Schöne heile Welt: fast wieder wie zu alten Zeiten: General Motors (DJ-Index)

verfasst von Emerald, 04.12.2003, 07:16

-->In the most recent quarter, for example, the finance division of General Motors generated a whopping 96% of the company’s profits. That wouldn’t be so bad, except next year’s economic growth seems likely to drive up interest rates. And rising interest rates can be very bad for finance companies.

Indeed, the total pension claims on GM recently stood at an awesome $80.1 billion -- or more than three times the auto giant’s current market cap of $24.1 billion. This suggests there’s nothing left for anyone who buys the stock now. “There is no shareholder value in GM,” says Bonavico. “Pension retirees own all of the value in the company.”

http://moneycentral.msn.com/content/P66178.asp

So they have 261 billion in debt. Is that 261 billion plus 80 billion from their unfunded pension?

In the most recent quarter, for example, the finance division of General Motors generated a whopping 96% of the company’s profits. That wouldn’t be so bad, except next year’s economic growth seems likely to drive up interest rates. And rising interest rates can be very bad for finance companies.

Indeed, the total pension claims on GM recently stood at an awesome $80.1 billion -- or more than three times the auto giant’s current market cap of $24.1 billion. This suggests there’s nothing left for anyone who buys the stock now. “There is no shareholder value in GM,” says Bonavico. “Pension retirees own all of the value in the company.”

http://moneycentral.msn.com/content/P66178.asp

So they have 261 billion in debt. Is that 261 billion plus 80 billion from their unfunded pension?

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gesamter Thread:

• Schöne heile Welt: fast wieder wie zu alten Zeiten: General Motors (DJ-Index) - Emerald, 04.12.2003, 07:16
  • Fortsetzung Nr. 1 - Emerald, 04.12.2003, 07:18