GM IPO today...anyone in?

x5to330i · 11-18-2010, 11:32 AM

Anyone buying? Sorry random..just curious.

quagmire · 11-18-2010, 11:34 AM

This will be interesting an interesting discussion by judging from history.....

I will say that I didn't buy in. I would if I had the money to risk, but I don't.

MusclezMarinara · 11-18-2010, 11:35 AM

i mean they seem like they have a good direction

Geonator · 11-18-2010, 11:59 AM

I'll let the Chinese take over first...

quagmire · 11-18-2010, 12:27 PM

Quote:

Originally Posted by MERCSUk153

I say GM still has no clue. Still so many different brands offering the same stuff. Why can't they just settle on one main brand and a luxury brand like cadillac and different models like all the successful companies. Too much wasted money the way they have it now with cost of administration and accounting etc for all the different divisions. Just lots of wasted money.

Buick is huge in China. Plus, as we can see from Lexus trying to grab the performance oriented consumers, it doesn't work. While Lexus vehicles are competitive in performance, buyers are still going to the cruising oriented Lexus models( ES, RX, GX, LX) and performance oriented buyers are still going to BMW, Audi, Mercedes, and Infiniti. Buick can go after the cruisers and Cadillac go after the performance. Now if GM is actually managing them correctly, that is another story( see SRX and XTS). GMC rakes in profits. The government wanted GM to kill GMC until GM showed them the books and saw the profit GMC makes for GM. I don't need to mention Chevy right?

MediaArtist · 11-18-2010, 12:30 PM

Too much risk.

ACZakka325i · 11-18-2010, 12:38 PM

I would consider FORD if the price was right. But would run from GM.

x5to330i · 11-18-2010, 01:13 PM

I bought in. Just a little though to see how it goes...and right now its not going well.

CHCCubs · 11-18-2010, 01:15 PM

Quote:

Originally Posted by ACZakka325i

I would consider FORD if the price was right. But would run from GM.

+1 Ford is definitely the better buy in the long run IMO.

gonzo · 11-18-2010, 02:04 PM

Quote:

Originally Posted by x5to330i

I bought in. Just a little though to see how it goes...and right now its not going well.

Did a firm have an allotment for you? Word was that every single share was spoken for before IPO.

TunedM2C · 11-18-2010, 02:06 PM

I've been in Ford since $4.xx.

mdosu · 11-18-2010, 02:07 PM

Quote:

Originally Posted by gonzo

Did a firm have an allotment for you? Word was that every single share was spoken for before IPO.

unless you had dibs through the IPO, you would have to buy it on the secondary market after today.

Silver-Bolt · 11-18-2010, 02:45 PM

Not a chance. Their product is improving however they have a very long way to go. Still have the UAW to deal with as well. At least 4 CEO changes since the implosion. It will be up on the hype but likely will soon be down.

quagmire · 11-18-2010, 03:16 PM

Quote:

Originally Posted by Silver-Bolt

Not a chance. Their product is improving however they have a very long way to go. Still have the UAW to deal with as well. At least 4 CEO changes since the implosion. It will be up on the hype but likely will soon be down.

GM has a much better deal with the UAW then Ford does. So the UAW is more of an issue for Ford. Thanks to the deal GM has with the UAW, they can now produce the new Chevrolet Aveo in the US for a profit( going to be assembled in their Orion, MI plant).

Wagoner had to go. He was at the helm for 8 years and did nothing to prepare for the economic downturn where Ford did( by mortgaging every asset in order to get money to fund their restructuring and product development and hiring the genius that is Mulally). Fritz was a complete idiot. Remember the whole 230 MPG campaign for the Volt? Look at him. He was also against more products on GM's Global RWD Zeta platform for the US( why we have that POS Premium Epsilon FWD Cadillac XTS coming). I am happy he got the boot. And Ed Whitacre was always a temporary CEO.

gonzo · 11-18-2010, 03:54 PM

Quote:

Originally Posted by mdosu

unless you had dibs through the IPO, you would have to buy it on the secondary market after today.

That's what I was asking. Every last morsel was spoken for many moons ago according to my research. Of course the majority went to the already super wealthy. Getting a few shares as mentioned struck me on the strange side. The shares were bought in massive quantities and divied out later I would have thought.

FStop7 · 11-18-2010, 07:43 PM

Quote:

Originally Posted by gonzo

That's what I was asking. Every last morsel was spoken for many moons ago according to my research. Of course the majority went to the already super wealthy. Getting a few shares as mentioned struck me on the strange side. The shares were bought in massive quantities and divied out later I would have thought.

+1

scam.

Or should I say... pre-ordained redistribution of assets.

mdosu · 11-18-2010, 10:58 PM

Quote:

Originally Posted by gonzo

That's what I was asking. Every last morsel was spoken for many moons ago according to my research. Of course the majority went to the already super wealthy. Getting a few shares as mentioned struck me on the strange side. The shares were bought in massive quantities and divied out later I would have thought.

generally, most ppl don't get access to IPOs. You have to be an insitutional investor to get in on it, plus you have to "pay up" to the underwriters for it. Sometimes employees and their families also get dibs.

The IPO underwriting business was an easy ride for while...

BaLLzZz · 11-28-2010, 06:19 PM

I have a few buddies who own dealerships and they were offered shared for the offering price

11-18-2010, 11:32 AM	#1
x5to330i Erode 21 Rep 100 Posts Drives: Graphite BMW 330i--2006 Join Date: May 2010 Location: Raleigh, nc iTrader: (0)	GM IPO today...anyone in? Anyone buying? Sorry random..just curious. __________________ 2002 BMW X5---2003 Ford Explorer Eddie Bauer---1996 Ford Mustang GT---2001 Jeep Grand Cherokee Limited---1993 Jeep Wrangler ---2006 330i---2003 Dodge Dakota Quad Cab---
	Appreciate 0 Tweet Quote

11-18-2010, 11:34 AM	#2
quagmire I am Gundam 197 Rep 1,211 Posts Drives: 2017 Camaro 2SS Join Date: Jun 2007 Location: USA iTrader: (0)	This will be interesting an interesting discussion by judging from history..... I will say that I didn't buy in. I would if I had the money to risk, but I don't.
	Appreciate 0 Quote

11-18-2010, 11:35 AM	#3
MusclezMarinara Banned 272 Rep 5,018 Posts Drives: VALNCYA Join Date: Jan 2009 Location: Jersey iTrader: (23) Garage List 2011 BMW 1M [9.22] 2009 335i Sedan xdrive [9.34]	i mean they seem like they have a good direction
	Appreciate 0 Quote

11-18-2010, 11:59 AM	#4
Geonator Captain 36 Rep 985 Posts Drives: E92 335i JB Join Date: Aug 2009 Location: Ca 818 iTrader: (8)	I'll let the Chinese take over first... __________________ 2006 330i E90 Sparkling Graphite- 2007 335i E92 JB ->2008 135i Montego Blue
	Appreciate 0 Quote

11-18-2010, 12:30 PM	#6
MediaArtist There is No Substitute 77 Rep 1,186 Posts Drives: Audi A6, 997 GT3 RS, E90 335i Join Date: Apr 2010 Location: Laguna Beach, CA iTrader: (0)	Too much risk. __________________ '13 Audi A6 '07 Porsche GT3 RS '08 BMW E90 335i
	Appreciate 0 Quote

11-18-2010, 12:38 PM	#7
ACZakka325i Colonel 283 Rep 2,007 Posts Drives: 2 stroke Join Date: Jul 2005 Location: CT iTrader: (2)	I would consider FORD if the price was right. But would run from GM.
	Appreciate 0 Quote

11-18-2010, 01:13 PM	#8
x5to330i Erode 21 Rep 100 Posts Drives: Graphite BMW 330i--2006 Join Date: May 2010 Location: Raleigh, nc iTrader: (0)	I bought in. Just a little though to see how it goes...and right now its not going well. __________________ 2002 BMW X5---2003 Ford Explorer Eddie Bauer---1996 Ford Mustang GT---2001 Jeep Grand Cherokee Limited---1993 Jeep Wrangler ---2006 330i---2003 Dodge Dakota Quad Cab---
	Appreciate 0 Quote

11-18-2010, 02:06 PM	#11
TunedM2C Brigadier General 846 Rep 4,190 Posts Drives: 2016 LBB M2 Join Date: Jan 2008 Location: Earth iTrader: (2)	I've been in Ford since $4.xx.
	Appreciate 0 Quote

11-18-2010, 02:45 PM	#13
Silver-Bolt Captain 28 Rep 805 Posts Drives: 2011 Z4 35is Melbourne Red Join Date: Jun 2010 Location: Portland, OR iTrader: (0) Garage List 2011 Z4 35is [9.00]	Not a chance. Their product is improving however they have a very long way to go. Still have the UAW to deal with as well. At least 4 CEO changes since the implosion. It will be up on the hype but likely will soon be down.
	Appreciate 0 Quote

11-28-2010, 06:19 PM	#18
BaLLzZz Colonel 130 Rep 2,298 Posts Drives: e92 335i Join Date: Aug 2007 Location: NYC iTrader: (5)	I have a few buddies who own dealerships and they were offered shared for the offering price __________________ Any intelligent fool can make things bigger, more complex, and more violent. It takes a touch of genius and a lot of courage to move in the opposite direction. - Albert Einstein 01 e46 m54 - Current : 14 f10 n26 - Boring & Gone : 15 f30 n26 - Current : 08 e92 n54 - Gone & Missed!!!
	Appreciate 0 Quote