« Stock Market Performance Round-up: We All Fall Down | Main | links: beta-alpha flip, abandoned gas stations, macro uber alles, etc. »
Latest Stories
- Excel Wankers and Recession Averages
- Sorry, New York is Closed. Check Back Later.
- Catching Falling 2009 Earnings Estimate Knife
- Survivorship Bias in Global Markets
- Talking Positions on a Lazy-ish Retirement Portfolio
August 1, 2008
GM Turns Cumulative Profit Clock Back to 1980s
Today GM turned in a jaw-dropping $15-billion second quarter loss. Coming on top of a $3.2-billion first quarter loss, and 2007's $38.7-billion loss, investors are naturally wondering one thing: Is GM now, like the airline industry, cumulatively unprofitable across its entire history as a public company?
An excellent question. Well, as surprising as it might seem, GM has only managed to wipe out its profits back to the mid-1980s. Here are GM cumulative "earnings" for the two periods:
- 2007-present: -$57,483b
- 1985-2006: $59,598b
Not bad, however. GM did manage to wipe out 22 years of results in a mere seven months.
Sphere It
| 
Digg it
| 
Bookmark it
| 
Stumble it
| 
Facebook it
