Recent

% | $
Quotes you view appear here for quick access.

General Motors Company Message Board

wngr123 356 posts  |  Last Activity: 3 hours ago Member since: Oct 24, 2008
  • "No, there are no oil spots under it....lol!"

    I owned a 1959 MGA for a while. When I bought the car the guy gave me a box of spare parts. He said "Here, take these, you're going to need them. He was right. Mostly Lucas electrical stuff.

    I have a British friend that is fond of saying that the Brits like warm beer because they have Lucas refrigerators.

  • Reply to

    SCALEY, WE HARDLY KNEW YE

    by adrian_whapcaplet 5 hours ago

    "You'd think he would have been a bit chilly with no pants at all on"

    Got all the way up to 23 today. Spent the afternoon at the beach.

  • Reply to

    SCALEY, WE HARDLY KNEW YE

    by adrian_whapcaplet 5 hours ago

    "Have you guys seen the news item about the 58 year old Detroit guy who died in a car crash while watching dirty movies on his phone?

    You people wear pants when you drive???? Crazy west coast people.

  • Reply to

    Wngr: An Apology

    by cheblammo Feb 9, 2016 10:53 PM

    "In addition to the above, I indicated that in the time it took you to print financial statements, they are already worthless. And they are. In the time it takes to print your statements, the universe has changed. The value of the peso has changed."

    I'm starting to get a clear picture of the315185. He's trying to convey the illusion that he is this big international financial expert except he doesn't know what a 10K is, doesn't know how to find it, and thinks it's 100 pages of financial statements.

    In reality, it is the 4 basic financial statements and the rest are the explanations of the numbers (something he would surely benefit from). He would know if GM is hedging, and he would know which currencies they are. I've known since the beginning of this conversion the answers to those questions, but I would like to know if he was a serious enough poster to figure it out for himself...he isn't.

    Any additional time spent on this fraud would be wasted.

  • Reply to

    Wngr: An Apology

    by cheblammo Feb 9, 2016 10:53 PM

    "Good, we both agree that the proper value of GM assets is the MARKET RATE! We are getting somewhere! "
    That was never in question, but I'm glad you have finally learned the difference between asset based values and transactional based values. They work in opposite directions. So, if the assets are a disadvantage, the value of the cars, engines, transmissions are an advantage. I'm glad you finally have figured that out.

    As far as a loss on the asset, it's a paper loss until the asset is disposed of. Something that a number of other posters have been trying to tell you. Those assets will never be disposed of, even if the company is liquidated in the US, it would reform with it's assets in other countries. Bankruptcy is determined by jurisdiction in case you didn't know.

    "The peso is in the vicinity of 19 today. Did your assets go up or down in value wngr. The peso was around 18.0 yesterday."
    You keep trying to change the discussion to an asset based discussion, although I can't say as I blame you. If I were so obviously wrong on the point you were trying to make, I would try to change the subject as well.

    " In the time it took you to print your 100 pages of financial statements, they would already be worthless. "
    I don't have to read 100 pages of financial statements because I know where to go and find the information I need. They are kind enough to put a Table of Contents at the beginning of the 10K's and 10Q's for people who want to know the truth. It's a shame you don't know how to find these or use them. It would help you in maintaining the little bit of credibility you may be able to save after this exchange.

    You obviously aren't very experienced in this kind of thing, you would be better off asking questions, rather than trolling.

  • Reply to

    Balance Sheet query

    by tibco_monkey Feb 11, 2016 10:27 AM
    wngr123 wngr123 Feb 11, 2016 10:51 AM Flag

    "Coulf someone tell me what's in the "Other Liabilities" line in the Balance Sheet and why it's building so rapidly?"

    Other liabilities can be found in Note 11 on Page 73 of the 2015 10K. It includes such items as Dealer Allowances, product warranties, deposits from rental fleets, and some other misc. stuff.

    Actually this line item is down from 2014. In 2014 it was $14.1B and in 2015 it is $12.6B.

  • Reply to

    Went to the Chevy dealer today

    by rotacann Feb 10, 2016 12:01 AM
    wngr123 wngr123 Feb 11, 2016 6:58 AM Flag

    "False in Michigan, but I have nothing against Canada or it people."

    Is that because they look like us? Mexicans spend their money here too.

  • Reply to

    Wngr: An Apology

    by cheblammo Feb 9, 2016 10:53 PM
    wngr123 wngr123 Feb 11, 2016 6:47 AM Flag

    "The problem for you is that these Mexican assets are the most productive and cost efficient that GM has. Why would they liquidate?"

    As I said the other day, even facing bankruptcy they never gave a thought to liquidating the Mexican operations. To even consider this displays a rather undeveloped sense of strategy.

    If the315185 knew anything about disclosures and business publications, he wouldn't have to worry about GM so much. I told him where to go to read about this, but it's becoming apparent he can't find it.

  • Reply to

    Wngr: An Apology

    by cheblammo Feb 9, 2016 10:53 PM
    wngr123 wngr123 Feb 10, 2016 6:52 PM Flag

    "100% correct"
    " I'd love to see you walk into the office of a bank or trade company and try to foist off this BS of yours on them."
    Which is it? Am I correct or is it BS? Can't be both.

    " That's right, MARKET RATE ."
    Exactly what I said. Thanks for finally coming around.

    ""10k, page 46"
    ...............not the topic here. Your accounting program is not being discussed here."
    Did you read it? Do you even know what a 10K is? I bet you don't know where to look it.

    "Come to think of it, you were fired weren't you?"
    Careful, you're starting to unravel.

  • Reply to

    Wngr: An Apology

    by cheblammo Feb 9, 2016 10:53 PM
    wngr123 wngr123 Feb 10, 2016 3:09 PM Flag

    "I appreciate people like you guys who have a lot to bring when talking about things from experience in the industry; what we've seen, done, and otherwise experienced. Some here are so caught up in their games they cannot appreciate that informed perspective. I know I've learned a lot over the years. Engaging in a real, enlightening conversation on these topics is not easy to do here with all the children playing."

    Thank you Questy. I said the other day that the real victims of the UAW are the members. Over the years I have learned to respect the opinions and abilities of people who work in the plants. That's not the problem with me. My problem is the UAW leadership who are selling its members down the river.

    Although you and I don't always agree, I respect your opinion and I read every one of your posts.

  • Reply to

    Wngr: An Apology

    by cheblammo Feb 9, 2016 10:53 PM
    wngr123 wngr123 Feb 10, 2016 3:03 PM Flag

    "And not only that, but question intelligence levels."
    I wouldn't say that. There's no questioning about it.

    "The market knows, as do I, that every single solitary invested peso whether used to build a plant, buy an engine or buy a car is worth far less."
    And there's a perfect example why it's not a question. You don't know the difference between a balance sheet entry (capital investment) and an income statement entry (profit/loss). One is transactional, one is inventory or asset based. On a transaction the value is set at the current exchange rate. On a balance sheet entry, the asset is marked at value.

    If the company would ever decide to liquidate it's assets in Mexico, they would do it at the current rate and take the gain/loss at that point. Think that's going to happen? Well, they didn't do it when they were facing bankruptcy, I doubt they'll do it any time soon. Mexico is their bread and butter and I can show you 11 billion reasons why.

    "Do we need to discuss 2008 to determine if unrealized, unhedged exposures are for real?! Are you bloody kidding?"
    Are you bloody stupid? Read page 46 of the 10K just published. Once again, you have given us a reason to doubt your knowledge. Stop setting yourself up like this. It's starting get annoying.

  • Reply to

    Wngr: An Apology

    by cheblammo Feb 9, 2016 10:53 PM
    wngr123 wngr123 Feb 10, 2016 10:23 AM Flag

    "IMO, most people don't know how to think. They will go to great lengths to avoid thinking."

    Exactly. Too many people go with their preconceived notions without testing them against verifiable facts. Then when the facts ARE presented to them, instead of modifying their assumptions, they try to twist the facts to match their assumptions. Critical thinking is, as you say, in danger of extinction.

  • Reply to

    Wngr: An Apology

    by cheblammo Feb 9, 2016 10:53 PM
    wngr123 wngr123 Feb 10, 2016 8:10 AM Flag

    "However, after having read your recent exchanges with "the315185", I think you should return to Jeye. He may not be the sharpest knife in the drawer, but this guy is brain dead."

    Such is life. You know, here's the thing that puzzles me. GM is not a perfect company, no company is. But instead of picking on it's warts, somebody makes up stuff that just isn't true. And if that's not enough, they expect no one will call them on it.

  • Reply to

    Let's Recap the315185's Performance Thus Far

    by wngr123 Feb 9, 2016 9:53 AM
    wngr123 wngr123 Feb 10, 2016 8:02 AM Flag

    "What about What about. What about........"

    Yep, tough when confronted by facts isn't it? Time to make up ANOTHER alias and try again.

  • Reply to

    Let's Recap the315185's Performance Thus Far

    by wngr123 Feb 9, 2016 9:53 AM
    wngr123 wngr123 Feb 9, 2016 9:42 PM Flag

    "Done with this topic......FINALLY"
    I don't think so. The fact that there was a FX loss on a consolidated basis is not in question either at the revenue line or the EBIT line. Do not try to deflect the topic. YOU said it was in Mexico. As I explained to Jeye the other day, Mexico is in NA.

    So, you still have to fabricate an answer to these questions. If what you are saying is true:

    1. How do you explain the complete absence of FX loss in Q4 in NA? Or Q3? Or Q2? Or Q1?
    2. Why does the entire FX loss occur in the other regions in Q4. And Q3. And Q2. And Q1?
    3. If it was a real loss (cash), why isn't $1.4B show on the cash flow analysis?

    Answer #1
    Because the exchange loss wasn't in NA.

    Answer #2
    See answer #1

    Answer #3
    Because it wasn't a cash loss, it was a consolidation loss.

    Now it's over.

  • Reply to

    Let's Recap the315185's Performance Thus Far

    by wngr123 Feb 9, 2016 9:53 AM
    wngr123 wngr123 Feb 9, 2016 9:19 PM Flag

    "(that’s a lot of usd wngr. Maybe even enough to make a stock go down…….)."
    How much shows up on the cash flow analysis?

    "They are terribly sorry to report a net LOSS to Mary of $549.11 and a net percentage loss of %36.55"
    OMG, you are incredibly dense. These are not holdings. These are products that are sold every single day... in USD. On May 8, 2013, they cost $1502. On Feb 9, 2016, they cost $953. Which generates more profit? The higher cost or the lower cost?

    I'll bet the extent of your international experience is working at the Taco Bell next to your house.

    How do you explain the complete absence of FX loss in Q4 in NA? Or Q3? Or Q2? Or Q1?
    Why does the entire FX loss occur in the other regions in Q4. And Q3. And Q2. And Q1?

    Here's a suggestion. Call Mark Fields at Ford and tell him he's making a terrible mistake by investing another $1B in Mexico. He could probably use a good laugh.

    You were right about one thing, facts matter. And all your bluster doesn't change the facts.

  • Reply to

    Why the Change

    by jeyebolt2003 Feb 9, 2016 7:39 PM
    wngr123 wngr123 Feb 9, 2016 8:23 PM Flag

    "Why the Change"

    What's your interpretation?

  • Reply to

    No help from Mexico

    by jeyebolt2003 Feb 9, 2016 2:17 PM
    wngr123 wngr123 Feb 9, 2016 7:10 PM Flag

    "Pray tell? What's Flint's water problem got to do anything with jobs in Mexico? The major's move production of less profitable models to Mexico due to favorable cost of labor. And build the higher profit models domestically. DUH."

    LOL Greatday. Par for the course. We got another guy here that thinks it's cheaper to produce in the US.

  • Reply to

    GM Authority Feb 9 - On line

    by greatday43 Feb 9, 2016 1:46 PM
    wngr123 wngr123 Feb 9, 2016 3:19 PM Flag

    "No one is going broke."

    So far so good. Glad to hear. As long as we're importing any foreign oil, I would hope they take ours first.

GM
27.71+0.81(+3.01%)Feb 12 4:01 PMEST