His motivation was to unlock that equity in GMAC. Rumor has it that it's not going well.
More Quotes from Kevin Tynan:
It kind of makes you wonder. That's his gig. That's where he came from. You have a hard time believing he's unaware of things like this, or didn't know what was going on. It's certainly disconcerting, at best.Kevin Tynan
Is this another blow to management I would say yes. But you can't say management was on very steady ground in the eyes of investors.
Kevin Tynan
It's a scary time. I sort of cringe when I see that 10-move-in-a-day reaction, especially from the upside. I think this industry, from top to bottom, is in trouble. With the Big Three manufacturers in the state they're in, it certainly bleeds down to suppliers. The entire foundation is so weak now.
Kevin Tynan
I think they kind of hit it at the right time with that sedan.
Kevin Tynan
That could really short circuit the cost benefits GM expects in the second half of the year.
Kevin Tynan
I would have to believe at this point that bidders who are serious players, to the extent they've already done their due diligence, this is not a surprise. What it could do is tip the balance more to the buyer, give them a little more leverage on the price.
Kevin Tynan
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Based on Topics: Motivational QuotesBased on Keywords: gmac
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