Fitch downgrades GM; Review Ford's rating

Hitman1970 · 06-25-2008, 01:45 PM

http://www.foxbusiness.com/story/mar...-ford-ratings/

More cheery news....

2002 Caddy · 06-25-2008, 01:51 PM

When you consider that Toyota's net profits exceed GM's total market cap... It is actually good news that we have a B-... What shape do you need to be in to get a C ?

mjd1001 · 06-26-2008, 09:06 AM

GM cut at Goldman on potential need to raise capital

LONDON (MarketWatch) -- Goldman Sachs cut its rating on three auto stocks Thursday. The broker downgraded General Motors Corp. to sell from neutral and lowered its price target to $11 from $19, saying deteriorating market fundamentals could exacerbate liquidity concerns. "We think GM's automotive cash flow burn this year and next is likely to lead it to look to raise capital, which we believe could lead to significant shareholder dilution and/or a cut to the company's dividend," Goldman said.

article here: http://www.marketwatch.com/news/stor...3D3E331D75D%7D

06-25-2008, 01:45 PM	#1 (permalink)
Hitman1970 6.0 Liter Vortec V8 Join Date: Aug 2006 Location: Huntsville, AL Drives: 2006 Buick LaCrosse CXS; Black with Grey Interior Posts: 1,978	Fitch downgrades GM; Review Ford's rating http://www.foxbusiness.com/story/mar...-ford-ratings/ More cheery news.... __________________ Current Ride: 2006 Buick LaCrosse CXS (Black w/ Grey Leather Interior) Wife's Ride: 2005 Ford Freestyle SEL (Charcoal Grey/Silver w/Grey Leather Interior)

06-25-2008, 01:51 PM	#2 (permalink)
2002 Caddy 6.0 Liter Vortec V8 Join Date: May 2007 Posts: 1,617	Re: Fitch downgrades GM; Review Ford's rating When you consider that Toyota's net profits exceed GM's total market cap... It is actually good news that we have a B-... What shape do you need to be in to get a C ? __________________ How many shares of GM do you own? If you love GM and if you love Rick, BUY SOME! They're going cheap only $20.00, nope 15.50, nope 14.77, nope 13.77... CRAP $11.50 OMG 10.06 Stop the presses! The turnaround has begun... we are back trading in the 12's Never mind back in the 10's, 9's, 8's, 7's, 6's, 5's, 4's, 3's $2's, 1.70 Anyone Surprised?

06-26-2008, 09:06 AM	#3 (permalink)
mjd1001 6.2 Liter Vortec V8 Join Date: Apr 2003 Location: Daytona Beach, FL and Upstate NY Drives: 2008 Saturn Vue Redline Posts: 2,629	GM downgraded to sell GM cut at Goldman on potential need to raise capital LONDON (MarketWatch) -- Goldman Sachs cut its rating on three auto stocks Thursday. The broker downgraded General Motors Corp. to sell from neutral and lowered its price target to $11 from $19, saying deteriorating market fundamentals could exacerbate liquidity concerns. "We think GM's automotive cash flow burn this year and next is likely to lead it to look to raise capital, which we believe could lead to significant shareholder dilution and/or a cut to the company's dividend," Goldman said. article here: http://www.marketwatch.com/news/stor...3D3E331D75D%7D

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