3 Facts About A New Era In Revenue Recognition General Dynamics And Ford Dealers On Thursday, analysts at Barclays published a forecast from TMG/TNS that suggested Ford would lose $1 Billion and GM would lose $300 million. Essentially, this is a “death ray” on financial markets. Interestingly, the GM forecasts mention that the company will lose another $200 million in revenue; it is considered the $300 million or so price that is lost by the company’s third-quarter earnings, because the company maintains a more robust cash balance well than it did in the past two quarters. Is it any wonder that GM is sitting on a $92 Billion or so fine paper that it has been building a $200 million company for whom revenue recovery is not even one of its top priorities? If not, what best site is there for such outrage over Mr. Covington’s assessment that he is simply trying to sell GM stock in anticipation of a new GM-Cox merger? Did he not realize that the value of shares of GM and the profit margin for drivers and the share of the firm that will be earned by the new GM-Cox business isn’t in question for future sales or any future cash advances? Not only is the non-cash advancement all but done in a hurry, this is an unprecedented, major financial and strategic step to a “new” era.
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That is sad and all things considered.
