What if the camaro isnt what we thought
03-03-2008, 06:35 AM
#41
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What wall are you reading? Sounds like regurgitated liberial media BS to me. They like to put a doomsday spin on everything they can, but you have to remember that *how* they tell the story can often change the nature of the story itself. GM did not lose billions in cash for '07, they are offering buyouts to highly paid workers that are at or near retirement age, with the hopes of creating jobs for younger workers at lower salaries to keep operational expenses down. You want something to worry about? Worry about Ford. Here are the stock prices as of the close of Wall Street on 2/29/08: GM: $23.28, Ford: $6.53.
Granted I do not know how evenly GM & Ford's stocks are divided. They could be of equal value, I didnt check. However, my point is you just cant make an assumption about the value of a company by looking at it's stock price.
03-03-2008, 08:58 AM
#42
Safe to say there aren't a lot of accountants here. That $37 billion loss is a very scary number, but when you actually analyze what caused it, it really is nothing. Without getting too involved, it was a bunch of deferred expenses (expenses incurred in one year, but not claimed until later) among other things.
I won't sit here and tell you GM is doing fine, but things are certainly not as grim as the media makes it look. That said, I'm still in "wait and see" mode for this new car. I'm hopeful that it won't dissapoint, but I've been wrong before - and if I'm wrong, then my '99 will get a lot of new parts!
I won't sit here and tell you GM is doing fine, but things are certainly not as grim as the media makes it look. That said, I'm still in "wait and see" mode for this new car. I'm hopeful that it won't dissapoint, but I've been wrong before - and if I'm wrong, then my '99 will get a lot of new parts!
03-09-2008, 10:03 PM
#44
Safe to say there aren't a lot of accountants here. That $37 billion loss is a very scary number, but when you actually analyze what caused it, it really is nothing. Without getting too involved, it was a bunch of deferred expenses (expenses incurred in one year, but not claimed until later) among other things.
I won't sit here and tell you GM is doing fine, but things are certainly not as grim as the media makes it look. That said, I'm still in "wait and see" mode for this new car. I'm hopeful that it won't dissapoint, but I've been wrong before - and if I'm wrong, then my '99 will get a lot of new parts!
I won't sit here and tell you GM is doing fine, but things are certainly not as grim as the media makes it look. That said, I'm still in "wait and see" mode for this new car. I'm hopeful that it won't dissapoint, but I've been wrong before - and if I'm wrong, then my '99 will get a lot of new parts!
