Monday, June 1, 2009

GM's 9 Week Cash Flow Budget

If anyone is interested in how GM expects to burn through $20 billion of taxpayer cash over the next 9 weeks (presumably the time it will be in court), check out the table below. In addition, as these cash flow projections are always put together by a first year analyst just after a marathon green shoot smoking session, I am happy to bet an amount equal to the DIP draw down over the next 9 weeks that the final cumulative cash burn will be anywhere between 50 and 100% higher.

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