Quote:
Originally Posted by a_Username
Umm... not all of it goes straight to debt payment. They need to have cash on hand to fund operating the company, consequently the reason they mortgaged themselves to the brink was to attain cash on hand to run the company and endure the tanking industry. You seem to be missing this fact; they can't simply use all their cash to immediately pay off all of their debt. They have to ration it and make payments when they believe they can, considering even if they did decide to use all of their cash it still wouldn't be enough to pay off all their debt. Their credit ratings are increasing but are still very risky for any lender to invest in, thus their access to credit lenders is tight. Again, all this is dependent on the economy working in their favor.
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ummmm.......no I haven't missed that fact. Of course they can't immediately pay off their debt. That would be just stupid. It's not like an average person who just decides to pay off their credit cards.
I have 85,000 shares of Ford right now and got in when it was really low. Believe me I know what to look for and research and that is why GM is too risky for me right now.