• News

    The Theta Theta Theta Sorority

    It says something that we credit Ford with some kind of great accomplishment insofar as they didn’t go begging for government handouts when GM and Chrysler debased themselves during Congressional Pledge Week. (“I want that bathroom floor shining in the light by morning. Here’s a toothbrush. If a sister asks, you must be able to […]

    / Jan 12, 2009 at 10:59 AM
  • News

    There Is Going To Be Trouble

    GM is merging with Chrysler. No, they have no intention of merging. Yes, they are merging. Any day now. No, not merging. Never. Ok, maybe we are talking about it. No, really, we aren’t. At all. GM denies Chrysler merger talks revival report [Reuters]

    / Dec 18, 2008 at 9:30 AM
  • News

    DealBreaker Cuts GM Price Target to -$5.50…

    …that should get it to trade at around $2.15. General Motors Corp. plummeted as much as 31 percent after a Deutsche Bank AG analyst downgraded the shares and cut the price target to zero. GM lost $1.03 to $3.33 at 11:05 a.m. in New York Stock Exchange composite trading, after falling as low as $3.02. […]

    / Nov 10, 2008 at 12:24 PM
  • News

    The Patron Saint Of Lost Causes

    Who can possibly make an argument that the “big three” are anything but the Terri Schiavo of the United States public markets? They have been on life support so long and at such cost as to defy reason, other than the sentimental hand wringing that looks fondly back three decades, or has some religious hangup […]

    / Nov 6, 2008 at 2:26 PM
  • News

    It Smells Like Death In Here

    We have a soft-spot for Kirk Kerkorian. He flies. He owns casinos. He was married once for a month. He names his firms after his kids. He was alive during the Roosevelt administration. (The first one). So we looked the other way when he invested in General Motors. Well, until one of our friends pestered […]

    / Oct 21, 2008 at 11:30 AM

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