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From their most recent confession season GM filed a 10-Q stating that for the most recent 3 months (that's a quarter to you and me) they lost $0.51 per common share or roughly a net loss of $286 Million. For the most recent six months they have lost $2.46 per common share or roughly $1.4 Billion with a capital B. That's not setting the kind of record that makes me want to own them. The previous four quarters have all been losers as have six of the last eight.
And arguably 2004 was a better year for the auto makers in general but how many consecutive quarters can you lose an average of $700 mil and still manage to survive? It won't be long and I only hope it's a merciful ending.
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What are you willing to give up in order to get what you want?
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