Comment

Overnight Spillane

398
lawhawk4/26/2010 9:32:50 am PDT

re: #385 Aceofwhat?

So, the company is goosing the company stock to make it appear more attractive even though GM did the repayment through little more than an accounting trick. For a casual observer, they’d simply see Whitacre’s comments and think that GM is on the road to recovery. But anyone looking through the company’s financials, they’d see a whole river of red ink. The company just isn’t blowing through its operating capital in the levels seen pre-bankruptcy.