Reply With QuoteHow did they do it?
It's easy to show a one-time profit by selling assets. A lot harder would be producing goods & services that people want to, you know... buy.
Chip H.
Ford reported a profit of some $750 million dollars in the last quarter. Surprised even them, I think.
It also looks like Cerberus is having trouble raising the funds for their Chrysler buyout.
How did they do it?
It's easy to show a one-time profit by selling assets. A lot harder would be producing goods & services that people want to, you know... buy.
Chip H.
Former owner: 2012 Honda Civic LX, 2006 Honda Ridgeline RTL, 2000 Honda CR-V EX, 2003 MINI Cooper S, 1992 Honda Accord LX, 1999 Mercedes ML-320, 1995 VW Jetta GLX, 1991 Mercury Capri XR2, 1981 Mercury Zephyr, 1975 Chevrolet Impala
I think they did it by closing plants and laying off people.
To quote Dilbert's pointy-haired boss:
"I cut 10% of our work force, and our stock went up 10%. I figure if I fire everyone, the company will be worth twice what it is now!"
Hey, you sound like you went to Harvard!Originally Posted by mrblanche
Someone from Yale would just dance around a coffin, chant, praise free trade and then become president of the United States. Someone else would drop out of Yale, run Halliburton and become VP.Hey, you sound like you went to Harvard!
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