impact of approximately $15 billion on its cash through 2009.

Through a number of internal operating changes and other actions, GM expects to generate approximately $10 billion of cumulative cash improvements by the end of 2009, versus original plans.

GM plans further salaried headcount reductions in the U.S. and Canada in the 2008 calendar year. In addition, health care coverage for U.S. salaried retirees over 65 will be eliminated, effective January 1, 2009.

These benefit changes, salaried headcount reductions and other related savings will result in an estimated reduction in cash costs of more than 20%, or $1.5 billion in 2009.

Further, truck capacity is expected to be reduced by 300,000 units by the end of 2009, half of which is from acceleration of prior announced actions, and half from new capacity actions.

In addition, GM will reduce and consolidate sales and marketing budgets, with a focus on protecting launch products and brand advertising. These operating actions, combined with the benefits of the 2007 GM-UAW labor agreement, are targeted to reduce North American structural cost from $33.2 billion in 2007 to approximately $26-27 billion in 2010, a reduction of $6-7 billion.

In addition, the GM Board of Directors has decided to suspend future dividends on common stock, effective immediately, which is expected to improve liquidity by approximately $800 million through 2009.

In addition to the operating changes and other actions, GM expects to raise additional liquidity of $4-7 billion through asset sales and financing activities.

GM is undertaking a broad global assessment of its assets for possible sale or monetization, which is expected to generate approximately $2-4 billion of additional liquidity.

[kennynah]

GM Q2 sales down 5% - quick facts
7/23/2008 8:53 AM ET

(RTTNews) - General Motors Corp. (GM: News, Chart, Quote ) said its total sales for the second quarter were down 5%, reflecting continuing economic pressures and labor disruptions in the U.S. market, which pushed North America sales down 20% or 236,000 vehicles.

GM said it sold more than 2.28 million vehicles globally during the second quarter 2008, compared to about 2.41 million vehicles last year. GM sales outside of its North America region grew 10%.

GM sold 4.54 million vehicles in the first half of 2008, keeping it on track to exceed nine million vehicles for the fourth consecutive year. Sales outside of North America grew by 209,000 vehicles during the same period. On a year-over-year basis, GM total global sales were down 3% for the first six months of 2008.

[kennynah]

nothing earthly lasts forever....get use to it...

GM trails Toyota in global vehicle sales
7/23/2008 2:52 PM ET

(RTTNews) - General Motors Corp. (GM: News, Chart, Quote ) trailed Japan's Toyota Motor Corp. (TM: News, Chart, Quote ) in global vehicle sales at the end of the first-half of 2008, raising speculation of ending its 77-year reign as the world's biggest automaker.

((truncated))

[kennynah]

big time....goner...

GM Drops In Pre-Market On Wider-Than-Expected Quarterly Loss
8/1/2008 8:17 AM ET

(RTTNews) - General Motors Corp (GM: News, Chart, Quote ) is dropping during Friday's pre-market trading following the release of quarterly results that came in below analysts' expectations.

At 8:09 am ET the stock is trading at $10.24 down $0.83 from Thursday's close.

With the decline, the stock stands to open below recent support and at its lowest level in about two weeks.

The company reported a net loss for the quarter of $15.5 billion, or $27.33 per share, compared to a net profit of $891 million, or $1.56 per share, in the same period last year.

GM said its loss for the quarter included $9.1 billion in special charges.

On an adjusted basis, the company reported a net loss of $6.3 billion, or $11.21 per share.

On average, analysts polled by First Call/Thompson Financial were looking for a loss of $2.62 per share.

[iam802]

maybe when it hit its lowest..u can pick it up and hold for 54 years.

[kennynah]

hahahaha....54 years....i wont be around by then....or perhaps GM is gone first...