The Unsinkable brian cork™

Brian Patrick Cork is living the Authentic Life

Told Ya

November17

See yesterdays post: General Motors ON

UPDATE 11/17/2010 @ 1pm: VOILA! – GM Confirms Expanding IPO by 31 percent

I’ll just keep it coming.

Peace be to my Brothers and sisters.

Brian Patrick Cork

http://briancork.wordpress.com/2010/11/16/general-motors-on/

General Motors ON

November16

It’s no secret that General Motors (“GM”) has it’s Initial Public Offering (“IPO”) this week.

What might be a secret to the masses, however, is it’s truest underlying purpose.

The government lent money to GM. There is some thinking that the government could own as much as sixty-one percent (61%) of GM. And, the big auto-maker, as leading and cutting-edge as it’s vehicles have become, will struggle for decades to pay our thinly stretched United States Treasury back – and, it does not have a prayer of meeting it’s pension obligations.

So, they, that insidious “they” (no doubt led by the pipe-smoking-black-dog), mind you, are going to foist the problem on the American Citizens the very best of the good old fashioned way, certainly time-honored… By manipulating the stock market.

Seriously.

Here is how this particular effort will play-out. You simply need to make the decision if you are going to benefit, or keep getting your collective asses kicked.

The IPO will likely open up around $28.00 a share. Insiders (by many a definition) will pay less. For example, the United States Treasury is going to own shares as will friends of the big brokerage houses. JP Morgan is the syndicate lead and they are making all manner of new friends on Capital Hill with this play. This is not widely publicized for obvious reasons.  In any event, based on the aforementioned loan details, the Treasury will break even when the stock hits approximately $44.00.

So, it’s a good bet the stock will do just that, and then some.

I’m guessing there will likely be close to a $6m billion over subscription of the stock leading up to the IPO. My experience tells me we’ll see about $1 billion in roiling. Then that “over-hang” of back-orders will kick the stock up. After that, it’s all about “management”.

This is not evil. This is simply the way things work. You, why not you, can argue it’s part of the American dream.

I have to say something. It’s one of the many reasons you read this Blog. And, it’s something a Prudent and Optimistic Gentleman finds, required.

Good luck. But, there is little of that actually involved. Fortuna, perhaps, eh Dr. Pappas?

UPDATE 11/17/2010 @ 1pm: VOILA! – GM Confirms Expanding IPO by 31 percent

Peace be to my Brothers and Sisters

Brian Patrick Cork

quote-able road rage

May26

honda insightThe Honda Insight is now crawling (literally) into the North American market.

I am not going to review it because I won’t ever drive it. But, based on what I (think) know it’s tinny, the suspension feels like a bobsled, you can’t call the engine a power-plant because every legitimate technical review of the toy vehicle describes the sound the engines makes as a “whine”.

In the United States, only three four-seat cars; and, all of them hybrids, get thirty five (35) miles per gallon (mpg), or better:

The Toyota Prius which starts at $21,000; the Honda Insight which starts at $19,800; and, the Ford Fusion hybrid which starts at $27,995

Somewhere, Honda and Toyota lobbyists are certainly smiling.

And, it can be argued this is where terrorism has actually claimed a victory. In case you had any glimmer of doubt, you can now be certain that Ford, GM and Chrysler will not likely exist as truly independent companies by 2016.

We need to be angry about this. The sound of my heart breaking with the loss of such a national legacy makes a noise worse than someone else’s crying baby on an airliner. It’s worse than the sound of your parachute failing to open. Really, to get an idea of how awful it is, you’d have to sit a dog on a ham slicer (just not Rowdy, to be sure).

There is currently a lot of hand-wringing in-and-amongst the House and Senate over what to do with suspected terrorists at (Guantanamo Bay Prison (“Gitmo”). Why not make them drive Honda Insight taxi cabs in New York City? There is your “eye for an eye” baby.

By the way… How many people really understand the meaning of “Gitmo”?

Brian Corks Porsche CaymanMeanwhile… I am not meaning to come across as arrogant, and I am always and reasonably thinking “green“. But, bet on me strapping on my unbadged Porsche Cayman and making a run for the real money so’s my hair catches fire (although, mind you, have shaved my head for summer training). With it’s unique chip-set, it flys, and is reasonably efficient – mostly because of pilot skill and training.

Peace be to my Brothers and Sisters.

Brian Patrick Cork

Barack Obama and the Jeffersonian Model

March30

Back in 2007 we discussed the Jeffersonian Model here.

Over the weekend we learned that President Barack Obama (through “The White House”) has suggested or requested; likely demanded that the current CEO of General Motors, Rick Wagoner, resign (does this mean President Obama will also suggest his replacement?).

It’s worthwhile to address the question whether Obama is viewing the deployment of his policies from the Jeffersonian perspective:

In the Jeffersonian model, the President often tries to expand his powers outside of the ones denoted in the United States Constitution. There are five presidents considered by many Political Scientists and Historians to be the main contributors to the expansion of the powers of the Executive Branch in the United States. These include: Thomas Jefferson, Andrew Jackson, Abraham Lincoln, Theodore Roosevelt and, Franklin D. Roosevelt.

I am reasonably confident that American history offers a favourable view of each of the these leaders. However, something is “niggling (this is a decidedly English term)” in the back of my head, and my radar is up. I suspect that a good government, like any good business, needs to be flexible in reflection of circumstances. However, the terms reactive as opposed to proactive are in my head (This is consistent with my business coaching approach).

I am only setting this thinking into motion this morning.

More on this shortly as I address this line of thinking in future posts.

Although this effort could be fraught with danger, feel free to chip in.

More later.

Peace be to my Brothers and Sisters.

Brian Patrick Cork

What’s All This About?

"What am I looking at?", you might wonder.

Lots of stuff.

Meanwhile, here, I discuss events, people and things in our world - and, my (hardly simplistic, albeit inarticulate) views around them.

You'll also learn things about, well, things, like people you need to know about, and information about companies you can't find anywhere else.

So, while I harangue the public in my not so gentle way, you will discover that I am fascinated by all things arcane, curious about those whom appear religious, love music, dabble in politics, loathe the media, value education, still think I am an athlete, and might offer a recipe.

All the while, striving mightily, and daily, to remain a prudent and optimistic gentleman - and, authentic.

brian cork by John Campbell





photos by John Campbell

 

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