Re: GM's Butt buddies

GM will be DEAD and BURIED before xmas 2006 - to be ressurected
as a division of Honda in 2007 albeit MUCH smaller and non-union.

Should be fun!

"Wagonwheel" <Wagonwheel_member@newsguy.com> wrote in message
news:e1evgf05e3@drn.newsguy.com...[color=blue]
> GM's top brass confirmed Wagoneers position by assuring stockholders that[/color]
"Rick[color=blue]
> ain't a dick" when it comes to managing GM's losses. The same boneheads[/color]
keep[color=blue]
> giving him a raise. An old man's cluster fuck of old farts and assholes[/color]
who keep[color=blue]
> their jobs by voting themselves a pay raise. I thought Kerkorian was[/color]
smarter[color=blue]
> than these clowns. They just keep pulling the condom over his head. A[/color]
good jap[color=blue]
> or china man running GM would shake the shit out of these old farts!
>
>
> --
> NewsGuy.Com 30Gb $9.95 Carry Forward and On Demand Bandwidth
>[/color]

> On 4/12/2006 12:44 AM ... Saint Electrolux 59 wrote:[color=blue]
> GM will be DEAD and BURIED before xmas 2006 - to be ressurected
> as a division of Honda in 2007 albeit MUCH smaller and non-union.
>
> Should be fun!
>
> "Wagonwheel" <Wagonwheel_member@newsguy.com> wrote in message
> news:e1evgf05e3@drn.newsguy.com...[color=green]
>> GM's top brass confirmed Wagoneers position by assuring stockholders that[/color]
> "Rick[color=green]
>> ain't a dick" when it comes to managing GM's losses. The same boneheads[/color]
> keep[color=green]
>> giving him a raise. An old man's cluster fuck of old farts and assholes[/color]
> who keep[color=green]
>> their jobs by voting themselves a pay raise. I thought Kerkorian was[/color]
> smarter[color=green]
>> than these clowns. They just keep pulling the condom over his head. A[/color]
> good jap[color=green]
>> or china man running GM would shake the shit out of these old farts!
>>
>>
>> --
>> NewsGuy.Com 30Gb $9.95 Carry Forward and On Demand Bandwidth
>>[/color]
>[/color]

Na! With recent sales of assets, they now have enough cash now to get
them through xmas. Problem is that what they've been selling are the
larger money-makers for them, so once the cash runs out and absent any
more fire sales OR some other way to make up the income loss...who knows!

"Saint Electrolux 59" <combiner@3domingorf.com> wrote in message
news:4c3e0$443c85b7$d1cc7ae7$32211@snip.allthenewsgroups.com...[color=blue]
> GM will be DEAD and BURIED before xmas 2006 - to be ressurected
> as a division of Honda in 2007 albeit MUCH smaller and non-union.
>
> Should be fun![/color]

I would think that GM has the resources to buy Honda. Hmm 51% of GMAC,
remaining 49%...
Of course they should buy Honda and let their management run the show. Give
all of the GM managers early outs.

"Charles" <h90943@hotmail.commie> writes:[color=blue][color=green]
> > GM will be DEAD and BURIED before xmas 2006 - to be ressurected
> > as a division of Honda in 2007 albeit MUCH smaller and non-union.[/color]
>
> I would think that GM has the resources to buy Honda. Hmm 51% of GMAC,
> remaining 49%...[/color]

I don't think so: GM market cap is $11B, HMC market cap is $59B. The
market has spoken...

Dale Worley
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In article <1240hi3hitvds1a@corp.supernews.com>, "Charles"
<h90943@hotmail.commie> wrote:
[color=blue]
> "Saint Electrolux 59" <combiner@3domingorf.com> wrote in message
> news:4c3e0$443c85b7$d1cc7ae7$32211@snip.allthenewsgroups.com...[color=green]
> > GM will be DEAD and BURIED before xmas 2006 - to be ressurected
> > as a division of Honda in 2007 albeit MUCH smaller and non-union.
> >
> > Should be fun![/color]
>
> I would think that GM has the resources to buy Honda. Hmm 51% of GMAC,
> remaining 49%...
> Of course they should buy Honda and let their management run the show. Give
> all of the GM managers early outs.[/color]

It would be more likely that Honda would buy GM instead of GM buying Honda.
Please remember the situation involving Chrysler and Mercedes-Benz.

However, I doubt that Honda would want the problems connected to taking
over a company that has the debt burden (eg paying for the retirement and
related health care costs of thousands of GM employees) if GM.
Jason

--
NEWSGROUP SUBSCRIBERS MOTTO
We respect those subscribers that ask for advice or provide advice.
We do NOT respect the subscribers that enjoy criticizing people.

Dale Worley wrote:[color=blue]
> "Charles" <h90943@hotmail.commie> writes:[color=green][color=darkred]
> > > GM will be DEAD and BURIED before xmas 2006 - to be ressurected
> > > as a division of Honda in 2007 albeit MUCH smaller and non-union.[/color]
> >
> > I would think that GM has the resources to buy Honda. Hmm 51% of GMAC,
> > remaining 49%...[/color]
>
> I don't think so: GM market cap is $11B, HMC market cap is $59B. The
> market has spoken...[/color]

While I have no desire to take sides in this discussion, I have to take
exception with your comment Dale. You can't buy diddley with "market
cap". You need cash! ;-)

>> > > GM will be DEAD and BURIED before xmas 2006 - to be ressurected[color=blue][color=green][color=darkred]
>> > > as a division of Honda in 2007 albeit MUCH smaller and non-union.
>> >
>> > I would think that GM has the resources to buy Honda. Hmm 51% of GMAC,
>> > remaining 49%...[/color]
>>
>> I don't think so: GM market cap is $11B, HMC market cap is $59B. The
>> market has spoken...[/color][/color]

I recall something about Harley-Davidson Motorcycle Company even had a
better cap than GM, something like $17-18B.

Harley buys GM? Wouldn't count on it.

B~

> On 4/15/2006 11:42 AM ... Jason wrote:[color=blue]
> In article <1240hi3hitvds1a@corp.supernews.com>, "Charles"
> <h90943@hotmail.commie> wrote:
>[color=green]
>> "Saint Electrolux 59" <combiner@3domingorf.com> wrote in message
>> news:4c3e0$443c85b7$d1cc7ae7$32211@snip.allthenewsgroups.com...[color=darkred]
>>> GM will be DEAD and BURIED before xmas 2006 - to be ressurected
>>> as a division of Honda in 2007 albeit MUCH smaller and non-union.
>>>
>>> Should be fun![/color]
>> I would think that GM has the resources to buy Honda. Hmm 51% of GMAC,
>> remaining 49%...
>> Of course they should buy Honda and let their management run the show. Give
>> all of the GM managers early outs.[/color]
>
> It would be more likely that Honda would buy GM instead of GM buying Honda.
> Please remember the situation involving Chrysler and Mercedes-Benz.
>
> However, I doubt that Honda would want the problems connected to taking
> over a company that has the debt burden (eg paying for the retirement and
> related health care costs of thousands of GM employees) if GM.
> Jason
>[/color]
....unless the government made a deal to accept some of the debt
themselves so that Honda's buyout at least kept some of the debt and
kept people working (and tax-payers). Interesting idea!

On 15 Apr 2006 09:27:53 -0700, "Cool Jet" <pkelly49@hotmail.com>
wrote:
[color=blue]
>Dale Worley wrote:[color=green]
>> "Charles" <h90943@hotmail.commie> writes:[color=darkred]
>> > > GM will be DEAD and BURIED before xmas 2006 - to be ressurected
>> > > as a division of Honda in 2007 albeit MUCH smaller and non-union.
>> >
>> > I would think that GM has the resources to buy Honda. Hmm 51% of GMAC,
>> > remaining 49%...[/color]
>>
>> I don't think so: GM market cap is $11B, HMC market cap is $59B. The
>> market has spoken...[/color]
>
>While I have no desire to take sides in this discussion, I have to take
>exception with your comment Dale. You can't buy diddley with "market
>cap". You need cash! ;-)[/color]


Sure you can. Companies do it all the time by bidding to exchange
shares of the acquiring company for shares in the target company. GM
shareholders would end up with shares in Honda, Honda would own all of
GM's assets (and liabilities) and Honda share value is not diluted
because the increase in shares outstanding is offset by increased
value of the company after the acquisition.

Of course this is all hypothetical when no one would pay $11B for GM
at this point.

In article <ididnRDT75p-JNzZnZ2dnUVZ_uWdnZ2d@comcast.com>, jcr
<nospam@nospam.com> wrote:
[color=blue][color=green]
> > On 4/15/2006 11:42 AM ... Jason wrote:
> > In article <1240hi3hitvds1a@corp.supernews.com>, "Charles"
> > <h90943@hotmail.commie> wrote:
> >[color=darkred]
> >> "Saint Electrolux 59" <combiner@3domingorf.com> wrote in message
> >> news:4c3e0$443c85b7$d1cc7ae7$32211@snip.allthenewsgroups.com...
> >>> GM will be DEAD and BURIED before xmas 2006 - to be ressurected
> >>> as a division of Honda in 2007 albeit MUCH smaller and non-union.
> >>>
> >>> Should be fun!
> >> I would think that GM has the resources to buy Honda. Hmm 51% of GMAC,
> >> remaining 49%...
> >> Of course they should buy Honda and let their management run the show. Give
> >> all of the GM managers early outs.[/color]
> >
> > It would be more likely that Honda would buy GM instead of GM buying Honda.
> > Please remember the situation involving Chrysler and Mercedes-Benz.
> >
> > However, I doubt that Honda would want the problems connected to taking
> > over a company that has the debt burden (eg paying for the retirement and
> > related health care costs of thousands of GM employees) if GM.
> > Jason
> >[/color]
> ...unless the government made a deal to accept some of the debt
> themselves so that Honda's buyout at least kept some of the debt and
> kept people working (and tax-payers). Interesting idea![/color]

Great point. However, I doubt that Honda or any other foreign car company
would want all of the problems connected with owning and running GM. It's
my guess that the owners of Mercedes now reqret taking over Chrysler. I
read one article in a car magazine indicating that the automotive
engineers from Mercedes gave up on trying to fix the design problems
related to some of the engines that were used in Chrysler vehicles. They
solved the problem by placing Mercedes engines in those vehicles.
Jason

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Gordon McGrew wrote:[color=blue]
> On 15 Apr 2006 09:27:53 -0700, "Cool Jet" <pkel...49@hotmail.com>
> wrote:[color=green]
> >While I have no desire to take sides in this discussion, I have to take
> >exception with your comment Dale. You can't buy diddley with "market
> >cap". You need cash! ;-)[/color]
>
>
> Sure you can. Companies do it all the time by bidding to exchange
> shares of the acquiring company for shares in the target company. snip[/color]

I repeat: "You can't buy diddley with "market cap". You need cash! ;-)"
Gordon, if you are the knowledgeable person you purport to be, you
would know that share exchanges require the "crossing" of cheques to
effect the purchase or exchange. i.e. cash! ;-)

In article
<jason-1504060842090001@66-52-22-113.lsan.pw-dia.impulse.net>,
[email]jason@nospam.com[/email] (Jason) wrote:
[color=blue]
> It would be more likely that Honda would buy GM instead of GM buying Honda.
> Please remember the situation involving Chrysler and Mercedes-Benz.
>
> However, I doubt that Honda would want the problems connected to taking
> over a company that has the debt burden (eg paying for the retirement and
> related health care costs of thousands of GM employees) if GM.[/color]

As you point out Honda isn't that stupid.
IMO GM will have to face a major restructuring and the sooner they get
on with it the better for all.
As they are now going they are just stressing the employees more and
more, with the real possibility of losing their jobs hanging over their
heard. Not the best environment to build quality vehicles.

So GM can come up with 59 billion in cash? REally?

Honda could issue new shares for cash.

You don't know what the hell you're talking about!

Share for share purchases done all the time. And no, you don't have to
"cross cheques". YOu just made that gibberish up! Shares are issued,
simple as that. Don't have to have 100 billion in cash to issue 100
billion in shares.

Idiot.