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Old 07-02-2008, 05:28 PM  
directfiesta
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Join Date: Oct 2002
Location: Montreal, Quebec
Posts: 29,801
Quote:
Originally Posted by AmateurFlix View Post
look at the 5 day chart on that page you linked.
as I mentioned earlier, their sales were merely 'up' from what analysts had forecast, not 'up' from the previous month. in other words, they didn't lose as much as was expected.

you know, a large part of the problem they (and all auto manufacturers) are experiencing right now, is directly due to modern day investor expectations. shareholders generally aren't interested in making steady profits over the long term via dividends, they're interested in doing whatever increases revenue in the current fiscal quarter and drives up stock prices.

conforming to that goal has meant continuing to build large trucks & SUV's and not focusing on economy cars over the past 5 years, despite a steady rise in gas prices and the inevitable present-day situation.

the automakers are as capable as any other industry of anticipating future market demands, yet their hands are tied partially due to short term speculators that help to create the mess they - and the country as a whole - are currently in.
</rant>


MAJOR ownage .....

Merrill Says GM Bankruptcy 'Not Impossible' ( Fox News article of today here ! )

GM Shares fell almost 15 percent to touch a new 54-year low and the cost to insure GM's debt rose. The drop was the biggest one-day decline in GM shares in percentage terms since 1999.


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I know that Asspimple is stoopid ... As he says, it is a FACT !

But I can't figure out how he can breathe or type , at the same time ....
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