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Wednesday, September 24, 2008
GM To Speed Cost Cuts, Seeks Sale Of French Factory: Report
Wallace Witkowski
MarketWatch Pulse
SAN FRANCISCO -- General Motors Corp. said it is accelerating its $10 billion cost-cutting plan and is looking to sell a parts factory in Strasbourg, France among other assets, The Wall Street Journal reported Wednesday on its Web site. GM said it is on track to boost its liquidity by $15 billion by 2009 through the plans, which include about $4 billion in asset sales.
Copyright © 2008 MarketWatch, Inc.
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Most folks judge the health of a business by the revenue that comes in through sales. But not all revenue is equal. Companies can grow their sales by buying other companies, which means you don't get a clear view of how the real sales trends are moving.
So, many analysts, particularly those who look at retail, try to gauge what¿s known as "organic" growth, by looking at same-store sales. These are sales only at outlets open more than a year, so the metric can exclude any sales jump that comes from opening new locations. Retailers release same-store sales (which are frequently called "comps" since they're a true comparison from the previous period) every month.
Retail, incidentally, isn't the only industry to look at same-store sales. Hospital companies, also use the metric, to gauge how existing hospitals are performing compared to ones they just built or acquired.
