General Motors would like to free itself from government ownership and is aiming for an initial public offering (IPO) in the next year. Allan Edwards co-Ceo of The Markets Are Open stated "this is great news for GM, they will free themselves from the government ownership tag that has lagged sales for the last two years." Chief Executive Officer of GM Ed Whitacre agrees he stated in a recent interview "we don't like this label of government ownership," and he believes GM has lost some of its reputation because of this ownership.
Last May GM converted US government loans into a 61% equity stake in the bankruptcy reorganization and the government plans to sell those shares on the open market to recoup there money. "But the government lent GM nearly 50 billion in loans, so they stand to lose the most," snickered Edwards.
Whitacre states Q2 results will be "solid," but remains cautious on giving a date to when when GM will IPO. Edwards finished "GM still has many months before it will IPO but I am chomping at the bit to get my hands on some of those delicious shares."
It remains to be seen how Ford will be impacted by the IPO but the stock has struggled of late in anticipation of the GM IPO.
Showing posts with label Ford. Show all posts
Showing posts with label Ford. Show all posts
Sunday, October 3, 2010
Sunday, August 22, 2010
A Handful of Nothing
Apple shares were down 24 cents or 0.10% at the close of trading last week. The coming week may lead to more “fluctuations” in the share price as remarked by Ukrainian Globalist (UG).
http://globalist.org.ua/eng/1446284-the-djia-apple-inc-nasdaq-aapl-and-ford-motor-company-nyse-f-fluctuating-on-the-verge
“Apple Inc. (NASDAQ: AAPL) shares went through substantial fluctuations today, with Apple gaining and losing throughout the trading from -1% to 0.2%.” Igor Tringlers of UG stated on his web site.
“Yes, stocks usually fluctuate,” commented star analyst and co-CEO of The Markets Are Open, Andy “Raw” Kibbens, “That’s just what they do. He isn’t saying anything new or useful. And from -1% to 0.2%? How is that even considered to be fluctuations? That’s pathetic. Igor Tringlers probably isn’t even a real name.”
“Ford Motor Company (NYSE: F) lost footing in the beginning of trading and dropped by 1,5%.” Was the continuation of the headline on UGs website.
“When I hear “lost its footing,” I expect a 10% drop, not a 1% drop.” Said Raw as his face began to turn red. “This guy should be fired from his day job, or his night job or whatever this is. Block this web site with our filters right now. I never want to see it again.”
Ford shares closed at $11.77, down a little more than 1% at the close of trading on Friday.
http://globalist.org.ua/eng/1446284-the-djia-apple-inc-nasdaq-aapl-and-ford-motor-company-nyse-f-fluctuating-on-the-verge
“Apple Inc. (NASDAQ: AAPL) shares went through substantial fluctuations today, with Apple gaining and losing throughout the trading from -1% to 0.2%.” Igor Tringlers of UG stated on his web site.
“Yes, stocks usually fluctuate,” commented star analyst and co-CEO of The Markets Are Open, Andy “Raw” Kibbens, “That’s just what they do. He isn’t saying anything new or useful. And from -1% to 0.2%? How is that even considered to be fluctuations? That’s pathetic. Igor Tringlers probably isn’t even a real name.”
“Ford Motor Company (NYSE: F) lost footing in the beginning of trading and dropped by 1,5%.” Was the continuation of the headline on UGs website.
“When I hear “lost its footing,” I expect a 10% drop, not a 1% drop.” Said Raw as his face began to turn red. “This guy should be fired from his day job, or his night job or whatever this is. Block this web site with our filters right now. I never want to see it again.”
Ford shares closed at $11.77, down a little more than 1% at the close of trading on Friday.
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