We doubt a buyer gets in front of risk that a strike cripples GM North America. UAW negotiations tend to go down to the wire _ now March 31 _ so a GMAC sale is harder to envision before sometime in the second quarter. |
We doubt a buyer gets in front of risk that a strike cripples GM North America. UAW negotiations tend to go down to the wire - now March 31 - so a GMAC sale is harder to envision before sometime in the second quarter. |
We doubt a buyer gets in front of risk that a strike cripples GM North America. UAW negotiations tend to go down to the wire -- now March 31 -- so a GMAC sale is harder to envision before sometime in the second quarter. |
We doubt a buyer gets in front of risk that a strike cripples GM North America. UAW negotiations tend to go down to the wire — now March 31 — so a GMAC sale is harder to envision before sometime in the second quarter. |
We feel growing skepticism about a GMAC sale has weighed on GM shares in recent weeks, and today's comments will likely only add to such pressure. |
We reiterate our concern about the profit drag from selling fewer SUVs. |
We remain confident GM will offer some assistance to Delphi, but bankruptcy risk cannot be ignored. We think GM would find it hard to justify not offering its struggling, former captive supplier, Delphi, some form of assistance. |
We see sizable North American share loss continuing, weighing on earnings and offsetting many restructuring benefits. |
We think better cost performance was a key driver of the improvement in North American and possibly higher profitability on cars than we had anticipated. |
We think one of the primary factors weighing on the company's equity has been concern about the Chapter 11 filing. We think the new bank line makes an imminent filing very unlikely. |
We think such a move would not occur if prospects for traction on the turnaround plan were tighter. The management change comes at an inopportune time given the challenges ... and severe stresses on the North American business, some of which will likely require longer term attention. |
We'd caution about becoming too optimistic given a number of challenges, such as very weak (free cash flow). |
What investor wants to buy a company that sells plastics to GM when plastics are going through the roof while the prices GM pays go down? |
What it takes for the currency to recover, however, is that the markets have some confidence that things are going to be mended. The problem is that Indonesia did all the right things early on and announced a number of steps that would have led to more confidence in what's going to happen there and then they didn't carry through on it. |