Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Re: GM & Ford debt lowered to junk
Old 05-08-2005, 10:16 AM   #21
Thinks s/he gets paid by the post
 
Join Date: Dec 2002
Posts: 3,875
Re: GM & Ford debt lowered to junk

Quote:
Originally Posted by bruce1
Hi All
My only question would be is how badly the investor and bondholder would fare in the reorganization to follow the bailout. Still probably worth a gamble
Bruce
GM is still a "buy" with me, but I'm fully committed elsewhere.........
(Save your "committed" jokes. I can see that one coming)

JG
__________________

__________________
MRGALT2U is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Re: GM & Ford debt lowered to junk
Old 05-08-2005, 10:54 AM   #22
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
cute fuzzy bunny's Avatar
 
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,697
Re: GM & Ford debt lowered to junk

Dang it.
__________________

__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
cute fuzzy bunny is offline   Reply With Quote
Re: GM & Ford debt lowered to junk
Old 05-08-2005, 10:54 AM   #23
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
cute fuzzy bunny's Avatar
 
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,697
Re: GM & Ford debt lowered to junk

And I was hoping for a frivolous double-post out of the whole thing too...
__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
cute fuzzy bunny is offline   Reply With Quote
Re: GM & Ford debt lowered to junk
Old 05-08-2005, 02:44 PM   #24
Moderator Emeritus
laurence's Avatar
 
Join Date: Feb 2005
Location: San Diego
Posts: 5,234
Re: GM & Ford debt lowered to junk

you two are almost synergistic at this point! Good luck to those of you that bought in, I still think your money is safe...
__________________
laurence is offline   Reply With Quote
Re: GM & Ford debt lowered to junk
Old 05-08-2005, 03:00 PM   #25
Full time employment: Posting here.
 
Join Date: Nov 2002
Posts: 768
Re: GM & Ford debt lowered to junk

Quote:
Expect the big story in five - ten years to be wave after wave of private pension/medical insurance defaults and the US refusing to pick up the slack.
It appears that the US workers who relied upon company plans have spent their life working in vain. They should have just spent their youth laying on the beach, and enjoying life. The result in their "golden years" will be the same.
__________________
Michael is offline   Reply With Quote
Re: GM & Ford debt lowered to junk
Old 05-08-2005, 10:21 PM   #26
Recycles dryer sheets
 
Join Date: Oct 2004
Posts: 325
Re: GM & Ford debt lowered to junk

When one realizes the BIG LIE behind socialism, communism, and corporatism (work hard now, AND WE PROMISE we'll take care of you when you are old and frail) and takes control of their own future fate, they are finally living in the present, self reliant and not dependent, and have the ability to transform themselves from peasants to feemen.* Its been that way since the first wage was paid to the guy pulling stones to build the Pyramids.* Too bad few ever truly get it until its too late.
__________________
"TEMPUS FUGIT"
LEX is offline   Reply With Quote
Re: GM & Ford debt lowered to junk
Old 05-09-2005, 05:48 AM   #27
Thinks s/he gets paid by the post
BUM's Avatar
 
Join Date: Feb 2004
Location: Mid Hudson Valley
Posts: 1,778
Re: GM & Ford debt lowered to junk

Quote:
Originally Posted by REWanabe
My response to that is the same as when I read science fiction or a cookbook:

"Like that's gonna really happen...."

REW, 19 days to eR
REW, (Close enough to shed the "anabe")

Slightly premature congrats as ER looms so very near! When I was in your position I prayed, "Lord, please don't take me NOW". So we'll be looking for the big post on 5/27 or 5/28

Altogether now "The best is yet to come..."

BUM
__________________
In a panamax down by the river.
BUM is offline   Reply With Quote
Re: GM & Ford debt lowered to junk
Old 05-09-2005, 07:18 AM   #28
Thinks s/he gets paid by the post
 
Join Date: Dec 2002
Posts: 3,875
Re: GM & Ford debt lowered to junk

I don't recall any in-depth discussions about serious junk bond
investment. A kind of Sanford and Son portfolio, if you will

Re. GM/Ford "junk" debt, we're Milken it to death IHMO.

JG
__________________
MRGALT2U is offline   Reply With Quote
Re: GM & Ford debt lowered to junk
Old 05-09-2005, 10:03 AM   #29
Moderator Emeritus
laurence's Avatar
 
Join Date: Feb 2005
Location: San Diego
Posts: 5,234
Re: GM & Ford debt lowered to junk

Quote:
Originally Posted by MRGALT2U
I don't recall any in-depth discussions about serious junk bond
investment. A kind of Sanford and Son portfolio, if you will

Re. GM/Ford "junk" debt, we're Milken it to death IHMO.

JG
Snort! You kill me, JG!
__________________
laurence is offline   Reply With Quote
Re: GM & Ford debt lowered to junk
Old 05-09-2005, 12:15 PM   #30
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
cute fuzzy bunny's Avatar
 
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,697
Re: GM & Ford debt lowered to junk

:P
__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
cute fuzzy bunny is offline   Reply With Quote
Re: GM & Ford debt lowered to junk
Old 05-09-2005, 05:54 PM   #31
Full time employment: Posting here.
 
Join Date: Nov 2002
Posts: 768
Re: GM & Ford debt lowered to junk

Quote:
I don't recall any in-depth discussions about serious junk bond investment.
The long term return of Vanguard's junk bond fund tends to lag that of its investment grade intermediate term bond fund. Defaiults more than balance the additional interest. If I were to buy junk, I would buy a fund to diversify my risk, and buy when the economy was in the tank to maximize the odds of capital gains. Of course, this is also the best time to load up on equity, which tends to outperform junk.
__________________
Michael is offline   Reply With Quote
Re: GM & Ford debt lowered to junk
Old 05-11-2005, 12:54 AM   #32
Recycles dryer sheets
 
Join Date: May 2005
Posts: 287
Re: GM & Ford debt lowered to junk

If I was Kerkorian and owned a ton of GM stock and I heard that GM was about to get a Junk Bond Rating I would....

Notify the SEC that I was going to buy a few Billion Dollars worth of GM Stock. This would cost me nothing.

I would then wait for the news media to promote my announcement to buy.

This would cushion the Junk Bond rating announcement several days later.

This is called "protecting the pot".

b.
__________________

__________________
boont is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Equity Is Altering Spending Habits and View of Debt Craig FIRE and Money 6 02-21-2009 01:25 PM
Market and public debt Marshac Other topics 6 08-30-2004 07:05 AM
Debt Countdown Update BigMoneyJim Young Dreamers 7 06-08-2004 08:27 AM
Paying off Debt vs. 401(k) Contributions BigMoneyJim FIRE and Money 4 02-10-2003 11:06 AM

 

 
All times are GMT -6. The time now is 07:39 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.