phil_Buffett Posted April 16, 2014 Share Posted April 16, 2014 http://www.bloomberg.com/news/2014-04-16/gm-move-to-freeze-lawsuits-may-cut-customer-payouts-by-billions.html Link to comment Share on other sites More sharing options...
argonaut Posted April 23, 2014 Share Posted April 23, 2014 Is anyone tracking the B warrants using the Bloomberg app for iPhone or iPad and if so, may I ask what symbol you are using? I've tried gm/ws/b, gm.ws.b, etc...either I am missing something or it does not sync for warrants... Link to comment Share on other sites More sharing options...
thelads Posted April 23, 2014 Share Posted April 23, 2014 use GM/WS/B US Link to comment Share on other sites More sharing options...
fareastwarriors Posted April 23, 2014 Share Posted April 23, 2014 use GM/WS/B US That is for the BB terminal ticker. The site/app is different. (at least to my knowledge...) Link to comment Share on other sites More sharing options...
argonaut Posted April 23, 2014 Share Posted April 23, 2014 yes, the app does not recognize that symbol...I called them but have not heard back yet..I also filled in a contact form...but thought perhaps one of the esteemed users on this forum might already have the symbol handy :) Link to comment Share on other sites More sharing options...
fareastwarriors Posted April 30, 2014 Share Posted April 30, 2014 US government says it lost $11.2B on GM bailout http://www.cnbc.com/id/101628848 Link to comment Share on other sites More sharing options...
thelads Posted April 30, 2014 Share Posted April 30, 2014 Ok - try this - its the cusip for the warrant - hope it helps: 37045V126 Anyone have any updated opinion on valuation? Link to comment Share on other sites More sharing options...
JPerez Posted May 4, 2014 Share Posted May 4, 2014 http://money.cnn.com/video/news/2014/05/03/n-warren-buffett-general-motors-ceo-mary-barra-liability.cnnmoney/ Interesting video. Buffett saying he had lunch with Barra recently and he is very impressed 'She's dynamite ... I was really impressed.'. I think there is a real possibility that Berkshire is increasing their stake in GM in the last few months a these depressed prices. Also the April sales looked really good, specially considering the circumstances. And it seems that they are trying to keep price discipline in their sales. I believe that the stock will see the 50s in the next couple of years because they are capable of earning 5$ a share and they have a very strong balance sheet. Link to comment Share on other sites More sharing options...
EliG Posted May 5, 2014 Share Posted May 5, 2014 http://dealbook.nytimes.com/2014/05/03/live-blog-berkshire-hathaways-2014-shareholder-meeting/#about-mungers-hearing Buffett is worried about Munger's hearing. Is it just a joke, or is it a stock tip? ... Then Mr. Buffett wades in. “I get a little worried about Charlie. I probably shouldn’t say this” — a trace of an impish smile crossing his face — “but I’m worried about Charlie.” Why? It’s Mr. Munger’s hearing. Mr. Buffett recalls talking to a doctor about his business partner’s hearing. To test the extent of any potential hearing damage, Mr. Buffett says from across the room, “Charlie, what do you think about buying General Motors [stock] at $35?” Nothing. Mr. Buffett moves closer. “Charlie, what do you think about buying General Motors at $35?” Nothing. The billionaire then stands right next to his partner and says directly in his friend’s ear, “Charlie, what do you think about buying General Motors at $35?” Mr. Munger turns to him and says, “For the third time, I said yes.” Link to comment Share on other sites More sharing options...
PJM Posted May 5, 2014 Share Posted May 5, 2014 http://dealbook.nytimes.com/2014/05/03/live-blog-berkshire-hathaways-2014-shareholder-meeting/#about-mungers-hearing Buffett is worried about Munger's hearing. Is it just a joke, or is it a stock tip? ... Then Mr. Buffett wades in. “I get a little worried about Charlie. I probably shouldn’t say this” — a trace of an impish smile crossing his face — “but I’m worried about Charlie.” Why? It’s Mr. Munger’s hearing. Mr. Buffett recalls talking to a doctor about his business partner’s hearing. To test the extent of any potential hearing damage, Mr. Buffett says from across the room, “Charlie, what do you think about buying General Motors [stock] at $35?” Nothing. Mr. Buffett moves closer. “Charlie, what do you think about buying General Motors at $35?” Nothing. The billionaire then stands right next to his partner and says directly in his friend’s ear, “Charlie, what do you think about buying General Motors at $35?” Mr. Munger turns to him and says, “For the third time, I said yes.” Buffett has cracked this joke many times with different stocks but surprisingly the stock price is always 35 :) Link to comment Share on other sites More sharing options...
txlaw Posted May 5, 2014 Share Posted May 5, 2014 WEB on Barra: http://video.cnbc.com/gallery/?video=3000272536 Link to comment Share on other sites More sharing options...
phil_Buffett Posted May 5, 2014 Share Posted May 5, 2014 WEB on Barra: http://video.cnbc.com/gallery/?video=3000272536 http://money.cnn.com/video/news/2014/05/03/n-warren-buffett-general-motors-ceo-mary-barra-liability.cnnmoney/ Interesting video. Buffett saying he had lunch with Barra recently and he is very impressed 'She's dynamite ... I was really impressed.'. I think there is a real possibility that Berkshire is increasing their stake in GM in the last few months a these depressed prices. Also the April sales looked really good, specially considering the circumstances. And it seems that they are trying to keep price discipline in their sales. I believe that the stock will see the 50s in the next couple of years because they are capable of earning 5$ a share and they have a very strong balance sheet. thanks both of you :) Link to comment Share on other sites More sharing options...
valueinvesting101 Posted May 5, 2014 Share Posted May 5, 2014 May be there are looking at insuring liability similar to asbestos liability deal. Link to comment Share on other sites More sharing options...
fareastwarriors Posted May 15, 2014 Share Posted May 15, 2014 G.M. Recalls Another 2.7 Million Vehicles http://www.nytimes.com/2014/05/16/automobiles/gm-recalls-another-2-7-million-vehicles.html?ref=business&_r=0 Link to comment Share on other sites More sharing options...
redskin Posted May 15, 2014 Share Posted May 15, 2014 WEB on Barra: http://video.cnbc.com/gallery/?video=3000272536 http://money.cnn.com/video/news/2014/05/03/n-warren-buffett-general-motors-ceo-mary-barra-liability.cnnmoney/ Interesting video. Buffett saying he had lunch with Barra recently and he is very impressed 'She's dynamite ... I was really impressed.'. I think there is a real possibility that Berkshire is increasing their stake in GM in the last few months a these depressed prices. Also the April sales looked really good, specially considering the circumstances. And it seems that they are trying to keep price discipline in their sales. I believe that the stock will see the 50s in the next couple of years because they are capable of earning 5$ a share and they have a very strong balance sheet. thanks both of you :) I actually talked with Ted Weschler at the annual meeting. I asked him what he would be buying if he was dealing with smaller sums of money. He mentioned that he is allowed to invest in his personal account and mentioned the GM C warrants. He thinks there is about a 30% chance they go to zero with the possibility they go 10X. I wouldn't be surprised if you see Berkshire's stake increase in the 13-f filing today. Link to comment Share on other sites More sharing options...
BRK7 Posted May 15, 2014 Share Posted May 15, 2014 quick glance at 13F shows BRK sold 10M shares of GM in the quarter WEB on Barra: http://video.cnbc.com/gallery/?video=3000272536 http://money.cnn.com/video/news/2014/05/03/n-warren-buffett-general-motors-ceo-mary-barra-liability.cnnmoney/ Interesting video. Buffett saying he had lunch with Barra recently and he is very impressed 'She's dynamite ... I was really impressed.'. I think there is a real possibility that Berkshire is increasing their stake in GM in the last few months a these depressed prices. Also the April sales looked really good, specially considering the circumstances. And it seems that they are trying to keep price discipline in their sales. I believe that the stock will see the 50s in the next couple of years because they are capable of earning 5$ a share and they have a very strong balance sheet. thanks both of you :) I actually talked with Ted Weschler at the annual meeting. I asked him what he would be buying if he was dealing with smaller sums of money. He mentioned that he is allowed to invest in his personal account and mentioned the GM C warrants. He thinks there is about a 30% chance they go to zero with the possibility they go 10X. I wouldn't be surprised if you see Berkshire's stake increase in the 13-f filing today. Link to comment Share on other sites More sharing options...
Yours Truly Posted May 15, 2014 Share Posted May 15, 2014 WEB on Barra: http://video.cnbc.com/gallery/?video=3000272536 http://money.cnn.com/video/news/2014/05/03/n-warren-buffett-general-motors-ceo-mary-barra-liability.cnnmoney/ Interesting video. Buffett saying he had lunch with Barra recently and he is very impressed 'She's dynamite ... I was really impressed.'. I think there is a real possibility that Berkshire is increasing their stake in GM in the last few months a these depressed prices. Also the April sales looked really good, specially considering the circumstances. And it seems that they are trying to keep price discipline in their sales. I believe that the stock will see the 50s in the next couple of years because they are capable of earning 5$ a share and they have a very strong balance sheet. thanks both of you :) I actually talked with Ted Weschler at the annual meeting. I asked him what he would be buying if he was dealing with smaller sums of money. He mentioned that he is allowed to invest in his personal account and mentioned the GM C warrants. He thinks there is about a 30% chance they go to zero with the possibility they go 10X. I wouldn't be surprised if you see Berkshire's stake increase in the 13-f filing today. He does have personal stakes in DVA , DTV, LMCA, and STRZA as far as I know. Thanks for the tid bit and must have been nice to talk to him. Link to comment Share on other sites More sharing options...
snow pea Posted May 15, 2014 Share Posted May 15, 2014 I actually talked with Ted Weschler at the annual meeting. I asked him what he would be buying if he was dealing with smaller sums of money. He mentioned that he is allowed to invest in his personal account and mentioned the GM C warrants. He thinks there is about a 30% chance they go to zero with the possibility they go 10X. I wouldn't be surprised if you see Berkshire's stake increase in the 13-f filing today. I may be missing something here, but if you like the GM C warrants, mightn't you just buy comparable strike leaps instead? According to quick info pulls: GM-WTC: expire 12/31/2015; strike is $42.31; current price is $2.32; GM $42 '16 leaps: expire 1/15/2016; strike is $42.00; current price is $1.77 The GM warrants don't have ordinary dividend protection, no? So in practice, I'm aware of very little difference here, other than a fairly significant valuation gap - am I missing something important? Volume? Link to comment Share on other sites More sharing options...
Yours Truly Posted May 16, 2014 Share Posted May 16, 2014 looks like Ted just reduced Berkshires stake in GM and no warrants to be found Link to comment Share on other sites More sharing options...
redskin Posted May 16, 2014 Share Posted May 16, 2014 looks like Ted just reduced Berkshires stake in GM and no warrants to be found He said he takes considerable more risk in his personal portfolio than what he would ever do for Berkshire. I'm pretty certain he wouldn't buy the C warrants for BRK. I'm not sure why you would buy the C warrants instead of the leaps. Link to comment Share on other sites More sharing options...
fareastwarriors Posted May 16, 2014 Share Posted May 16, 2014 GM to Pay Record $35 Million Fine Over Handling of Recall http://www.bloomberg.com/news/2014-05-16/gm-said-to-agree-to-u-s-fine-over-ignition-switch-recall.html Link to comment Share on other sites More sharing options...
sleepydragon Posted May 19, 2014 Share Posted May 19, 2014 I may be missing something here, but if you like the GM C warrants, mightn't you just buy comparable strike leaps instead? According to quick info pulls: GM-WTC: expire 12/31/2015; strike is $42.31; current price is $2.32; GM $42 '16 leaps: expire 1/15/2016; strike is $42.00; current price is $1.77 The GM warrants don't have ordinary dividend protection, no? So in practice, I'm aware of very little difference here, other than a fairly significant valuation gap - am I missing something important? Volume? maybe it's because people can short the leap options (many doing covered calls) but they can't short the warrants. So the options is miss-priced? Another reason could be the warrant is cash settled (not sure if it is), and the options you have to pay brokers to exercise it or sell it before expiration? anyway, I feel it's too risky.. look at BP.. took many years to get out of their "one-time problem". For GM, I wonder if this is a culture issue. Culture is too hard to change. Their own workers in the factory that made these cars couldn't believe this is happening. They were proud of their work. They thought they are producing good quality cars. That's a little hopeless. The same people will make the same mistakes again. Link to comment Share on other sites More sharing options...
Avyalake Posted May 20, 2014 Share Posted May 20, 2014 Cadillac Finally Makes German Luxury Prices Stick Cadillac ratcheted up prices the old-fashioned way: by making a much better car http://www.businessweek.com/articles/2014-05-19/cadillac-finally-makes-german-luxury-prices-stick#r=lr-sr Link to comment Share on other sites More sharing options...
moody202 Posted May 20, 2014 Share Posted May 20, 2014 GM to Pay Record $35 Million Fine Over Handling of Recall http://www.bloomberg.com/news/2014-05-16/gm-said-to-agree-to-u-s-fine-over-ignition-switch-recall.html 35M is not not substantial in today's world! Link to comment Share on other sites More sharing options...
jeffmori7 Posted May 20, 2014 Share Posted May 20, 2014 Someone's buying more B warrants, apart from Monish? A 50$ stock in 5 years would imply a double for the warrants, 15% compounded. I'm pretty confident GM stock can trade higher than that. Link to comment Share on other sites More sharing options...
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