GM's Cheerleaders Put Down Their Pom-Poms
July 3rd, 2008 9:42 AM Share
"We continue to question whether GM will be able to sustain eight different brands and over 13,000 franchises with less than 20 percent market share." TTAC? Nope. Deutsche Bank analyst Rod Lache, as quoted by the Detroit News. GM's stock fell below $10 a share yesterday, and the prognosis isn't good for the company whose stock has fallen by more than 70 percent in the past year. Even Merrill Lynch analyst John Murphy, described by his peers as "last guy defending the [GM] bunker," said he expected GM's stock to fall to $7 and forecast "significant losses" for GM this year and next. When even the cheerleaders start predicting a losing season, the team doesn't stand much of a chance. It looks like GM could use a new coaching staff, and fast.
Published July 3rd, 2008 9:42 AM
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Pom poms! The other just doesn't make sense. I suspect you're thinking of something else...
I always thought it was Porn poms. ;-) pom-pom is the one. pom-pom 1 |ˈpäm ˌpäm| (also pompom or pompon) noun a small woolen ball attached to a garment, esp. a hat, for decoration. • a cluster of brightly colored strands of yarn or plastic, waved in pairs by cheerleaders. • a dahlia, chrysanthemum, or aster with small tightly clustered petals [as adj. ] : miniature, pompom, and border dahlias. ORIGIN mid 18th cent.: French pompon, of unknown origin.
Hot photo, I'm sorry, what was the article about?
They aren't all out of cheerleaeders: http://www.msnbc.msn.com/id/25481305/ GM is suffering from an industrywide crisis driven mostly by factors beyond the company's control, including high gas prices, the housing slump and the credit crunch, Toprak said.