Jump to content

GM Shares Oversubscribed?


StubbleJumper
 Share

Recommended Posts

Better yes, great or worth while - probably not. But hey they have a good business in China.

 

Thats a really good point.  Board members are NA centric.  GM has operations around the world.  It was the US division that needed restructuring.

 

That said car companies - you can have them, all of them.  Too competitive and capital intensive.

Link to comment
Share on other sites

  • 10 months later...

http://www.bloomberg.com/news/2011-09-01/no-gm-buyback-or-dividend-seen-as-pension-gap-freezes-cash-cars.html

 

GM isn’t required to make contributions to its U.S. pension plans this year, according to its 10-K filing. The automaker doesn’t project required contributions until at least 2015 and is evaluating whether to make additional voluntary inputs still this year, according to the filing.

 

“We suspect GM will make a large voluntary contribution late this year or early next year, as the company has frequently repeated its conviction to ‘fully fund and de-risk’ its U.S. pension plan,” Ceraso said in the Aug. 18 Credit Suisse report.

 

GM now trades for less than its cash on hand.

 

yeah if you don't count debt and pension liability. but most rational investors Would.

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share

×
×
  • Create New...