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A Lion’s eye on the Bulls and Bears

“In India, companies may fall sick, but promoters rarely do!”

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November 12, 2008

US Auto Giant, General Motors, begins screaming Mayday ! Mayday ! Mayday!

We’ve survived,been saddened,seen,heard and talked about Tragic Automobile Accidents…but when the Automaker itself, and that too one of the world’s largest, is heading for the worst Accident in it’s history,what will happen !?

Yes,the US Giant ,General Motors is on it’s knees already…..on the brink of bankruptcy !…and in a Catch 22 Situation as Bankruptcy is not an Option,as it will creates more complications than it solves !.It has started screaming out Mayday SOS calls exposing that it is in grave and imminent danger and requires immediate assistance

There is intense global rivalry between Automkers in Japan,US and Germany…so it was rather amusing to observe that Deutsche Bank Securities,the broking arm of the German Bank has issued a strong “Sell” report for General Motors with a price target of Zero Dollar !…yes you read it right ! …’Zero Dollar’

GM’s Share Price dived 13% to close at US $ 2.92 yesterday dropping it’s Market Cap to just US $ 1.69 Billion…A Month ago GM quoted at US $ 7…a Year ago it was strong at US $ 42  

GM CEO,Rick Wagoner has hitched his Wagon to pleading for a Federal Bailout….Waiting for Obama to be sworn in as President in January 2009 may be too late a wait !

GM needs US $ 11 Billion for it’s monthly expenses.It had US $ 16.2 billion as on hand at September 30,2008,down from US $ 21 Billion as of June 30,2008.It has suffered accumulated loss of US $ 74 billion since 2004 and has been cutting jobs and shutting plants to control costs…Car Sales dropped 21% last quarter and 45% in October

The Three US Auto Giants,GM,Ford and Chrysler are already demanding a further US $ 50 Billion Bail-out Package on top of the US $ 25 Billion approved in September to re-tool plants to make more fuel efficient cars…this is to weather the worst auto storm in 17 years

The US Government too is in a Catch 22 situation and is in a moral and financial bind here…Doomed if you did and doomed if you don’t……it had bailed out, in September, mortgage financier, Fannie Mae which has just announced a crippling loss of US $ 29 billion for the last quarter…It has provided a bail-out package of US $ 150 Billion so far to AIG…It has announced a US $ 700 Billion Bail -out Package for the Finance Industry on the Whole….Where is Obama and USA going to get the Monies for such huge Bail-outs ! ? read more

Was Pointing Playing for India !?…we should consider him for India’s highest Sporting Award !

Australia had held the Border-Gavaskar Test Trophy for Test Series played between India and Australia

India won back this Trophy by beating them 2-0 in the Series that just concluded

Just a strong reflection on the strange playing tactics and strategies of the Australian Captain,Pointing that has provoked me to even classify this blog under the category of ‘Insider Trading ‘!….Of course this should not take away any of the Indian team’s Glory in beating the Champions

Was Pointing,the Australian Captain playing for India ?….the way he threw his wicket in the earlier tests demands some investigation screamed my Son

More Demanding an investigation was this situation where Australia were in a position to square the series and retain the Trophy…They had India reeling at 166 for 6 in their second innings at Tea on the fourth day of the fourth and last test match in Nagpur,ahead by just 250 runs…What did Pointing do after Tea ?…Instead of going for the kill he rested his fast bowlers,who were relegated to the role of retrieving the ball back from the Boundary rather than hurling it at the batsmen…..He introduced part time spinners to allow Dhoni and Harbhajan to settle down into a long partnership…all under the excuse that he had to make up the slow over rate !…You can’t do this at the cost of losing both the Match and the Series and the Trophy !

Was it a conscience trade off for his unsporting behaviour that won Australia the Sydney Test in the last series between the two countries?….Did Pointing adopt this strange tactic deliberately as many are accusing him of doing to secure his future !?…Methinks his mind was plagued with a lot of Indigestion and he was just not thinking and playing Cricket…unpardonable and unacceptable from a seasoned Captain like him

Australian Legends,Ian Chappell and Alan Border,both past Test Captains were simply furious and let loose harsh and strong words on Pointing…The CEO of the Australian Board is going to seek an explanation from Pointing

It’s Funny that the Australian Coach,Tim Neilsen defends Pointing by questioning his Critics if it was right to break the rules to win !…he meant making up for the slow overrate……Funny and pretty Rich coming from an Australian !….because Pointing and the Australian team,with not so little help from both Umpires,both B’s…no !no ! I’m not cursing them…their names were Benson and Bucknor !, did not pause to think twice while breaking all rules to win the Sydney Test,and which prompted even their Prime Minister to chide them to play the game in it’s true spirit read more

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