Really though, you have a lot of comparisons out there to Ford or other automakers, how are you going to do that when GM has different accounting rules or when you can't compare the old GM with the new GM?
last but not least. It will be a long time before General Motors Co. can shake the stigma of being called Government Motors. Hereâs another nickname for the bailed-out automaker: Goodwill Motors. Sometimes the wackiest accounting results are the ones driven by the accounting rules themselves. Consider this: How could it be that one of GMâs most valuable assets, listed at $30.2 billion, is the intangible asset known as goodwill, when itâs been only a little more than a year since the company emerged from Chapter 11 bankruptcy protection? http://www.bloomberg.com/news/2010-...rom-thin-air-commentary-by-jonathan-weil.html I am going focus on is that GM's shareholders' equity at December 31, 2009 would have been a negative $6.2 billion if it were not able to book a whole bunch of goodwill. Even though everyone knows that goodwill is merely, as GM itself puts it, "a residual," it can be a pretty important residual. To say that few companies would be able to pull off a successful IPO with a negative number for shareholders' equity on its balance sheet would be an understatement. To say the same after applying fresh-start accounting would be a statement of fact. http://accountingonion.typepad.com/theaccountingonion/2010/09/is-gms-equity-for-real.html
Hey batter batter. Afraid to take a swing? Lots of fear in this one. Sheesh I sound like a pumper. Peace out btiches
Why didn't the IPO trade before the elections? Obama would have certainly taken credit if it did well. Too risky?