"GM Eeeks Out $901 Million Dollar Quarterly Profit."


"Eeeks Out" and $901 Million in a QUARTER?

Huh?

I "eeek out" a few bills occasionally, BUT NEVER 901,000,000 OF THEM.

So... is this slant or stupidity?

 

I wish I could "eek" out one hundredth of that!

 

I think "eeks out" is appropriate. Remember, it's all relative. GM's quarterly sales were just shy of $49 billion (if memory serves), which makes that a 1.8% net profit. If your investments were to return 1.8%, I don't think you'd be too happy.

 

1.8% over a quarter?

I'd be ECSTATIC.

That's 7.2% a year. Try and find a bank that will give you that.

 

No, that's not 1.8% per quarter, it's just 1.8%. If you want to extrapolate the numbers to a full year, you multiply both the numerator and denominator by 4 (i.e. $3.6 B profit and $196 B revenue) and you still get a 1.8% return.

 

How much would it cost to develop a new Camaro? $600 million? You know what I vote to reinvest the money into.

 

K, got it. Thankies.