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More on General Motors' Q4: A weak performance in Europe and a rash of one-time accounting...

More on General Motors' Q4: A weak performance in Europe and a rash of one-time accounting charges drove profits down from their levels of a year ago. A solid quarter in both South America and U.S. couldn't offset Europe. The automaker says 49K U.S. workers will receive profit-sharing checks of up to $6,750. GM -0.7% premarket. (PR)
Comments (3)
  • The Geoffster
    , contributor
    Comments (4013) | Send Message
     
    Chanel stuffing always comes back to bite you.
    14 Feb 2013, 08:03 AM Reply Like
  • phxcrane
    , contributor
    Comments (422) | Send Message
     
    Good for the UAW workers. They get a bonus check. What about the stock owners? Oh Yea they are a stock owner. Did the Government/taxpayer get a check?
    14 Feb 2013, 08:32 AM Reply Like
  • Matt Blecker, CFA
    , contributor
    Comments (168) | Send Message
     
    Geoffster,

     

    Please get your info from another site other than zerohedge. There is clearly an agenda there. Inventory is at normal levels compared to historical standards and auto demand. The chart shown on that site of inventory build up is misleading because they start from the low of 2009 which was a time when auto demand was at multi-decade lows. If you don't think more cars are being sold now than 2009 you are living on another planet. And the company has a ridiculous amount of liquidity to handle debt, pension obligations, and possibly for buybacks. They also have number one share in China. The market finally seems to be recognizing this as the stock is up significantly since its lows. I think over the next few years there is much more upside potential with limited downside risk.
    14 Feb 2013, 08:39 AM Reply Like
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