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Thread: GM's return to top continues as it rejoins S&P 500

  1. #21
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    Re: GM's return to top continues as it rejoins S&P 500

    Quote Originally Posted by Rocketman View Post
    Bankruptcy means you fail, close your doors, that is not what happened. Execs go their money, the ****ing union got their money and the stock holders got nothing.
    You do understand, don't you....that there are different types of bankruptcy. You should probably know that before making such a foolish comment.
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    Re: GM's return to top continues as it rejoins S&P 500

    Quote Originally Posted by pbrauer View Post
    Without the help, first from President Bush, then President Obama GM would likely be gone now.[INDENT]
    Oh noes, if left to forces of free market capitalism, the industry would have downsized, became more efficient, shed its unprofitable endeavors, and adapted to the changing environment. Instead, they're merely hanging on like the Panda Bear through intervention of other forces, a useless creature unable to sustain itself. Huzzah!
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    Re: GM's return to top continues as it rejoins S&P 500

    Quote Originally Posted by ocean515 View Post
    Interesting.

    According to GM's own 1st quarter report, free cash flow was a negative $1.3 billion, their underfunded U.S. and non U.S. pension status increased to @ @$26 billion, and their global market share continued to decrease.

    Earnings Releases - Quarterly Reports & Financial Releases | GM.com
    GM made $.58/share in the first quarter and had positive cash flow from operations of $500B. The free cash flow is a non-GAAP financial metric which deals with the ability of a company to cover its capital investment (not service its debt) out of cash flow. It might be like measuring your ability to payoff (as in eliminate) your mortgage out of your net salary for the year (as opposed to measuring your ability to make your mortgage payments).

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    Re: GM's return to top continues as it rejoins S&P 500

    Quote Originally Posted by ocean515 View Post
    According to GM's own 1st quarter report, free cash flow was a negative $1.3 billion....
    Net margin has been consistently in positive territory since March 2010. Stock is doing OK. Analyst opinion is mostly hold or buy, with some sell. GM, Ford, Chrysler are all apparently gaining market share.

    Seems a bit early to declare it a permanent success, but they certainly have a better shot than if they went belly up in 2007.

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    Re: GM's return to top continues as it rejoins S&P 500

    Quote Originally Posted by ksu_aviator View Post
    Let's not forget that, besides sticking it to private investors, GM paid back the government with government money.
    Not really. The government took a bunch of stock in the new company as "payment." The government is intermittently selling off GM stock, with the goal of total divestment at some future point.


    They still aren't making money, they still don't have any signs of recovering. Dead man walking.
    As noted, their profit margin has been in positive territory for over 2 years, market share is up, auto sales in general are up a bit. Again, no way to know the future, but they seem like they may survive just fine.

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    Re: GM's return to top continues as it rejoins S&P 500

    **WRONG**

    To be fair, all the government did was securitize a loan that Fiat demanded in order to negotiate a buyout.

    No private financiers were willing to offer such a sizable loan, so the government stepped in.

    Kudos to them for doing it, as GM seems to be doing pretty well.

    The real hero here is Fiat, an Italian car-maker, for turning around a bankrupt company and making it profitable again.

    **WRONG**
    Last edited by StringBean; 06-06-13 at 08:47 PM.

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    Re: GM's return to top continues as it rejoins S&P 500

    Quote Originally Posted by StringBean View Post
    To be fair, all the government did was securitize a loan that Fiat demanded in order to negotiate a buyout.

    No private financiers were willing to offer such a sizable loan, so the government stepped in.

    Kudos to them for doing it, as GM seems to be doing pretty well.

    The real hero here is Fiat, an Italian car-maker, for turning around a bankrupt company and making it profitable again.
    What does Fiat have to do with GM's rescue? Fiat was involved in Chrysler's rescue...
    I don't often change my signature, but this was just too over the top to let anyone forget with what this country is up against...
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    Re: GM's return to top continues as it rejoins S&P 500

    Quote Originally Posted by Fenton View Post
    The GM bailout was a payback to the Unions for their support, plain and simple, it was a poor choice that cost tax payers billions and basically let any Union know, if they're large enough, they can through the threat of strikes and collective bargaining run any American Corporation into the ground and receive a leg up when that corporation can no longer keep it's head above water.

    GM should have been allowed to go through a managed bankruptcy. Forget that their stock has risen in a Stock Market that exclusively held up with low interest rates falsely pushed down with massive printing and monetizing of our own debt. A stock market that's waiting for the first indication of stopping of QE so they unload massive amounts of over priced assets, equities and bonds.

    The GM bailout set a bad example.

    Mark Milke: Bailouts of GM and Chrysler were a bad idea - Opinion - Times Colonist
    Bingo!!!!
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    Re: GM's return to top continues as it rejoins S&P 500

    Quote Originally Posted by Grant View Post
    Those 1 million people would just be working for other auto companies because supply would still have to meet demand. We can understand why the people of Ohio voted for Obama and it's because they were bribed. There is no other way to put it.
    Really? Four years in advance, they were bribed? Sureeeeeeeeee they were.

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    Re: GM's return to top continues as it rejoins S&P 500

    Quote Originally Posted by pbrauer View Post
    All the credit markets were closed at the time, it was Uncle Sam or nothing. Today there is approximately 1 million people working because of the bailout of GM and Chrysler. The citizens of Ohio showed their appreciation to President Obama by voting for him. Oh and all those workers are paying their share of FIT.
    It should have been NOTHING then, as those employees being part of the Union that sunk GM with their excessive greed needed to be taught a hard lesson. Those citizens of Ohio that DO support Obama are extremely naive, and poorly informed individuals.

    They showed their appreciation by inflicting four more years of what has to be the most corrupt President in History on the rest of us who.....have brains in our heads.

    Now they're dependent on a economy that being held up with massive unprecedented central bank printing and that only.
    The New Democratic Party Slogan :

    " Return to Power By Any Means Necessary "

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