Formerly About Advanced Micro Devices Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: tejek who wrote (459068)	2/24/2009 2:46:43 PM
From: TimF	Read Replies (1) of 1573746

Chronically means every year No it doesn't. If a company loses money more years than not, and if you add up the last decade or two and get a net loss, its chronically unprofitable. GM has gotten into financial trouble the last two-three years. Its relative lack of competitiveness and profitability goes back longer than that. It used to be dominant, it gradually lost more and more market share, and cut its margins to try to retain what it could. If its going to survive (at least survive as anything other than a state supported entity) it needs to fundamentally restructure itself, including shedding itself of many of the costs and restrictions imposed on it by the unions. Right now, the US can't afford to lose anything of value Which is why we can't afford to continue to bail out GM. and GM has considerable value No it doesn't. Its market cap is about a billion and a quarter while its debt is over $45bil. Its a value destroyer taking in hundreds of billions of investment without profitable return (and that's before the bailout money it received).

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next