if you want a real opinion, ask any previous GM stockholder, either preferred or common shareholders, how they perceive the value of the company. And remember they are still a zombie company to the tune of 40 billion. No thanks.  

Wow, talk about fishing in the desert. Cramer has to go back to 1979 to find enough examples to back this sorry recommendation. I can hardly believe the pandering media hype on this GM IPO. Just remember folks, the U.S. Government will still own more shares than they sold after this IPO. Last week, they would have been perfectly happy to sell all those shares at $26 to get out of GM entirely.  What makes you think they won’t still be happy to sell their remaining shares at $26 in the future? And where will that leave you if you buy it at $38? Keep in mind too, this is likely to be a highly volatile stock for at least a few months after this IPO, like AIG was after it collapsed and then reverse split. Are you really prepared to see your $38 investment fluctuate by $5-10 in any single day for a chance to make $3-4 dollars

 

How about this deal; I’ll consider buying a few shares of GM stock (just to be patriotic) when Goldman Sachs publicly announces it will never short the stock for itself or any of its clients. 

An IPO price based on anticipation is a disaster in the making.Not much has changed in the infrastructure of the company,and union costs to maintain the initial price.Not to mention taking a TARP loan to (and I love this) to show they paid back their TARP loan.So,to those out there with a couple of neurons still functioning,you'll know what to do after it's issued.And you too will have a merry Christmas. 

So a company becomes a great buy when the bondholders are told to go burn their bonds, the gov't  takes 50 Billion dollars from us and puts it in the company, and now it's worth $30.00 a share?  They still have billions in unfunded legacy pension costs and are wasting millions on an electric car that isn't electric, a car that no one will buy, even at its cost to manufacture.  Count me out!  Oh, except what they already took from me.... 

Lots of ignorance being spouted on here as if it were knowledge. I'd bet that nearly everyone of you geekhead complainers takes money from the public sector in some form or fashion. Probably love anything and everything import, too. Even though those products are probably being assembled by children or people relegated to sub minimum wage decrees. Its time we stand up and support everything American we possibly can or else we will become subservient to the rest of the world some day sooner rather that later. If you  think there is a level playing field, I suggest you see what other countries are doing for their industries to get ahead. We need to support and protect our own or we WILL lose everything to the world.

This is not right! People lost retirement and now GM is trading at $35.00? How? Ford didn't go through any of this and their stock is at $16.00 not sure how they figure Gm is worth twice the amount of Ford stock. If anyone buys this at $35.00 they are idiots! It has one way to go and that's down! Not to mention that this goes against all of the American values that this country was built on. GM shouldn't even be around! They screwed their own dealers!!! WAKE UP PEOPLE! DO WHAT IS RIGHT AND BUYING THIS PAPER IS NOT SMART. Any profit that company made should go back to the people who lost their retirment, jobs, and the American public! Americans bailed them out, so after all the dealers and employees GM cut, those people should be paid back 1st.  Does anyone notice how GM is almost patting themselves on the back for acting like the accomplished something. I'll tell you I have never seen a GM commercial saying thank you for saving our azz. Now they want our support? Are you kidding me?

Cramer is an outright FRAUD and SNAKE OIL SALESMAN. Two days ago he was spouting about don't even bother buying the new GM, you are better off buying Ford.

 

Now he opines about how great this company will be.

Cramer talks out of both sides of his mouth depending on who the audience is so his credibility is ZERO.

 

GM still have an underfunded pension even after dumping $6 billion into it after the stock sale. They WILL STILL have 10 times the number of retirees to workers paying into the system which means their DB plan is always paying out MORE than it's taking in by a HUGE multiple and if the stock/bond markets have a bad couple of years this exacerbates this problem even more.

 The US government will STILL OWN 24% of this company AFTER the IPO, they still have billions in debt to pay off to the government.

 

The one "good" thing is that they have about $40 billion in tax losses they can carry forward for years so the IRS isn't going to be getting much tax revenue from them anytime soon. 

 

So the US taxpayer gives them $50 billion for a bailout in order to save the company and tens of thousands of jobs and tax receipts for towns/cities. Then the IRS aka the tax payer gets ZERO tax revenue until this tax loss carry forward is exhausted which will take a decade at least depending how profitable the new GM is. This little bailout is costing the taxpayers more like $100 billion when you add it ALL up.

 

 

 

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just the fact that cramer is recommending this should be more than enough to tell you why this is a bad deal. Can't wait to start shorting this.

 

Think any of the old GM bondholders will buy? Oh wait that's right, GM and the government stole their savings and gave it to the unions.

Wow, listen to all the so called 'capitalists'  and 'free marketers' whine.  I've heard these people before, usually when extolling the virtues of privatizing social security.  But what about the risk? they're asked.  The answer is usually to sack up, nothing is garunteed.

Now, however, comes the whine that the original investors should have their loosing bets covered.  So, if the other guy looses, tough, but, if I loose, it's where's my gubmit check.  Typical reactionary thinking.

Face it, most of the whining is comming from people who are mad that this was Obama's idea and it appears to be working which drives them crazy.

I can't believe Cramer is still even allowed a format to spout his liberal BS views. He led his followers right off the cliff during the recent collapse in 2008 and now he's beating the drum for Government Motors?? Wake up America