GM (NYSE: GM) posted fourth-quarter revenue of $40.5 billion in 2013, compared to $39.3 billion in 2012.Â Yet, the companyâ??s Q4 profit of $1.04 billion (67 cents per share) was down from the previous yearâ??s $1.19 billion, mainly due to steep reorganization costs and higher tax rates. Whatâ??s particularly interesting here is that GM posted record sales from its North American division and was profitable in China. Yet investors seemed to give more importance to the re-organization fees, new tax assessments and one-time charges-offs, which resulted in the companyâ??s share price dropping 3.2 percent, to finish at $34.12 yesterday. While investors had hoped that the re-org costs would be compensated for by yearâ??s end, the reality is that the company missed estimates by a large amount, and the re-org charges will linger into 2014.Â So the question to investors is this: will you hang onto the stock long enough to clear the re-organization effects?
- The Case for an American Alberta.
- The Record-Time FDA Approval that Almost Didnâ€™t Happen.
- To Tell the Truth: Five MSM Outlets Act in Unison to Suppress Information and Assist Biden Campaign
- Free Speech Activist Phillip Anderson Once Again Denied Free Speech
- In Final Presidential Debate, Trump Showed Why Itâ€™s Time for Joe to Go Back to His Basementâ€”for Keeps.