wwwPosted Nov 6th 2007 5:46PM by Douglas McIntyre
Filed under: General Motors (GM)
General Motors (NYSE:GM) will take a $39 billion write-down in Q3 related to establishing a valuation allowance against its deferred tax assets in the U.S., Canada and Germany.
The company's shares are off 2.5% after hours on the news.
Douglas A. McIntyre is an editor at 247wallst.com.
| # | Blogger | Posts | Cmts |
|---|---|---|---|
| 1 | Joseph Lazzaro | 107 | 0 |
| 2 | Tom Johansmeyer | 97 | 3 |
| 3 | Connie Madon | 50 | 0 |
| 4 | Steven Mallas | 42 | 0 |
| 5 | Mark Fightmaster | 41 | 0 |
| 6 | Tom Taulli | 40 | 0 |
| 7 | Steven Halpern | 31 | 0 |
| 8 | Trey Thoelcke | 29 | 0 |
| 9 | Melly Alazraki | 25 | 0 |
| 10 | Zac Bissonnette | 23 | 0 |
| 11 | Paul Foster | 23 | 0 |
| 12 | Brian White | 22 | 0 |
| 13 | Brent Archer | 21 | 0 |
| 14 | Jon Ogg | 21 | 0 |
| 15 | Jim Cramer | 21 | 0 |
| 16 | Elizabeth Harrow | 18 | 0 |
| 17 | Eric Buscemi | 17 | 0 |
| 18 | Sheldon Liber | 13 | 0 |
| 19 | Michael Fowlkes | 8 | 0 |
| 20 | Beth Gaston Moon | 8 | 0 |
Find out why more people track their portfolios on AOL Money & Finance then anywhere else.
Other Weblogs Inc. Network blogs you might be interested in:
Will Rich Ross really have a positive impact on Disney's movie operations?
Consumers sick of recession, may spend extra on holidays
Corrections, seasonality and Santa Claus
Reader Comments (Page 1 of 1)
11-07-2007 @ 9:11AM
ABealle said...
Can someone explain in laymans terms what is going on here. What kind of shell game is this. What do they mean non cash charge....what asset gets reduced? Was all this reported as profits in prior years. I am lost. ABealle