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Ronald Tadross, an analyst at Bank of America, said G.M. was "walking this tightrope between how much cash flow they're generating and their pension needs".
But he said he realized later that he was overly optimistic about how much cash flow they would generate, and began selling.
"We'd love to hold stocks forever, but we usually hold them four to five years," says Hoelting, 37. "How much cash flow is there?
Alas, no companies have financial pictures as clear as those of Company A and Company B. In the real world, you can readily ascertain how much cash flow a company generates (in the sense of earnings plus depreciation), and you can get its capital expenditure figure, and you can compare the two.
Shared expenses for utilities, food, car, and rent will make an enormous difference in how much cash flow you have and dramatically shift the paradigm.
You would be amazed if you look at how much cash flow influences all types of consumer debt costs per month.
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It depends on how much cash will flow.
Now, attracted by the developing world's better growth prospects and exceptionally low interest rates in rich countries, money is surging back.It is hard to know just how much cash is flowing in: complete data on countries' balance-of-payments positions are available only with a long lag.
The People's Bank of China, the central bank, is expected to release in the next week its quarterly figure for changes in the country's foreign exchange reserves, the best proxy for how much cash is flowing in or out of the country.
What is needed is a reorienting of our values and a new form of currency, one that cannot be tied to the whims of banks: a currency of ideas, in which the ideas are evaluated on their substance and not on how much cash is flowing behind them.
Lest folks forget how much cash this company generates, operating cash flow was $4.3 billion, and the balance sheet now sports some $40 billion in cash and investments.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com