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.
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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...
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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.
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And all this even despite the second highest channel stuffing in post-bankrutpcy company history:
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Sure enough, stock does this:
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Finally, heeeeeeere's Cramer.