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GM stock 12 year low, no turnaround plan

Discussion in 'Other Cars' started by Robert Taylor, Apr 15, 2005.

  1. Robert Taylor

    Robert Taylor New Member

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    http://www.nytimes.com/2005/04/15/automobi...print&position=

    ..."If most on Wall Street do not think bankruptcy is on the horizon because the companies have adequate cash reserves, analysts also see no clear turnaround path. Rising gas prices are weighing on sales of Detroit staples like Ford Explorers and G.M.'s Chevrolet Suburbans. In its profit warning last week, Ford cited as a key factor "the prospect of higher and sustained gasoline prices." Some analysts worry that Toyota and Honda are far better positioned to weather gas prices because they have stronger passenger car offerings and are far ahead in developing fuel-efficient hybrid electric cars..."

    Detroit management has all the foresight of a mayfly.
     
    #1 Robert Taylor, Apr 15, 2005
  2. hdrygas

    hdrygas New Member

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    Hay don't impugn the Mayfly!!! :guns: It is a great bug. I would bet that more trout are caught on Mayfly imitations in all of it's forms from nymph, through emerger, dun and spinner than any other fly. It is a noble insect. A fly fisheman's friend. GM however that is another story.
     
    #2 hdrygas, Apr 15, 2005
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