The employee discounts created a spike and now it's a case of the higher they climb, the harder they fall.
More Quotes from Robert Barry:
These savings are a clear positive, but retiree liability cuts are likely to see some almost immediate offsets, from ongoing health care inflation, possible Delphi liability assumption and falling long-term rates.Robert Barry
Plans to sell a controlling GMAC stake would likely boost credit ratings and cut funding costs, ... divert earnings from GM.
Robert Barry
We doubt a buyer gets in front of risk that a strike cripples GM North America. UAW negotiations tend to go down to the wire -- now March 31 -- so a GMAC sale is harder to envision before sometime in the second quarter.
Robert Barry
We concur with the Joint Election Management Board that the candidates' demand to nullify the election is unjustified,
Robert Barry
We reiterate our concern about the profit drag from selling fewer SUVs.
Robert Barry
We think such a move would not occur if prospects for traction on the turnaround plan were tighter. The management change comes at an inopportune time given the challenges ... and severe stresses on the North American business, some of which will likely require longer term attention.
Robert Barry
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