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General Motors Company Message Board

wngr123 360 posts  |  Last Activity: Apr 30, 2016 4:38 PM Member since: Oct 24, 2008
  • Reply to

    FERRARI, YOU HAD BEST LOOK OUT FOR TESLA

    by adrian_whapcaplet Apr 27, 2016 1:00 PM
    wngr123 wngr123 Apr 30, 2016 4:38 PM Flag

    "The one feature I liked about my Chevy Astro van that no other car I've ever owned has ever had: When you pulled into the driveway and stopped the engine, the radio would continue playing UNTIL YOU OPENED THE DRIVER DOOR."

    Most, if not all, GM cars and trucks do that now.

  • Reply to

    WHY is GM going down ?????

    by harshavegi Apr 22, 2016 3:19 PM
    wngr123 wngr123 Apr 24, 2016 11:10 AM Flag

    "Do you suppose this cat doesn't understand timezones, either?"

    Good chance. I think Jeye's life is full of confusion and bigotry.

  • Reply to

    WHY is GM going down ?????

    by harshavegi Apr 22, 2016 3:19 PM
    wngr123 wngr123 Apr 23, 2016 7:25 PM Flag

    Why in the world won't you answer a simple, uncomplicated question? I don't know if you're the most pigheaded, obstinate person on this board, but you're certainly in the top five.

  • Reply to

    WHY is GM going down ?????

    by harshavegi Apr 22, 2016 3:19 PM
    wngr123 wngr123 Apr 23, 2016 6:09 PM Flag

    "So how would answer it? But maybe you don't believe in using Common Sense."

    Geez Jeye. I even repeated Adrian's question for you and you still didn't get it.

    Here's his question...again:

    "Jeye what is the part about 'and no one went to the funeral' supposed to mean?"

    He knows, better than you, what common sense is. He wants to know the meaning of 'and no one went to the funeral'. You must drive your poor wife crazy with all your double talk.

  • Reply to

    WHY is GM going down ?????

    by harshavegi Apr 22, 2016 3:19 PM
    wngr123 wngr123 Apr 23, 2016 3:26 PM Flag

    "Jeye what is the part about 'and no one went to the funeral' supposed to mean?"

    "Common Sense neams don't do stupid things. Light paying more for home then what your pay check can handle. I wouldn't go in debt more then what one weeks pay could pay a month. To me Common Sense is
    like a friend, but I'm not sure when it died so I didn't make it to the Funeral. Like America exporting jobs the tax base and importing people with many getting paid in cash.Then we barrow our money back from China, Korea and Japan with the imbalance of trade with them. The fact that our tax collection are paying to be the World policemen. What do we collect in return? Nothing. We have American troops all over the World with only one Nation taxpayers paying for that service. That isn't Common Sense"

    I hope that clears it up for you Adrian. Par for the course, Jeye didn't answer the question.

  • Reply to

    Todays GM P/R after yesterdays good earnings

    by jeyebolt2003 Apr 22, 2016 1:33 PM
    wngr123 wngr123 Apr 22, 2016 7:52 PM Flag

    "According to you, I ALWAYS blame the UAW for GM's problems."

    "No, No you only blame labor why GM moved plants to Mexico. Nothing elsed mattered with a sweet heart trade deals like NAFTA."

    "The last couple GM lawyers have been paid a lot. Was this because of a management decision or because of labor?" Mar 31, 2016 9:41 AM

    "I know your only answer its all the Union fault." Mar 25, 2016 1:40 PM

    ""Witness the Reatta, the Riviera, the Cimarron, the Allante, the EV1, the Hy-Wire, the Fiero, the Aztek, the XLR, the Citation, etc"
    wngr would say its all the UAW fault" Mar 16, 2016 5:19 PM

    "wngr was at the top and won't admitt any management mistakes." Mar 12, 2016 9:40 AM

    "I know wngr its all the UAW fault Flint went down GM management had NOTHING to due with it." Mar 11, 2016 1:29 PM

    So either you have a memory issue, or you're just lying. I'm feeling generous today so I'll go with the former.

  • Reply to

    SOME THOUGHTS ON THE 10Q

    by adrian_whapcaplet Apr 22, 2016 11:14 AM
    wngr123 wngr123 Apr 22, 2016 6:38 PM Flag

    "Maybe Wngr could convince you."

    I'm certainly no expert in this part of the business. All I know is what the data tells me and the way it is trending. Here's some of that data:

    Metric / 12Q4 / 16Q1

    Consumer Finance Receivables / $11.0B / $30.3B
    Consumer Finance Delinquencies ( 30 days) / 8.2% / 4.5%
    Annualized Net Credit Losses / 3.3% / 1.9%
    Earnings Before Tax - Adjusted / $146M / $225M

    A little history....GM acquired AmeriCredit in 2010. Everyone knows that AmeriCredit was a sub prime lender. In 2011, GMF acquired FinanciaLinx and in 2012 they bought Ally Financial International.

    I would have to say it was a good business decision. Revenues have tripled, earnings have increased 76%, added $837M in EBIT to GM, plus delinquencies and credit losses have been substantially reduced by moving into the higher rated loans. Plus you have the intangible benefit for customers of offering an in-house credit facility which I'm sure brings in SOME customers to dealers.

    I couldn't find any ready data comparing auto finance companies for comparisons of sub prime loans.

  • Reply to

    Todays GM P/R after yesterdays good earnings

    by jeyebolt2003 Apr 22, 2016 1:33 PM
    wngr123 wngr123 Apr 22, 2016 5:54 PM Flag

    "I am seriously interested in your motivation for posting stuff even though you claim to know it isn't true. Please answer the question:"
    I post them because millions of Americans will see these headlines and form a opinion on the pay. I say it hurts GM image and stock price."

    So let me understand. You re-post this inaccurate information because it hurts GM image and stock price.

    Does that make sense to anybody??

  • Reply to

    Todays GM P/R after yesterdays good earnings

    by jeyebolt2003 Apr 22, 2016 1:33 PM
    wngr123 wngr123 Apr 22, 2016 5:22 PM Flag

    "Still think Mary needs with the TV media more and some insider buying would help."

    This is what differentiates you (and other small investors) vs the people with real money. They couldn't care less what some talking head on CNBC or any other network says. Hedge funds and investment funds have huge research departments that analyze every corner of these companies.

    Well, the other thing that differentiates you and them is they form their own opinions based on knowledge instead of cut and pastes.

  • Reply to

    Todays GM P/R after yesterdays good earnings

    by jeyebolt2003 Apr 22, 2016 1:33 PM
    wngr123 wngr123 Apr 22, 2016 5:15 PM Flag

    "You just pointed out GM biggest problem. You said about the same about Roger Smith."

    You must be mistaken. According to you, I ALWAYS blame the UAW for GM's problems.

  • Reply to

    Todays GM P/R after yesterdays good earnings

    by jeyebolt2003 Apr 22, 2016 1:33 PM
    wngr123 wngr123 Apr 22, 2016 4:53 PM Flag

    "Girsky retiring from the Board a Wall Street guy
    ANS: I believe he's well thought of, but doubt that's it. Most people at GM are just cogs in the big wheel"

    Just some feedback from my personal experience. Of course I didn't work with him on a daily basis, but did sit in meetings a couple of times. I thought the guy was an idiot. He was always shooting his mouth off about how everyone in Europe was stupid because they were losing money. I loved it when the CEO (i think it was Akerson) put him in charge of Europe. He made zero difference.

    I was also involved with him in a project we were pitching when I was a consultant. He sat in the meeting and was totally oblivious to what was being said...he was on his Blackberry the whole time and it was a deal that would have put about $7 billion in cash on GM's balance sheet. Maybe GM didn't like the deal, but I'm convinced he didn't even take the time to understand it.

    Just my opinion, but I don't think GM will miss him at all.

  • Reply to

    Todays GM P/R after yesterdays good earnings

    by jeyebolt2003 Apr 22, 2016 1:33 PM
    wngr123 wngr123 Apr 22, 2016 4:35 PM Flag

    Jeye:

    I am seriously interested in your motivation for posting stuff even though you claim to know it isn't true. Please answer the question:

    "If you know it isn't true, why in the world would you post it?""

  • Reply to

    Todays GM P/R after yesterdays good earnings

    by jeyebolt2003 Apr 22, 2016 1:33 PM
    wngr123 wngr123 Apr 22, 2016 4:01 PM Flag

    That's a great answer Adrian.

  • Reply to

    Todays GM P/R after yesterdays good earnings

    by jeyebolt2003 Apr 22, 2016 1:33 PM
    wngr123 wngr123 Apr 22, 2016 3:45 PM Flag

    "Who you need to educate is the millions of viewers of Bloomberg and CNBC has been telling it to since the story broke."

    It would be a lot easier if you just stop posting this stupid #$%$ all the time. If you know it isn't true, why in the world would you post it?

  • wngr123 wngr123 Apr 22, 2016 3:41 PM Flag

    Opps...typo.

    Should read "In GM's case, net book value currently (March 31, 2016) is $41.3 billion. In other words, assets are greater than liabilities by $41.3 billion."

  • wngr123 wngr123 Apr 22, 2016 3:35 PM Flag

    "Just can't trust the folk at Yahoo Finance I guess."
    That's the first thing you've gotten right so far 'expose_the_bashers99'.

    "$ 75B in current liabilities - they're the one you were referring to
    AND
    $87B in Long term liabilities (i.e. debt)"
    You must be new to this board, because this has been discussed many times before, however, I'll do it one more time.

    First of all, if you believe that liabilities are the same thing as debt, petition what ever school that taught you that for your tuition to be returned. Many other things are included in liabilities, current or otherwise, than debt. Learn the difference.

    Second, you will notice that ST and LT debt are divided between Automotive and GM Financial (GMF). GMF is the financing arm of GM and it operates the same way that a lending bank does...i.e., it borrows money then lends it at a spread in interest rates. That's how they make money, among other ways. So a bank has large debt, but also has large assets (both real assets and accounts receivables), that's why they call it a balance sheet.

    Automotive debt represents the debt that the company has incurred to run the automotive business as opposed to the debt that the company has incurred to run the finance business. That number for GM (as of March 31) is $10.8 billion which is comprised of $832 million ST and $9.946 LT debt.

    Remember this as a universal truth....Assets = Liabilities + Equity (or otherwise known as net book value). In GM's case, net book value currently (March 31, 2016) is $43.3 billion. In other words, assets are greater than liabilities by $41.3 billion. You don't need to be concerned about this company going bankrupt anytime soon.

  • Reply to

    Todays GM P/R after yesterdays good earnings

    by jeyebolt2003 Apr 22, 2016 1:33 PM
    wngr123 wngr123 Apr 22, 2016 2:46 PM Flag

    "GM CEO Barra's compensation $28 million for 2015, up 72 percent"

    LMAO. I'm not going to try and educate you again Jeye. I have come to the conclusion it just isn't possible. Here is my last post on this subject:

    "In 2015, Ms. Barra’s realized compensation was $7.3 million. For year-end 2013, Ms. Barra was Executive Vice President, Global Product Development, Purchasing and Supply Chain. On January 15, 2014, the Board of Directors elected Ms. Barra to the position of CEO. On January 4, 2016, Ms. Barra was elected to the additional role of Chairman of the Board of Directors."
    -GM Proxy Filing DEF 14A dated 4/22/16, page 42.

    Look it up.

  • Reply to

    Focus Jeye, Part 2

    by wngr123 Mar 30, 2016 10:58 AM
    wngr123 wngr123 Apr 21, 2016 9:24 AM Flag

    "No, I have not yet engaged with full TPP. Just the same, I will add a couple more thoughts."

    "Was no opinion friend. "

    Hmmmm, you haven't engaged TPP yet, but you would have us believe you know all about it. You're a complex person.

  • Reply to

    Focus Jeye, Part 2

    by wngr123 Mar 30, 2016 10:58 AM
    wngr123 wngr123 Apr 21, 2016 6:55 AM Flag

    "No, I have not yet engaged with full TPP. Just the same, I will add a couple more thoughts."

    You will let us know when you have 'engaged' with TPP won't you? We can't wait to hear your thoughts that are actually based on 'engagement' rather than uniformed opinion.

  • wngr123 wngr123 Apr 21, 2016 6:49 AM Flag

    " A woman knows the same about running an auto company as much as most people know about a snake's genitalia"

    What is it she is doing that you would do differently.

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