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GM Slides On Big Miss As Jim Cramer Does It Again
What better way to assure your company has an earnings bomb? Have Jim Cramer tout it before earnings of course. Sure enough from January 28: "GM sales are going to be superb", and "Europe's coming back." Fast forward to today when GM reports Q4 revenues of $40.5 billion which missed expectations of $40.9 billion, and EPS of $0.67 vs the $0.87 expected. Additionally, GM's global market share just dropped to 11.4% - matching the lowest in the past year.
So much for the superb sales. As for Europe? Well, as the chart below shows, Europe just posted its weakest quarter in the past year...
And don't count on much growth either: CapEx was down to $7.5 billion in 2013, from $8.1 billion in 2012, even as the company's total free cash flow declined from $4.3 billion last year to just $3.7 billion.
And all this even despite the second highest channel stuffing in post-bankrutpcy company history:
Sure enough, stock does this:
Finally, heeeeeeere's Cramer.
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Buh Buy Bye... to those taxpayer funds
Cramer...another member of the Dorkus Maximus club.
A couple more calls like this and Cramer can write his own ticket at Fox Business.
Wonder how many sheeple this guy has sodomized over the past 15 years?
Ouch.
Cramer either looks drunk in that clip slurring his words or else he's chewing the hell out of his gums after a few lines of coke..
weird mouth movements
BoA lol, nuff said!
<-- Coke
<-- Alcohol
I'm going to go with coke.
El Gringo..ouch...but any of us have friends that after they depart, we NEED to pick up the hash pipe? After a Cramer viewing, I need to roll a spliff out of newspaper!
Cramer is such a douchebag. I can't understand why he is still given Air-Time
That clown is a member of the Douchebagus Maximus Club as well.
''Cramer is such a douchebag. I can't understand why he is still given Air-Time''
Let me take a shot at that one. Because he's willing to say anything for a paycheck he couldn't get anywhere else, like those clowns Kernan and Kudlow whose ratings have tanked when people stopped listening to them, but they keep their jobs anyway?
Maybe you just don't listen to any of them, so you just don't know how utterly inane they are. But they answered those job ads for lying whores, and someone had to get in.
Douche songs for Cramer King Douche!
http://www.youtube.com/watch?v=5H1emuFJ0sw
For some reason "Oops I did it again" by BS comes to mind.
Cramer has no idea how bad it is out there, NO IDEA, he has no IDEA...
He needs to open the (discount) window... and take a look out... He has No Idea!
Ed: that's quite enough Cramer jokes for now...
I can understand why he's given airtime. He's a corrupt shill who'll say anything his handlers wasnt him to.
What I do not understand is how anybody - anybody - would listen to him. He's been so utterly discredited he's become a parody of himself.
Cramer is not only a dorkus maximus, he is a flat out criminal. Read this expose by a former journalist from the Columbia Journalism Review to find out just how bad he is and how bad his fellows are in the financial journalism industry.
http://www.deepcapture.com/wp-content/uploads/2009/08/deepcapture-the-story-v1.pdf
Boris is have joke...
Q: What kind of idiot is invest in General Motor?
A: American taxpayer
Okay, okay, is more sad story than is joke.
Is more truth than is joke.
We were taken there at gunpoint.... we didn't bail them out , our politicians threw our money at them. Don't forget all those bondholders that got screwed. Looks like the UAW is the only outfit that got the golden parachute in that deal.
I never not laugh at a boris joke, please to keep them coming!
But that joke isn't funny any more .....
Cramer's a clown. I can't remember the last time that asshat got anything right. Dork.
Once upon a time he richest stock broker in Israel, before he come to ameriKKKa and be expert.
Me thinks that he knows something about GOYIM you not know.
Goldman Sachs called Cramer the 'Great White Hope' Back in the day, you saying GS can't pick em?
Interesting.
Sorry asia wife call me for quckie, never say no to woman with 'knife'
So Cramer, he sent to USA by Israel, he slip on yellow fruit, Israel say he damage head, and he to be left in USA.
MSM discovers Cramer and puts him on TV, the rest is history.
You keep Cramer, Israel not want him back.
xx00xx
If you listen to Cramer you deserve to loose your money.
That train left the station long ago....
Here's how to get rich:
1. Listen to Cramer
2. Do opposit
But that new $75,000 Camaro Z28 is gonna be a smash hit.
75K?.... don't you want any options on that car?... like a radio and stuff?
When Thelma and Louise is behind wheel of large automobile, you are not want to hitch ride.
Maybe some backdoor action and then bailing out before they fly off the cliff. Can´t let opportunity pass you by.
And Z06
75K? That's a lot of money for a Chevy!
FORWARD SOVIET!
Cash for clunkers... wanne bet? 3...2...1...
I'll bet you a Grimbergen it won't happen.
TRIPPLE!
O.k., it's a deal!
Weather...Excuse Roulette Wheel land on again?
What is AmeriKan CEO do for blaming of bad corporate performing before weather is invented?
If CEO or Gub could control the weather, they'd screw that up too.
Q: How many CEO is screw incandescent light bulb?
A: CEO is too busy screw shareholder, ripping customer, and negotiate severance packaging for light bulb - is have illegal immigrant custodial staff attend light bulb.
Sorry, Boris is apologies for political lack of correctness... "custodial staff lacking of official documentation"
Regulations...so we got rid of them. (Well it was true that regulations stifled business. I am not suggesting that getting rid of them was bad.)
Now we have to get rid of all the weather. We will remove the atmosphere. That will be bad...very bad for business.
I think that ridding ourselves of Cramer may be a better alternative. But no...The Weather has to go.
Didn't GM have that high-faluting new Lady CEO?
Guess Sox rules are too much for her? No worries, they are just guidelines, anyway
Cramer is one of the cretins at the top of my list that I would like to punch square in the face.
<----- Like this?
Thanks for the morning laugh .. now I need to wipe up the coffee off my monitor.
"I didn't quite catch that, Lou"
Punch him in the face? Kick him squarely in the nut sack while wearing a pair of jack boots is more appropriate.
Bitch slap the shit out of him, kind of like The Chinatown scene with Jack & Faye.
No need for jack boots when pointy toed cowboy boots will do the job just fine. The well-placed stiletto stomp is also extremely effective.
My avatar is very effective.
Actually, this guy needs a rope... on TV. It would be the best show he ever had.
Cramer is the kiss of death.
Doing the opposite of everything he states would have a better ROR than anything else.
Jim Cram-It does it again!
Look at that stupid look on his face! This clown needs to go into comedy.
yet more great data exposing the the rotting REAL state of the dead US economy...
and the Dow Futures levitate accordingly...
fucking farcical Fraud Markets....
keep stacking....
Cramer is a used car salesman.
Please, don't malign used car salesmen...
Big discounts on GM cars in the future I think....
Future clunker you mean.
I have no sympathy for people that watch CNBC (other than to see what shit they are shovelling) and or listen to Cramer based on past record. if you have not learned by now, you are not going too.
My friends who take Cramer's advice try to impart their newfound insight to me with utter seriousness and concern. Then they get a margin call. Then their hot stock's ticker symbol is amended with a "Q".
Jesus Christ, how do you keep from laughing in their faces.
My boss touts Cramer and CNBC ... I'm not stupid enough to tell him I am worth a few times what his ball-and-chained dumb ass is or ever will be.
These are the same people who swear by Fox News, CNN, or MSNBC. For all intents and purposes, these talking heads are their cult leaders.
Cramer is a louder version of Krugman.
KRUGMANNNNNNNN!!!!!
Cramer rawks!!!
/sarc/
he has his fellow squids at Goldman sacks short it.
he should be indited and jailed
he has his fellow squids at Goldman sacks short it.
he should be indited and jailed
I just can't believe that GM didn't warn before earnings. They are blaming the miss on taxes and restructuring charges. If a miss of 20 cents due to restructuring and taxes doesn't warrant a warning, then what does.
GM must just absolutely hate their shareholders.
Very true- but they figure they're teflon at this point, no one is going to question their failure to follow SEC guidelines.....
Oh to the confident and suave television and news commentators, politicians, and the experts that speak with such authority, I include the pundits and so called specialist, to you I say, I'm skeptical and dubious. Even when you mask your bias and your agenda is hidden, I must often remind myself that, you don't know that.
It is often not the message you put out, but how you project it. I can see you now, your head a bobbing and your arms moving all around, you state your case with such brilliance and force that often we are swept away and forget YOU DON'T KNOW THAT! More on this subject in the post below,
http://brucewilds.blogspot.com/2012/03/you-dont-know-that.html
well they finally got Silver down below $20....
AGAIN
But wait, even with all that channel stuffing and such?
Do I want to live in Cramerica? No thanks. He has always been a useless shill.
Even useless shills can be useful...in a contrarian way. Cramer dork says one thing, do the opposite.
Fuck you Cramer and CNBS.
I saw somebody misspell his name as Crammer...and I thought that it fit nicely.
I guess this proves it that Cramer is using his mouth to Fart.
i don't know who i hate more ..... General Motors or Cramer! everyone knows how i feel about G.M. (i'd rather walk on my knees til they bleed rather than purchase & drive a G.M. auto).
+1 Preach it brother!
I think lynny is a chick, but point taken.
Obama and GM (and Cramer) are too fucking stupid to realize that there are millions of potential car buyers that feel the same way toward GM. People will drive by a Chevy dealer to buy a new Toyota or Ford instead -- (does it make sense? I don't know.)
How many hundreds of thousands of sales have they lost for that reason? Having driven an employer-provided GM fleet vehicle, I can say that their cars are competitive with offerings from other manufacturers, so it's not an issue of quality or style.
GM is paying the price for the massive arrogance of the big taxpayer ripoff. The symbol of the arrogance is the inventory stuffed dealer lots.....
......the line workers made their wages for building the unsold cars, and the execs made production-quota bonuses.......
Ah well, all will be forgotten a few years from now....
brother the doctor was dying to get a toy car, wanted the super duper corvette (ugh, I know)... he tried for about 2 weeks to get a test drive, absolutely would not let him do it, said the car was too nice to test drive. He made the point that the porsche dealer down the street would gladly let him take out any number of their very nice cars - they told him to buy one. That's the model, right there - selling cars to people that would give up performance and service to pay a higher price.
It was the weather, don't ya know?
Jim Cramer: Perfect proof that a Meritocracy does not exist in America
Cramer was right "bye GM"
"Bear Stearns if fine!!!!"
TROLOLOLOLOLOLOLOLOL
I'm surprised those who have lost money on this guy's lying and deceitful behavior haven't confronted the guy. He along with the other con artist get away with their cons all the time.
He almost went to jail doing this fourteen years ago. He and Lies man should just buy CNBS and do theirf thing all the time.
He should just stick to bit parts in superhero movies, just about every single person with a camera in front of them all sound like don lapre or Tom vu.
http://youtu.be/hnda41lj6go
I bought a car last month. It wasn't a GM.
Pimp daddy.
But Jim Cramer is never wrong!
BUY BUY BUY!!!!
or is that bah bah bah ?
This Cramer must be a broken androide programmed by a complete idiot. For a human so much stupidity is impossible by science.
still gold:
https://www.youtube.com/watch?v=FP3YyJz3HsU