To: Qbert; ding_dong_daddy_from_dumas; stephenjohnbanker; DoughtyOne; FromLori; Gilbo_3; NFHale; ...
RE :”
Being generous to GM, assume the company should trade on the same price-to-earnings multiple as Ford — 6.4 times next year’s consensus earnings estimates, according to Reuters. The U.S. Treasury converted $43 billion of emergency loans into a 61 percent equity stake in the revamped GM that emerged from Chapter 11. That means the Motown manufacturer has to be worth about $70 billion for Uncle Sam to break even.”
This is Democrats call a ‘success’. Better yet, GM is shipping jobs to Mexico using the TARP money to open plants there.
26 posted on
08/19/2010 9:03:51 AM PDT by
sickoflibs
("It's not the taxes, the redistribution is the federal spending=tax delayed")
To: sickoflibs
Partially owned by the government...
Under the management of Barack Hoover Obama...
The unions are in partial control...
They’re moving some operations to Mexico...
They government tries to destroy other companies to gain market share...
GM, enough is enough. Good riddance...
27 posted on
08/19/2010 9:09:57 AM PDT by
DoughtyOne
(UniTea! It's not Rs vs Ds you dimwits. It's Cs vs Ls. Cut the crap & lets build for success.)
To: sickoflibs
“assume the company should trade on the same price-to-earnings multiple as Ford — 6.4 times next year’s consensus earnings estimates”
Ahahahahaha.
Funniest thing I’ve heard of in a long time.
Ahahahahahaha.
Yeah, their revenue is what, 5 billion this year? They’ll then be worth about 2x what Ford is, not 6.5x.
I could see an argument for valuing them at par with Ford.
28 posted on
08/19/2010 11:00:16 AM PDT by
BenKenobi
(We cannot do everything at once, but we can do something at once. -Silent Cal)
To: sickoflibs
“This is Democrats call a ‘success’. Better yet, GM is shipping jobs to Mexico using the TARP money to open plants there.”
Better Yet tear out assembly lines and install printing presses and start printing money!!
29 posted on
08/19/2010 1:09:13 PM PDT by
Cheetahcat
(Zero the Wright kind of Racist! We are in a state of War with Democrats)
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