On Wed, 08 Aug 2007 19:51:44 -0000, John
wrote:

On Wed, 08 Aug 2007 07:37:15 -0400, B A R R Y wrote:

Rod & Betty Jo wrote:


You still have not presented anything other than his well known low stock
price appreciation.....Doubling sales and a more than doubling of profits
and a healthy profit retail profit percentage is not by any rational
definition a poorly run company......

Vs. Lowes...

Apples to apples:

http://www.thestreet.com/_mktwrm/s/reminder-nardelli-blew-it-at-home-depot/newsanalysis/maven/10372528.html?cm_ven=CBSM&cm_cat=FREE&cm_ite=NA

One interesting point that appears in the article, but isn't commented on,
is the name of the new owners of Chrysler - "Cerberus Capital Management".
Cerberus is the three-headed dog that guards the gate to Hell in Greek
myth. Could this be a clue as to where Chrysler is bound?

J
=========================
Cerberus is out to make money for its investors, lots of money
and in a short time.

This does not mean that Cerberus is immoral or criminal, just
that its interests and those of Chrysler's employees and other
stake holders such as the supplier, host communities, and the
general public are diverging at a rapid and accelerating rate.

Now that Chrysler has been take private, and the need to maintain
and as possible increase the fictitious stock price and deal with
naive investors has been removed, it is likely that Nardeli will
be exactly what is required to maximize the discounted cash flow
and IRR for Cerberus. The continued existence of Chrysler as a
corporation may or may not maximize these returns.

From the point of view of persons not employed by Chrysler nor
its suppliers, the danger is the cascade of credit problems based
on derivatives such as "credit swaps," (even if you have never
owned a single share of chrysler stock or a single bond) and the
transfer of a significant portion of Chrysler's retirement
obligations for both income and medical care first to the
remaining solvent companies and then to the general tax payers
through the PBGC and Medicare. The retirees will simply lose the
rest.

IMNSHO Chrysler is now doomed to "crash and burn." The only
question is how much collateral damage will be inflicted by this
train wreck.