Contour Enthusiasts Group Archives Forums General Common Interests How to save GM' axx?

Originally posted by baco99:

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Originally posted by chrisilversvt:

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i'm not brainwashed about anything...and what because you did some it work that makes you a financial expert?????anyways it doesn't really matter if i get a pension or not my rsp,osp,and other investments will more than cover my retirement my pension will just be extra money...

and i never said it COULDN'T happen i just said it is not LIKELY to happen,unless all our holdings and other companies all go belly up at once,which i don't see happening in my lifetime...too bad there won't be a ceg around in 20 years so i can tell you i told you so when i start getting my pension check

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you realize we are talking about a company that had to PAY $1.9 billion to GET OUT of a contract to buy Fiat and stipulated that they would buy 100% shares of the company even if it didn't meet its earnings measures and was negative on cash. i realize that i am relatively young and new to business, but an intro accounting class would tell you that this was a dumb deal. just think of how GM's 1st quarter would have looker if they didn't get themselves into that "strategic partnership."

And let's talk about that partnership, shall we? they partnered with Fiat to work on the development of small car gas and diesel engines, small car suspensions, and "overall quality." Let me reflect on how often Fiat was #1 in quality......

face it, the company is run by monkeys. a group of art students from RISD with Finance 101 classes could see better "synergies" than GM on a sunny day.

if i were you, i'd move my money into a 401k managed by a third party like Fidelity. #1, you'd take some of the burden off of GM, #2, you'd help reduce the risk of losing it all if GM goes the way of Enron in 10 years.

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ummm ok maybe you should read a little more i don't remember fedex becoming an automaker and buying fiat,that's cool though i guess we're gettting into automaking without me knowing it..lol.. ...i wasn't referring to gm i don't work for gm... come on this is ceg you know no topic ever stays on subject..

Originally posted by chrisilversvt:

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Originally posted by baco99:

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Originally posted by chrisilversvt:

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i'm not brainwashed about anything...and what because you did some it work that makes you a financial expert?????anyways it doesn't really matter if i get a pension or not my rsp,osp,and other investments will more than cover my retirement my pension will just be extra money...

and i never said it COULDN'T happen i just said it is not LIKELY to happen,unless all our holdings and other companies all go belly up at once,which i don't see happening in my lifetime...too bad there won't be a ceg around in 20 years so i can tell you i told you so when i start getting my pension check

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you realize we are talking about a company that had to PAY $1.9 billion to GET OUT of a contract to buy Fiat and stipulated that they would buy 100% shares of the company even if it didn't meet its earnings measures and was negative on cash. i realize that i am relatively young and new to business, but an intro accounting class would tell you that this was a dumb deal. just think of how GM's 1st quarter would have looker if they didn't get themselves into that "strategic partnership."

And let's talk about that partnership, shall we? they partnered with Fiat to work on the development of small car gas and diesel engines, small car suspensions, and "overall quality." Let me reflect on how often Fiat was #1 in quality......

face it, the company is run by monkeys. a group of art students from RISD with Finance 101 classes could see better "synergies" than GM on a sunny day.

if i were you, i'd move my money into a 401k managed by a third party like Fidelity. #1, you'd take some of the burden off of GM, #2, you'd help reduce the risk of losing it all if GM goes the way of Enron in 10 years.

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ummm ok maybe you should read a little more i don't remember fedex becoming an automaker and buying fiat,that's cool though i guess we're gettting into automaking without me knowing it..lol.. ...i wasn't referring to gm i don't work for gm... come on this is ceg you know no topic ever stays on subject..

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My bad. I'm not worried about FedEx in the US. (In Europe, it's a different story, DHL dominates.) I thought we were still talking about GM...

My point is still valid, damnit!