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GM loses big-time
"Eisboch" wrote in message news  "Canuck57" wrote in message news:UgXkk.51647$nD.26502@pd7urf1no... "Eisboch" wrote in message ... Although dismal financial results, the bulk of the "losses" are write offs and charges to re-tool for the manufacture of more smaller, fuel efficient cars for the US market. Sounds horrible, and I am not making light of the problems, but it's not as bad as the media (and you) are making it out to be. Sounds worse actually. Posting a quarterly loss that is more than twice as much as your market cap well, in my books is serious bankruptcy coming on. GM's troubles are understated, and in fact it is probably too late for GM as we know it to come back from this. My guess is GM will be broken apart. The US side will just go bankrupt while if GM has any profitable divisions off shore they will be bought piecemeal by others. Target price, $0.20 as a speculation buy. Time will tell. Eisboch Private equity buy at say $3B? |
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