Is General Motors Rushing Its IPO? (Obama must cash-out UAW before November mid-terms)

Motley Fool ^ | 7/13/10 | John Rosevear

[jimbo123]

Here it comes: According to several reports in recent weeks, General Motors is expected to file registration papers for its upcoming IPO very soon -- any day now.

While Tesla Motors' (Nasdaq: TSLA) recent IPO drew a lot of attention, that was small potatoes in comparison to what's coming. GM's initial public offering is expected to be one of the biggest in history, possibly the biggest.

[jimbo123]

The UAW wants its cash and it wants it before the November elections. Obama will give it to them.

[Eric in the Ozarks]

GM stock ?
Who are they trying to fool ?

[keepitreal]

Why would I buy new GM when the government hosed me in the last GM?

[jimbo123]

The GM IPO will generate nearly $2.5 billion in cash for the UAW.

[Lazamataz]

Why would I buy a share of Government Stock?

Didn't war bonds go out with WWII?

[keepitreal]

Of course the UAW gets paid. Of course, nothing for the former bond holders.

[G Larry]

Nah......
Grandpa said it was a fine investment.......

I’ll buy some more......right after the UAW divestiture......oh.....and Obama’s been fired......

[mowowie]

Quick, I have to call my Broker!!!

/s

[taildragger]

You buy GM Stock, you buy their Pension Liability and the UAW selling their shares to another party to fund their "VEBA". So you are also buying Liabilities and they are looking for a sucker to sell them to and cash out before it is to late.

And I am sick of hearing they are in a better spot than Ford.

Ford is now @ 27 billion in debt and is whittling it down @ the tune of 4 to 3 billion a qtr and are electing to pay down the remaining VEBA liability in cash.

Tell me which is the better run organization that understands capitalism and shareholder value and may succeed...

[technically right]

Yeah, we can see how well the Tesla stock is doing since it’s IPO. If they are able to get Obozo out of the corner office hopefully the wizards of smart at GM will pull the plug on the Volt (pun intended) and start designing some real cars again.

I still won’t buy a new GM car though.

[benewton]

Our Blazer, which I forced onto the boss, blew front wheel bearings every 15K miles or so. They were sealed bearings. Explorers followed, and she now drives her 2010 Explorer. It was the only American SUV available. Plus, being female, and with the weather around here, she needs AWD.

I did a couple of Avalanches, which worked well for me, but dumped the last one for an F350. I refuse to support, in any way, means, shape, or form the government nationalization of GM.

You can drive a government motors car if you want: we won’t.

[LibLieSlayer]

gm stock... not worthy to wipe with.

LLS

[chipper dave]

"I still won’t buy a new GM car though.

Apparently you aren't an old duffer yet! lol

[Myrddin]

F350 is a good vehicle, but you really have to have a monetarily beneficial use for the vehicle to justify the fuel expenses. Even my F150 gets limited road time due to fuel efficiency. When I need the F150 capability, I'm happy to pay the fuel cost. The 4x4 gets through snow when the storm gets ahead of what the plows can handle. The Mercury Mariner Hybrid 4x4 gets the most use as a passenger car. I have it in San Diego right now, but I'm riding the Kawasaki Versys to work. The 70 mile daily commute is more fun, faster and less expensive on the bike. The Mariner is present for bad weather and big grocery shopping. It also serves as a means to tow the bike home to Idaho when I'm finished with the trip.

[Bogeygolfer]

Another case of nobody reading the article. They are offering the government shares...the union is not in the least way involved.

[Lloyd-right]

I have never owned nor will I ever own a GM. My premonition is that Soros and several of his cabal will step in and buy it up before the IPO.

Ran into an old friend last week that was telling me Soros used to come play golf here in NC to get tips on IPO’s and buy up some stock right before an IPO. Then cash out at the time of the offering. Golf course talk and networking allowed him to do this. Just sayin’

Is there a way to watch anything like this before it happens? Any Freepers know of a way to watch this before it happens?

[Bogeygolfer]

“The GM IPO will generate nearly $2.5 billion in cash for the UAW.”

???? I don’t follow. As I read it we are talking about an IPO of the government shares. The union would therefor still own there position. Am I missing something?

[chipper dave]

"I have never owned nor will I ever own a GM."

It looks like the AARP issues a Buick with a 35 mph speed limit to every member in some parts of the country. lol

[jimbo123]

It’s an IPO for the entire company. The liberal media is censoring the fact that the UAW will cash out of their shares, too.

[Nahanni]

.the union is not in the least way involved.

ANYTHING that GM does the UAW is directly involved in.

I would give you a dollar to buy a clue but thanks to the Corruptocrat regime I don't have one to spare, especially for a clueless fool.