Is GM stock a good buy now? It just hit a new low on Friday!

[golfguru]

I would buy it right now if it paid some dividend.

[rdking647]

1. i think theres better stocks out there

i trade for a living.. why take the risk of a GM when you can get 7-9% or more from much safer stocks

[golfguru]

3. I need those safer stocks you are talking about

please list a couple!

[DesMoinesDem]

2. We're back in recession.

I wouldn't be surprised if they went bankrupt again.

[KILL THE WISE ONE]

4. stay out of market for at least another few weeks unless you are going to day trade

right now i would short most stocks before i would buy long.

[golfguru]

8. I agree...with worst seasonality of year around the corner...

SO I will wait till October goes by.

[Kennah]

5. Buy, buy, buy! Buy, buy, buy!

:sarcasm:

Just in case you're taking my advice seriously.

[Sherman A1]

6. I don't think it is the time to invest

in the market. I would stay out for now.

[golfguru]

9. You don't like the adage "when blood is in the streets"?

I know markets are vulnerable to panic selling. Especially now
with double dip recession a possibility and European banks under
stress with risky loans to countries like Greece, Portugal, Spain etc.

But prices of many blue chip stocks are looking attractive. So greed
is trying hard to take over my mind.

Anyway if I buy now, it will be long term hold (3 to 4 years).

[OllieLotte]

13. GG I tend to agree.

I think stocks are a good buy. I like Apple (no div but tons of cash) JNJ , WMT, PM, COP and MCD. Why get a 10 year bond that pays 2% when you can get stock in a great company that can raise prices if/when inflation rears its ugly head and it pays a dividend that beats the 10 year? Oh and it can appreciate and even increase the dividend!

[golfguru]

15. I like your list! Excellent stocks

and good diversification to boot.

[Owlet]

7. Not terribly relevant...

..but I'll toss it in anyway.

"One of great urban myths of American business history is that the head of GM once said “what’s good for General Motors is good for America.”
That line is once again getting a lot of press today. There’s one problem — it’s not true.
Here’s what happened. In 1953, President Eisenhower nominated GM’s CEO Charles “Engine Charlie” Wilson to be Secretary of Defense. I’ll turn it over to Wikipedia:
During the hearings, when asked if as secretary of defense he could make a decision adverse to the interests of General Motors, Wilson answered affirmatively but added that he could not conceive of such a situation 'because for years I thought what was good for the country was good for General Motors and vice versa.'"


Link

Funny how words get twisted over time.

[Po_d Mainiac]

10. Before making your trade

Google 'GM' and 'Channel Stuffing' together....The stock is at a low for a reason
YMMV

[Po_d Mainiac]

11. Edit

Buy lots..better yet, buy futures at highly leveredged margin...100:1 minimum...easy AAA plus..will pay mega returns.

[roamer65]

12. Stay out of the stock market until November.

Sept and Oct are usually the worst months for stocks.

[golfguru]

14. Good thinking n/t

[Ruby the Liberal]

16. What is their current PE ratio and price to book?