Kirk's Market Thoughts 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.

Non-Tech : Kirk's Market Thoughts

COHR 198.51

+0.4%

Dec 11 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: sandeep	9/20/2023 7:57:33 PM
	Read Replies (1) of 26763

GM mgmt - "Those record profits are reinvested in our company and our people. In 2022, GM had net income profits of $9.9 billion. In 2023, our capital spending will be $11-$12 billion. That’s not an aberration ? over the past ten years, our net income totaled $65 billion, and the amount we invested in that same period? $77 billion," says Reuss. Isn’t net income after capital spending has already been accounted for? What about buybacks of 17b? They are done from net income. Capex isn’t. Is this guy lying or is there some funny math here?

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next