What do you do?

I research companies for a living, and if you don't think GM could buy exxon cash on the barrel head, you are deadly mistaken. They tried it once, in 79, and it was declared a monopoly and not allowed.

GM's money is in investments and land. Operating cash has no merit.

Thanks

The world was a bit different in 1979. Do you mean General Electric? What are you valuing Exxon at? Look at their balance sheets. Hell, isn't GM still camoflauging hundreds of billions worth of underfunded pension debt?

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Originally Posted by Master

You are the little sister they always wanted.

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You're 23?

If you are involved in business (and I assume you are) then you know balance sheets aren't worth the paper they are printed on
(see Enron, see AMC, see any power company in the world)

and nope, it was GM, denied April 18th, 1979. Looking at the record right now.

So, what is it that you think General Motors is hiding? Do you think they have 100 times as much cash as they say on their balance sheet? How are you valuing Exxon? What about the fact that Exxon's market cap is 20 times GM's? Net income is 10 times GM's. I would like to know how I am misreading this.

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Originally Posted by Daddy Warbuk$

Andrew, they don't own the drilling rights.

Look at GM for instance.

GM owns stake in Toyota, Exxon, IBM, Lucent, Haliburton, Nissan, Fiat (argh, what a mistake) Singe Steel China, and Reynolds.

They own large area's of land in China, Africa, South America (guess what happens when China Gets expensive?)

They are heavily invested in pork barrel funding operations (immediate kickback)

So even when they lose money, they make it, and hide it well.

So in essence, it would be as if we both sold Transformers shirts, mine was 40 bucks and it sucked, and yours was 20 and it rules (most likely the truth, I don't know much about those guys) but you owed me $5 every time you sold a shirt because I invested in your company, who wins?

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Who the fuck wears transformer shirts anymore? Get with it.

I value exxon on futures, gas is coming back down, competition is getting better and China is going to have an impact. Investors are aware of this.

Simple.

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Originally Posted by Jed

Like Dyne, I'm also pre-press tech/graphic designer. Its a pretty brainless job and not as creative as I'd like, but I get paid well and every once in a while we get to print some really cool shit. We've done stuff for Elliott Smith, Modest Mouse, The Microphones, Unwound and some other bands I can't quite remember at the moment.

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Don't you just trap everything and colour correct everything up for print?

And yes, GM hides a large portion of the large axle profits in "research and development"

Oh yeah, and while we are at it, who funds all of exxon's research?

Oh yeah, GM.

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Originally Posted by Andrew

Don't you just trap everything and colour correct everything up for print?

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Yes, which is why I emphasized the brainlessness of my job. A freakin monkey could do this, but I aint complaining, they pay me to lurk around TNL all day.