GM - going down the tubes???
If you haven't heard by now 'General Motors' the Big Car
Manufacturer is in Big trouble.
They have lost about 25% of their business and the stock price has fallen below $10, not since 1954. Why???
I believe that their troubles began way back in 1983/85. This was the year when they began Not listening to their customers, buying businesses they knew nonething about, and
wouldn't let their managers think.
I just checked their financials and the last 3 quarters(nine
months) have all been loses in the gross profit level. Their payables and long term debt is Healthy, and their receivables for the current quarter have been cut in half.
If their stock price continues to fall and if it falls below
$5.00 a share they can be delisted from the New York Stock
Exchange - remember GM is a Blue Chip. If they get delisted
then GM would fall down to the Over The Counter exchange.
Would this mean death for GM - I don't know, but also on the
nitely news tonite - it said that they are in a scramble to
start making more fuel efficient cars that may take at least
6 months to produce.
Will GM survive, If If they start doing what they must do in
a quick period of time - I think they can.
This is why it's sooo important to listen to your customers
And let your people think!!! Remember - your employees down
on the floor know what's going on.
Manufacturer is in Big trouble.
They have lost about 25% of their business and the stock price has fallen below $10, not since 1954. Why???
I believe that their troubles began way back in 1983/85. This was the year when they began Not listening to their customers, buying businesses they knew nonething about, and
wouldn't let their managers think.
I just checked their financials and the last 3 quarters(nine
months) have all been loses in the gross profit level. Their payables and long term debt is Healthy, and their receivables for the current quarter have been cut in half.
If their stock price continues to fall and if it falls below
$5.00 a share they can be delisted from the New York Stock
Exchange - remember GM is a Blue Chip. If they get delisted
then GM would fall down to the Over The Counter exchange.
Would this mean death for GM - I don't know, but also on the
nitely news tonite - it said that they are in a scramble to
start making more fuel efficient cars that may take at least
6 months to produce.
Will GM survive, If If they start doing what they must do in
a quick period of time - I think they can.
This is why it's sooo important to listen to your customers
And let your people think!!! Remember - your employees down
on the floor know what's going on.
