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GM hopes soon to repay government loan, sees chance of profit
Kansas City Star ^
| 07 April 2010
| Dee-Ann Durbin
Posted on 04/08/2010 7:51:51 PM PDT by Lorianne
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1
posted on
04/08/2010 7:51:51 PM PDT
by
Lorianne
To: Lorianne
Yeah... but can they find any customers?
2
posted on
04/08/2010 7:53:34 PM PDT
by
Safrguns
To: Lorianne
And I’m waiting for Skittles to rain down from the skies...
NEVER GONNA HAPPEN!!! GM and Chrysler are dead union shops walking. Look at Toyota’s sales - up what, 30+% percent? People would rather take a chance in crashing and dying (an albeit small chance, and for the record I own a Toyota and love it) then to buy a GM.
Does that tell everyone what they need to know?
3
posted on
04/08/2010 7:56:42 PM PDT
by
GOPsterinMA
(Welcome to the wonderful world of StupaKare!)
To: Lorianne
Wut????? I thought I just heard they lost LOTS????
4
posted on
04/08/2010 7:57:42 PM PDT
by
RushIsMyTeddyBear
(I don't have a 'Cousin Pookie'.)
To: Lorianne
GM, steadily returning to health after its bankruptcy filing last year, said it lost $3.4 billion in the fourth quarter of 2009 on revenues of $32.3 billion. But things are on the upswing, the company says.And the economy is on the upswing too --- LOL!!!
5
posted on
04/08/2010 7:59:07 PM PDT
by
mlocher
(USA is a sovereign nation)
To: Lorianne
“GM owes an additional $45.3 billion to the government. That will be repaid when GM makes a public stock offering.”
GM is a Government run house of cards. $45.3 Billion stock offering? Good luck with that.
To: Lorianne
Last trade .75. Don’t companies get kicked to OTC when they turn penny stocks?
7
posted on
04/08/2010 8:04:19 PM PDT
by
Domandred
(Fdisk, format, and reinstall the entire .gov system.)
To: GOPsterinMA
As soon as the Dems put the deal together to bailout the UAW, screw GM management, shareholders and bondholders - I knew both GM and Chrysler were dead.
The only way was a normal bankruptcy where the owners (bondholders) and management extract concessions through a bankruptcy court.
8
posted on
04/08/2010 8:05:22 PM PDT
by
Frantzie
(McCain=Obama's friend. McCain called AMERICANS against amnesty - "racists")
To: Lorianne
Profit via WAY underfunding their union pensions in 2009, so by cozy agreement the plan fails and the US Taxpayer is then on the hook for the union penions!
What’s a few trillion between friends.
9
posted on
04/08/2010 8:05:23 PM PDT
by
bvw
To: Frantzie
Exactly right Frantzie! The whole thing is a payoff to the unions, WITH OUR MONEY. Makes me feel great...not!
I’d buy a Chinese car before GM or Chrysler, given those were my only choices. At least the Chinese junk ain’t UAW produced.
10
posted on
04/08/2010 8:08:43 PM PDT
by
GOPsterinMA
(Welcome to the wonderful world of StupaKare!)
To: Lorianne
Knowing the criminal climate of Washington, I would say that the feds are shifting those funds to GM under the table for a fake "payoff", because, no one will buy their cars as long as they think it's still "Government Motors".
I think it's a big game of "show and tell" and nothing will change. This administration is very good at moving money from one pocket to the other in the same pair of pants.
But, I'm not only boycotting GM, I'm boycotting any car maker that is UNIONIZED. Unions are the "pod people" of socialist; each union is a mini-socialist organization and promoters of mediocracy.
It's all a part of the same syndicate...with obama pulling the strings
11
posted on
04/08/2010 8:12:41 PM PDT
by
FrankR
(Those of us who love AMERICA far outnumber those who love obama - your choice.)
To: Lorianne; All
"GM hopes soon to repay government loan, sees chance of profit...."
12
posted on
04/08/2010 8:14:39 PM PDT
by
musicman
(Until I see the REAL Long Form Vault BC, he's just "PRES__ENT" Obama = Without "ID")
To: musicman
13
posted on
04/08/2010 8:15:35 PM PDT
by
Lorianne
To: FrankR
To: Lorianne
15
posted on
04/08/2010 8:20:53 PM PDT
by
Cicero
(Marcus Tullius)
To: Lorianne
GM owes an additional $45.3 billion to the government. That will be repaid when GM makes a public stock offering.What a con job! They float $45 BILLION in new common stock, which will dilute the value of the present holdings down to next to nothing.
CITICorp did something similar. They couldn't pay bonuses as long as they owed the Feds the $20 Billion they borrowed. So . . . they talked the govt into swapping their holdings of preferred shares for common stock, then sold $20 billion in new common stock, paid the govt back and started cranking out the bonuses, laughing all the way. The shareholders (you and me) now held stock that had just been diluted by 20% or so.
There was an article crowing that the govt still made $7 billion on the deal and planned to sell the stock "before the end of the year". Counting chickens before they hatch applies here.
16
posted on
04/08/2010 8:29:25 PM PDT
by
Oatka
("A society of sheep must in time beget a government of wolves." –Bertrand de Jouvenel)
To: Cicero
Do they usually have a chart?
17
posted on
04/08/2010 8:44:32 PM PDT
by
Lorianne
To: Lorianne
[buried way at the bottom]
GM owes an additional $45.3 billion to the government. That will be repaid when GM makes a public stock offering.
Funny how you always find the lies at the top of the report, and the truth buried down in the footnotes to the financial statements. If this were a prospectus or an annual report, GM would be liable for securities fraud for statements like this.
18
posted on
04/08/2010 8:47:12 PM PDT
by
Oceander
(The Price of Freedom is Eternal Vigilance -- Thos. Jefferson)
To: Safrguns
only until the last UNION scum purchases a GM car. When all of them have done so by force, there will be no more customers.
Gee, let my company do what GM got away with in “bankruptcy” and I’ll make out like a bandit.
“Lie” is too small a word for these guys.
20
posted on
04/08/2010 9:22:30 PM PDT
by
D-fendr
(Deus non alligatur sacramentis sed nos alligamur.)
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