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Look dumb ass. I posted actual numbers, go look it up. They post financials all over the place.

But hey, let me make it really, really, simple for you, or anyone else...

GM had over 100 billion in lt debt. That debt was owned by a variety of investors. When the company went bankrupt, the bond holders got about 8 cents on the dollar of common stock of new gm, along with some warrants. Then no longer own the bonds, nor are they paid interest. Follow me so far?

Ok, so that means that GM is no longer on the hook for the bonds, and they don’t pay the interest or the principal, right??

That DID NOT happen at F.

My point is, that the lack of expense in paying interest or principal on the debt, GM has a massive cash flow advantage compared to before, and since F DID NOT default on THEIR debt, they have a much, much higer operating expense than GM.

There, I wasted some time on you, I’ll write it off as a charitable expense.

If you want to argue what I just wrote, humor me, and prove how stupid you are.

“That DID NOT happen at F.”

No, it didn’t. They hocked everything, including the blue oval. All those assets are back, unencumbered by debt.

I’m astounded that someone who claims to be an analyst would only look a Ford overall, and not separate the operating company from the finco. They are not the same. S&P and Moody’s (for what they’re worth, which isn’t much) give them separate credit ratings. There’s a reason for that. Think about what the debt of the operating company is used for vs. what the finco uses it for.

You claim that GM’s balance sheet is in much better shape than Ford’s. It is, but the balance sheet isn’t all that matters. Ask yourself why GM’s credit ratings, overall, are lower than Ford’s.

You mention how GM went bankrupt. No, they didn’t. The GM North America subsidiary went bankrupt. The rest of their world-wide operations were unaffected by that.

You may be an analyst. If so, you’re still learning. Keep it up. Trust me - strip out the fincos, and keep working on your CFA.