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GM Releases Earnings....ouch!!
08-01-2008, 08:54 AM
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#1
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Aug 2006
Posts: 12,483
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GM Releases Earnings....ouch!!
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Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)
This Thread is USELESS without pics.........:)
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08-01-2008, 08:55 AM
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#2
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2003
Posts: 18,085
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Only thing I thought that mattered in the quarterly report: They still have $21 billion in cash.
Time to go back to sleep for another quarter.
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Ezekiel 23:20
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08-01-2008, 08:59 AM
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#3
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
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Quote:
Originally Posted by brewer12345
Only thing I thought that mattered in the quarterly report: They still have $21 billion in cash.
Time to go back to sleep for another quarter.
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They're burning $1 billion a month in that reserve. When their credit lines are tapped, whose going to give them money?
I agree they are WAY better off than Chrysler and about the same as Ford.........
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Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)
This Thread is USELESS without pics.........:)
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08-01-2008, 09:00 AM
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#4
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
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Location: North Oregon Coast
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GM's market cap is now down to about $6 billion.
ExxonMobil could buy the whole company with about 7-8 WEEKS worth of profits.
Not that they would want to.
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"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)
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08-01-2008, 09:02 AM
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#5
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Aug 2006
Posts: 12,483
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__________________
Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)
This Thread is USELESS without pics.........:)
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08-01-2008, 10:57 AM
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#6
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Thinks s/he gets paid by the post
Join Date: Feb 2005
Posts: 2,032
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Quote:
Originally Posted by brewer12345
Time to go back to sleep for another quarter.
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Just pulled up the GMAC Smartnote 5.25% Maturing 5/19/09 on Bondscan.
22%YTM Heck, they should have enough cash to last until May!
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08-01-2008, 11:20 AM
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#7
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Full time employment: Posting here.
Join Date: May 2008
Posts: 546
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It's the syndrome of throwing all of your bad news into one quarterly report (they kind of dropped the ball on that one too when you consider their past reports) by writing that $9.1 billion special one-time cost onto this earnings statement.
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