Archives

GM shares have not been at $4 a share since 1949...down from $94 in 1999. (http://www.msnbc.msn.com/id/27101859/)

http://www.cleanmpg.com/photos/data/501/GM_Logo1.jpgAP - Oct 9, 2008

They keep saying bankruptcy is not an option, but.... - Ed

New York - A person with knowledge of General Motors’ plans said Friday that the company is likely to announce more production cuts and possible plant closures as early as next week. The person did not want to be identified because plans are not finalized.

GM has said previously it would make cuts in engine, transmission and metal stamping operations to correspond with four pickup truck and sport utility vehicle plant closures announced in June…http://www.msnbc.msn.com/id/27101859/

Well... In GM does manage to survuve the Second Great Depression, it would then be a good time to buy stock. If it drops to "penny stock" status and you can spare a grand, you'd be rich when the economy recovers.

Of course, that assumes GM can squeak by. I had thought that it would until recently. I think the next Great Depression will kill off a lot of businesses.

Corning Glass, GLW, went from over $100/share down to close to $1/share back 7 or 8 years ago.

If you had bought 10,000 shares then, you could have sold them for $29/share a month or so ago, and have $290,000 in your online account.

Just because Corning stock went down to $1 did not mean they were going bankrupt. They did not, and are a solid company to this day.

Relating a stock price to a company's health isn't a sure thing. The market always overdoes it when it beats stocks down. That's how you make money in the market.

Harry