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Re: loniee post# 1471

Wednesday, 05/20/2009 4:25:58 PM

Wednesday, May 20, 2009 4:25:58 PM

Post# of 2881


$1,592,000,000.00 in cash reserved for future use at the end of 2008, so at first glance it looks like they should be able to weather any fallout from a GM filing and other auto troubles, only 77.5M shares outstanding, 68.83% institutional ownership, but their balance sheet doesn't look super hot (atleast not the #s from the end of 2008).

BS shows current assets of $3,674,000,000.00 and current liabilities of $4,610,000,000.00 , which isn't exactly what I like to see, and their total assets to liabilities are a little to close for my comfort, especially considering that 3.6 billion of their non-current assets are in property, plant, equipment, and net goodwill.



I know you will get in and out quickly, but if GM announces that they are filing, imo stocks like these are going to get crushed pretty good.




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