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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: valueminded who wrote (71108)	11/11/2007 3:08:14 PM
From: mishedlo	Read Replies (2) of 116555

Implications of GM's non-cash writeoff globaleconomicanalysis.blogspot.com By writing off $39 billion in deferred tax assets, GM is effectively stating that its earnings prospects are so dim that it may never be able apply those tax credits against future taxable income. Even ignoring the one-time items, GM still lost $2.80 per share. When do shareholders start to realize that "one-time" items are a way of life at GM? Mish

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