Financial advisers seem to agree that a panic-fueled stock market decline has opened a number of opportunities to snag solid investments on the cheap. Stock in solid, well-proven companies is being sold at huge discounts as panic grips the market. So why in the name of price-earnings ratios is the Detroit News shilling Ford and GM stock? Well, to be fair, the newspaper itself isn’t hyping stocks, because “Biz Insider can’t officially offer investment guidance into purchases of General Motors Corp. or Ford Motor Co. stock.” And why would they, when they have professional misleaders for that job? Former Chrysler spokesman and now Compuware Corp. veep Jason Vines “shared his own thoughts on the stock at the annual Automotive Hall of Fame dinner, telling the crowd of auto aficionados to buy, buy, buy Ford and GM paper.” No, seriously. And guess what else Vines would suggest you buy?
Chrysler stock. Too bad that the company is completely fucked privately held and doesn’t offer stock. Or, as Vines puts it, “they just have a three-headed Devil dog over there.” Seriously, wow. Though this blogger is certainly not qualified to offer investment advice, while there are surely some values out there in the automotive sector, you have to be dumber than shit on a stick to buy Ford or GM right now. These are not “solid firms selling at a discount based on irrational panic,” these are “dogs.” Plain and simple. Not convinced? DetN proves the point a short paragraph later. “Ford Executive Chairman Bill Ford Jr. has seen his nearly 5 million shares decline in value by about $16 million since Sept. 30, and that doesn’t include the stack of cash he and his family have lost from their preferred shares. Also watching a Ford fortune whittle away is billionaire investor Kirk Kerkorian, who has seen his $1 billion play in the company fall to just over $300 million. Across town at GM, Vice Chairman Bob Lutz is the biggest owner of company paper with 81,360 shares, meaning he’s lost nearly $400,000 this month. Don’t worry, though, they’ll all be fine.”
Hold the phone:
Lutz holds the most GM paper of any employee?
Where the hell is Rick? 14 mill a year and he doesn’t even have 90,000 shares in the company stock?
Wow.
Apparently Rick isn’t as dumb as we all thought
Dear TTAC editors and writers…kindly hold off with the f*** words…our kids are on our computers, too! Such language is unprofessional at best. You’re supposed to be writers, so find some better words to use than expletives!
You would have to smoke most of that to consider buying GM stock and then you wouldn’t have enough money left over to make it worth while..
Clive I agree with you 100%. It just does not fit in with what is otherwise ( the best).
My kids aren’t on my computer and I’m still offended with your use of f*** words in a supposedly professional setting.
Anyone suggesting that others should buy a certain stock probably already owns that stock and is looking to sell it.
And to parents that are worried about your kid seeing the “F” bomb, porn is just a click away (and your kid already knows it). Personally I wouldn’t let kids on the internet. Maybe anyone under 30 either. LOL
Parents:
Considering that I am one of the first of the generation of preteens that grew up with internet access in the early to mid 90s, let me give you a bit of advice. Worry less about having your kid read expletives (of which they already know more of them than you do) and more about having to explain what that lady was doing to that horse.
That is all.
My kids aren’t on my computer and I’m still offended with your use of f*** words in a supposedly professional setting.
That plus the fact that I browse a little at work, too.
My kids aren’t on my computer and I’m still offended with your use of f*** words in a supposedly professional setting.
That plus the fact that I browse a little at work, too.
Thanks for removing it though…
If you bought Ford last week when it was trading under $2/share, you’d have seen your asset appreciate by 25% today. If you can afford to treat it as as something akin to going to Vegas, buying a thousand shares of Ford has a potential windfall.
Indeed.
Parents:
Considering that I am one of the first of the generation of preteens that grew up with internet access in the early to mid 90s, let me give you a bit of advice. Worry less about having your kid read expletives (of which they already know more of them than you do) and more about having to explain what that lady was doing to that horse.
That is all.
Very well said, and this coming from a 37 year old parent. If the parents are offended by the word, then might I suggest they stick to reading Family Circus.
I am not worried about my kids reding this, especially the two year old but honestly it does lower the style and credibility of any site when they use language like that.
If you need vulgarity to drive home your point then your skills with this language maybe less than adequate to make a living writing.
This site shots to be the best, and often succeed. Might this be another opportunity to raise the bar rather than lower it?
Just a thought.
Bunter
Like we’re supposed to believe anything the government and the press say anymore? If I were an equities investor, I’d be saying “fade rallies.”
Vulgarity has its place, but I don’t think this is one of them (used indiscriminately in news blurbs).
I have learned the hard way that vulgarity in a professional setting is inappropriate.
What’s up with that nice grow op, and what does it have to do with the story ? Let us hope it’s not a law enforcement exhibit :)
People are really getting their panties in a bunch about VULGARITY?
Come one now. Let’s worry about how ridiculous these car companies are looking instead of how profane Niedermeyer is being.
F-bomb still appears in the feed title.
I’m a 51 year old rock musician and even I object to the use of that word in this context. Kids aside, there’s a place for everything, and this ain’t it. See, I respect the f***ing sensibilities of others, and it’s just plain f***ing offensive.
As for the f***ing objections to the objections on f***ing vulgarity: maybe you complaining f***ers no longer know the f***ing difference. F***ing American culture sure doesn’t f***ing seem to.
Have I made my point?
I think what bdplaid meant to say was “Have I made my f***ing point?”.
Seriously, I’m not offended by the use of the F word and find it effective as long as it’s not overused. I’ve seen many items on the nightly news that offend me far more than the f bomb.
However, I understand that some are offended and don’t have any argument with them. TTAC can react as they please based on the feedback.
I visit this site for auto news and reviews that don’t read like infomercials. When that changes, I’ll be offended.