The Epic American Credit and Bond Bubble Laboratory Message Board

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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: russwinter who wrote (24925)	1/19/2005 11:22:21 AM
From: Ramsey Su	Read Replies (3) of 110194

russ, just listened to the GM call. Guidance for next year - $4 to $5 per share. With about 564 million shares outstanding, that is $2.8 billion in earnings. Then they said GMAC should earn $2.5 billion, down from $2.9 billion this yr. So they make a jillion cars just to make $300 million while GMAC earns the lion's share. Why is this important? I suppose if you listened to Greenfed, they have been warning about carry trade for a long time. Is GM a prime example of how a company is making money purely because of current phenomenum? what if GM got downgraded to junk junk, the narrow spread no longer so narrow? Now off to read the ryl report. I understand orders are still way up.

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