05-26-2009, 06:42 AM
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#2
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Registered User
Join Date: Jun 2004
Location: Des Moines, IA
Posts: 8,083
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The first think you learn in business school is the difference between cash flow and accounting profits.
Looks like these guys forgot about that.
I have to say, I would LOVE to see Piech end up broke. He started all of this nonsense and he should pay dearly for his hubris.
IMHO.
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Rich Belloff
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05-26-2009, 07:21 AM
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#3
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Registered User
Join Date: Jun 2005
Location: Surf City, NC
Posts: 1,079
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You also have to play the "What If" game and plan for the worst while hoping for the best. What if the world economy tanks and debts come due?
How far down will our pants be? Hmmm. Pretty far in Porsche's case. :ah:
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Mike
04 Boxster S - Basalt/Savanna, 6sp, Carrera lites, hardtop
70 914-6 - Black over tan, original/stock
PCA since 1970
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05-26-2009, 07:30 AM
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#4
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Track rat
Join Date: Nov 2006
Location: Southern ID
Posts: 3,701
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They all forgot that you don't build a car company by trading leveraged stock options. You build a car company by building cars.
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2009 Cayman 2.9L PDK (with a few tweaks)
PCA-GPX Chief Driving Instructor-Ret.
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05-26-2009, 08:21 AM
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#5
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Registered User
Join Date: Jan 2007
Location: Depends on the day of the week....
Posts: 1,400
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Quote:
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Originally Posted by Brucelee
The first think you learn in business school is the difference between cash flow and accounting profits.
Looks like these guys forgot about that.
I have to say, I would LOVE to see Piech end up broke. He started all of this nonsense and he should pay dearly for his hubris.
IMHO.
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I'll second this.
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Boxster S
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05-26-2009, 08:36 AM
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#6
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Registered User
Join Date: Dec 2007
Location: Chicago, Illinois
Posts: 212
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Funny thing is, Porsche is doing better than all the other car companies.... so what does that tell us? We were lucky enough to only get the half retarded clowns running the show not the fully autistic ones.
I think the executives at Porsche think the company slogan applies to them "Porsche, there is no Substitute..." I think its about time they get replaced, and I believe they will because the Porsche family is not happy with the way things are being run. 
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They all forgot that you don't build a car company by trading leveraged stock options. You build a car company by building cars.
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I second that.
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05-26-2009, 10:25 AM
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#7
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Registered User
Join Date: Jul 2005
Location: U.S.
Posts: 124
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Quote:
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Originally Posted by derb
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I read some info on thetruthaboutcars.com that said not down to the wire but they actually were out of cash. Needed 700M loan from VW to stay afloat. Now VW is again considering buying Porsche.
Funny the difference a day makes.
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05-26-2009, 10:30 AM
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#8
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Registered User
Join Date: Jun 2004
Location: Des Moines, IA
Posts: 8,083
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These rich guys like Piech can't get their ego out of the way of making cars.
It is time for him to retire for good before he ends up working for Angela Merkel.
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Rich Belloff
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05-26-2009, 10:33 AM
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#9
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Registered User
Join Date: Jun 2005
Location: Surf City, NC
Posts: 1,079
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Quote:
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Originally Posted by Topless
They all forgot that you don't build a car company by trading leveraged stock options. You build a car company by building cars.
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The sad part is that while building (and selling) fine cars, they played roulette with the financial underpinnings of the company.
Personally I was hoping for some revenge against VW for the screwing they gave Porsche with the 914-6's excessive cost. 
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Mike
04 Boxster S - Basalt/Savanna, 6sp, Carrera lites, hardtop
70 914-6 - Black over tan, original/stock
PCA since 1970
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05-26-2009, 01:43 PM
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#10
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Registered User
Join Date: Mar 2006
Location: San Carlos, CA 94070
Posts: 1,450
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I wonder if there are any similar discussions going on on GM boards or Chrysler boards.
Personally I don't care too much about Porsche's financial woes, they WILL not go out of business, and I don't have any Porsche stock.
I just happen to drive one of their cars (which I will freely admit sometimes like more than my wife ) but that's about it.
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I still wave at Boxsters, but they no longer wave back :-(
2002 Boxster S "Violet" (sold but not forgotten)
2009 Carrera 4S "Kelsey" (current ride)
2015 FIAT 500e "Nikki" my commuter car
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Lil Red
2009 Porsche Cayman 2.9L
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