https://www.cnn.com/2025/05/01/business/gm-ceo-barra-tariffs-cost
16 replies (most recent on top)
They were actually planning another multi billion dollar stock buyback during this chaotic economy.
Why would they waste all that money needed to ride out the insanity?
Personal greed of course.
"MB is playing all of u"
Underrated comment. Additionally, the stock is almost a third above the 2011 IPO price so it's still relatively high compared to normal. I suspect the OP knows what GM's plans for buybacks are.
They'll buyback again as soon as they can. They'll lay off again, as soon as they can.
Shen Yang returns.
Tariffs will crash the economy.
Hopefully Trump will reverse them before it gets to Great Depression levels.
@t7+1jt7fxn9h
Tariff hysteria.
You are wrong.
Debt, overvalued stocks and inflation will be the true cause of the crash. All of which predated inauguration.
Orange man will make deals before the shelves are bare. I'm disappointed though. I want maximum pain.
The tariffs are going to crash the economy and in the BEST case put us in a recession instead of another Great Depression, like the last time a couple of id--ts named Smoot and Hawley did this.
Wait til all the retail warehouses have gone through their stock.
You'll go to the market or Walmart, and half the shelves will be empty.
What they do have for sale will be priced at twice what it cost a month ago.
You think that won't ruin the finances of the people you're talking about?
Here's what all of you are missing:
Stock buybacks will be futile soon.
Auto repossessions are higher right now than the "great financial crisis"/"great recession".
People can't pay their bills. Student loan defaults are more than 60%. Wait until after this September when the C19 protection laws end on mortgages. It will be the biggest landslide of home values & sales in history. What will THAT do to the economy???
Car prices are already beyond what most can pay. Moving forward that means:
Greater than the last Great Recession, which also means GM will be in the red.
All of the stock buybacks imaginable can't save GM stock.
Mary will be pushed out when the numbers are red.
However, given the past performance of the board of directors, they are likely to hire another "girl boss", control her from the sidelines and make equally horrific decisions that drag GM down.
When all of this happens, you can be damn sure AI and Raj will be trained and ready to go. The people who argue otherwise are fools. "It's not there yet." "We tried that before!" They will learn. There's no future for any of us long term. Get your life together today because this ship is taking on water, and it will bring down Michigan.
And PS the idea that there are these friends & relatives that will be the only ones left... they can't pull it off, which will be interesting to watch. popcorn
MB is playing all of u
Just because an article quotes the SLT doesn't mean the SLT is telling the truth.
If you think the SLT is always honest you must be new here.
The article says SLT was planning a stock buyback but decided against it.
Do you really believe they won't do it?
If not soon, in a few months?
I think at best they delayed it, regardless of what they say.
They're greedy and want to personally benefit from selling their stock options at inflated prices.
"time for a new stock buyback"
Article says there's no stock buy back. Someone mentions this, people down-vote it.
This is why many of you deserve to lose everything. You are LOSERS.
We don't want to work with people like you!
How do share an article and not even read it?
Maybe that’s what the Monday 7:30 call is about.
From the same article (self-owned):
"The lower earnings guidance resulted in GM halting plans to spend additional billions in repurchasing its stock, a move it announced Tuesday."
Stop the misinformation. It's a bad character trait. If you claim it's a joke, it's not a funny one. We are all under a lot of pressure. This isn't helpful or funny.
For the SLT it's always a good time for a stock buyback