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The GM, Ford death watch - Oct. 9, 2008
by Mike the Usurper at 2:04 pm EDT, Oct 9, 2008 |
That gave GM a market capitalization of $4.3 billion - chump change for this industrial behemoth - while Ford stood only slightly better at $6.6 billion. The stock selloff effectively puts these companies on death watch and it is easy to see why.
This would be part of why no one is willing to float anymore loans to them and they had to get a $25 billion bailout last month. |
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RE: The GM, Ford death watch - Oct. 9, 2008
by w1ld at 10:15 pm EDT, Oct 9, 2008 |
Mike the Usurper wrote: That gave GM a market capitalization of $4.3 billion - chump change for this industrial behemoth - while Ford stood only slightly better at $6.6 billion. The stock selloff effectively puts these companies on death watch and it is easy to see why.
This would be part of why no one is willing to float anymore loans to them and they had to get a $25 billion bailout last month.
So from a fundamental standpoint do they not have more cash on hand from the loan than the market capitalization of the company? Seems like this would be a good buy. |
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RE: The GM, Ford death watch - Oct. 9, 2008
by Decius at 11:26 pm EDT, Oct 9, 2008 |
w1ld wrote: Mike the Usurper wrote: That gave GM a market capitalization of $4.3 billion - chump change for this industrial behemoth - while Ford stood only slightly better at $6.6 billion. The stock selloff effectively puts these companies on death watch and it is easy to see why.
This would be part of why no one is willing to float anymore loans to them and they had to get a $25 billion bailout last month.
So from a fundamental standpoint do they not have more cash on hand from the loan than the market capitalization of the company? Seems like this would be a good buy.
I hope somebody is fucking buying because these prices are scaring the crap out of me. Here is a good source on what went down today. |
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The GM, Ford death watch - Oct. 9, 2008
by Lost at 10:58 pm EDT, Oct 10, 2008 |
GM said in a statement Friday that bankruptcy protection was "not an option." But the stock plunge effectively puts both companies on death watch, and it's easy to see why. The ratings warnings followed a new report by Global Insight that shows U.S. auto sales hitting recession levels this year - and then sinking lower in 2009.
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