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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Tenchusatsu who wrote (288445)	5/18/2006 12:53:04 PM
From: steve harris	Respond to of 1571776

when you consider they don't mind the govt spending everyone else's money but not theirs, a statement like theirs doesn't mean much...

To: Tenchusatsu who wrote (288445)	5/21/2006 3:23:56 PM
From: tejek	Read Replies (1) \| Respond to of 1571776

Steve, Just yesterday ted decided govt management is a lot better than America's corporate management. Don't blame Ted, he's probably listening to "geniuses" like this guy: Message 22439951 Certainly the government can spend better than I do, they can get economy of scale. That doesn't mean they will. And what do you call GM's mgmt.........bad luck? GM has been spending like an out-of-control teen with a credit card. The result.........nearly $300 billion in debt with only $50 billion in cash on hand.....pathetic. GM's Gross Margin is 10......the industry GM? 16. Those 6 pts might not seem like much to you, but in a world that is measured in billions of dollars, they are huge. BTW GM has no profit margin........its a negative figure. But you and Harris keep drinking the koolaid that all corp. do a better job of managing their assets. Just another urban myth brought to you by ABG. ;-)