Critics Wrong-GM Worth $50 Billion & Profitable With Bailout

[michaelhoppe13]

If I am wrong then explain what this speadsheet really means: This is the PDF from the treasury detailing the exact numbers for the entire program not just GM's lack of repayment to the tune of 45.76 Billion (auto 56.88 minus Chrysler 11.12 include GMAC financing arm of GM).

[jdick0009]

The United States government has no business aiding a business to be profitable or not. Any failing business can be "made profitable" via the use of basically free money, which GM got. GM had, and has, a failed business model, and the only way it is profitable is because its debt is now backstopped by T-bills. Them going out of business would have created a vacuum for better companies to fill, like Ford. As for the info in this video: Since then, GM is down 12% while the S&P is up over 8%.

[sophiemarie49]

Thank goodness that the Obama administration saved our auto industry. All those jobs, the direct and indirect that were saved are a real positive for our economy.

It is a shame that our corporate system doesn't give any consequence to those ceo's that brought GM to the sad state they were in 2009.

gamescott, you are confusing the worth of the company and the worth of the stock. Two very different things.

[gamescott]

Wait... on the graph, it looks like GM is worth about $1 billion in 2009. Then, Obama makes a "$49 billion investment." Then, the market value is about $50 billion in 2010.

How is this surprising?

[tysonsahib]

Market cap is $51.4 billion, not $20.9 billion. Morons. moneycentral.msn.com/companyre­port?symbol=GM

[tysonsahib]

It's not that these people think the American public are morons, it's that YOU are morons. I hope you guys get locked up in a school and don't get let out until you learn something. The IPO did not sell the entire company, that's why the market value is not $20.9 B. You think you're pro-free market but don't even understand how the market works. The US owned something like 60% of GM and sold something like half the government's share. Don't know the exact numbers, but not the whole company.

[redbeakman]

This is a lie. The treasury bought up the offering and lost BILLIONS on the IPO to inflate the value to make it appear like a success. We are being manipulated like never before. We are being told that 2+2=5. These people think the American public are morons that will swallow whatever they are fed. I hope that we prove them wrong and put them in prison. GM is part of the problem and will be until it is alowed to fail and succeed on its own merits.

[sheriff326]

$50 Billion Dollars......Are you serious???

$20.9billion market value as of 11/19/10

$41billion still owed to the tax payers.

Equals -$20billion is debt. That means the company is really worthless. In fact it means that the company is worth negative $20billion.

Somehow this guy wants you to believe that it magically made $50billion in 1 day. What a joke. Seriously are Americans really that gullible?

[sheriff326]

@Juggernautishere

Yeah they captured the worlds imagination so well that everyone stopped buying their products. And then they went bankrupt. Wow what a great success story.

Dude are you retarded. They ran their business in the ground while the Asian car companies did everything right. There are plenty of companies in the US that could use some to stay in business. But we decided to give the money to a union ran company that pay some high school drop out $80k to install a knob on a dashboard.

[ClickyStudios]

This guy looks like the biggest douche bag I've ever seen on Youtube. GM is a terrible company that should of tanked and not been saved. Fuck the jobs let the smaller car companies have a chance at the American Dream fucking assholes. Let GM die and let it be a lesson to all other companies not to fuck your finances up.

[sheriff326]

This is a complete lie. GM was valued at $20.9billion as of 11/19/2010.

Where does he get off telling people that they are worth $50billion.

Once again the government just makes up stuff. Don't forget that they are still $41billion in the hole.

If you don't believe me, just check their market cap as of 11/19/2010. Or you can just keep believing what this guy is telling you.

I'll start celebrating when they pay back the other $41billion they owe the American taxpayers.

[tysonsahib]

@sheriff326 Yeah, I don't believe, because you're totally wrong. YOU just make stuff up. Market cap is $51.4 billion: moneycentral.msn.com/companyre­port?symbol=GM The US already got back $20 billion or whatever from the IPO, so they don't still owe $41 billion. Your numbers are whacked.

[sheriff326]

@tysonsahib

You are trying to count the shares that US Government, Canadian Government and Auto workers union are holding and never sold.

Market Cap is the number of shares outstanding multiplied by current share price.

Let's try this:

610,560,000 shares on the market IPO 11/18/2010

$34.26 current share price 11/19/2010

$20,920,000,000 Market Capitalization 11/20/2010

I'm starting to think that you work for Nancy Pelosi or Harry Reid or something.

[sheriff326]

@tysonsahib

And by the way Tysonsahib I have a degree in economics I majored in macroeconomics and minored in computer programming. So maybe it is you that needs to go back to school.

Just go and buy all the shares that you can get your hands on. You sound pretty confident about this. So put your money where your mouth is. That way you can buy the same shares that the gov bought with your tax dollars and then sold them back to you. Wow...and you called me a moron:) See you later Mr Pelosi.

[beancube2010]

When GM hijacks our technology, you won't see those over 100 year old electricity and digital technologies turn affordable technologies. Why? Disabling people is their profit: A simple business philosophy of the Jews.

[sov19871987]

GM will kill Toyota. Buy GM, Buy American.

[SaMoaSix8Five]

Well Done to this President.. Good to see GM back where it needed to be and then some.. Well Done!!!