C.. wow...

[plugger]

Quote from blackbook:

what is the connection with C and GM?

Both are letters in the alphabet with G coming after C and the same goes for M.

 

[JamesJ]

C exploding right now, 70 cents in 10 minutes

 

[2ez]

Quote from Stok:

Yup...per yahoo finance:

F total debt is $157B
GM total debt is $45B

Now, lets take out cash in the bank:

F has $27B in cash, and $157B in debt, for net debt of $130B
GM has $16B cash, $45B in debt, so net debt is $29B.

How about net debt PER SHARE (to show how f*cked they are):

F has $54 net debt PER SHARE! ($130B net debt divided by 2.4B S/O).
GM has $48 net debt PER SHARE($29B divided by 635M S/O).

There is NO WAY these companies can survive and whoever is holding all this debt is screwed!

I’m lost here….


During the congressional meeting it was asked to rank the three from the best to worst shape. Ford was ranked as being the best of the three. Followed by Chrysler with GM coming in last.

Yet, your numbers are saying otherwise…unless I am missing something.

 

[S2007S]

Quote from Stok:

Yup...per yahoo finance:

F total debt is $157B
GM total debt is $45B

Now, lets take out cash in the bank:

F has $27B in cash, and $157B in debt, for net debt of $130B
GM has $16B cash, $45B in debt, so net debt is $29B.

How about net debt PER SHARE (to show how f*cked they are):

F has $54 net debt PER SHARE! ($130B net debt divided by 2.4B S/O).
GM has $48 net debt PER SHARE($29B divided by 635M S/O).

There is NO WAY these companies can survive and whoever is holding all this debt is screwed!

How they can let these companies stay in business as they were building up that much debt is beyond me.

 

[stock_trad3r]

GM: 20 cents

Citi $2

that seems fair

 

[brokerboy]

Quote from Stok:

Yup...per yahoo finance:

F total debt is $157B
GM total debt is $45B

Now, lets take out cash in the bank:

F has $27B in cash, and $157B in debt, for net debt of $130B
GM has $16B cash, $45B in debt, so net debt is $29B.

How about net debt PER SHARE (to show how f*cked they are):

F has $54 net debt PER SHARE! ($130B net debt divided by 2.4B S/O).
GM has $48 net debt PER SHARE($29B divided by 635M S/O).

There is NO WAY these companies can survive and whoever is holding all this debt is screwed!

I heard there were a lot of small green car companies popping up. I think the government should buy these companies in bankruptcy and bring some different and innovative people in.

 

[number22]

Quote from brokerboy:

I heard there were a lot of small green car companies popping up. I think the government should buy these companies in bankruptcy and bring some different and innovative people in.

When gas hit $4, i cut back on my suv, but still driving it everyday. There is no way, i am going to get a "green" car, when gas hit below $2.

 

[Random.Capital]

Quote from brokerboy:

I heard there were a lot of small green car companies popping up.

There is no such thing as a green car. If everybody west of the Mississippi moved to electric cars, you would have to flood the entire state of Oregon to generate enough hydro power to run them all.

 

[jtnet]

c

 

[brokerboy]

Quote from number22:

When gas hit $4, i cut back on my suv, but still driving it everyday. There is no way, i am going to get a "green" car, when gas hit below $2.

i am not looking for you to have a choice. we need to have better ideas that can be a future sector to employee americans. i know nature gas can run a bus but we can do better.