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GM... old shares are evidentially valueless...
GM
GM is a pinksheet = GMGMQ...0,10 $ possible
GM
Gov't help hasn't worked yet
GM
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FNM, FRE, AIG were the first round of gov't help, and those equities have not performed since the gov't "saved" them. Can't see much reason for this to change. Futhermore, helping GM and Chrysler is the exact wrong policy for the US, since it helps a poorly run company steal business from a well run company. Ford isn't asking for government help, so there's reason to believe the US will still have an auto maker after GM and Chrysler fend for their own survival (Maybe Mr. Buffett wants to save GM for a sweetheart deal of 12% and a free option like he's doing in Swiss Re?). Why would we...
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GM = Government Motors
GM
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And the government will get their money back before the common stock holders do ... this stock will slowly unfold over time.
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GM - The End Is Near
GM
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Previously, I projected GM to run on rumor of the bailout and its passage. Given the dire state of the current economy, I did not see how the US Congress could not pass the bill. Despite the passage of the bill in the House, Senate Republicans appear unwilling to pass the bill, which will yield a deathblow to the entire industry (not to mention the economy as a whole). GM, at least in its current state, is on its last legs.
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From the Blogosphere
Company News for November 16, 2009 – Corporate Summary
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• Boeing's (NYSE:BA) new head of its commercial aircraft division, Jim Albaugh, said the long-awaited Dreamliner test will happen by yearend • Citigroup (NYSE:C) plans to sell Bellsystem 24, a Japanese telemarketing company, to Bain Capital for $1 billion, bringing to $10.8 billion the dollar amount Citi has raised from sales of Japanese assets • Hedge fund Paulson & Co. reported in a September 30 filing Citigroup (NYSE:C) holdings of 300 million shares, valued at $1.45 billion <>• Cisco (NASDAQ:CSCO) raised its bid for Tandberg ASA to $3.4 billion, or about an 11% increase, and extende<><><><><><><>< /><><>< /><>< /><>< />< />...
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General Motors to pay back taxpayers with their own money
Filed under: General Motors (GM)  In a bit of corporate strategy that would make Bernie Madoff blush, General Motors plans to use bailout money to pay back the $6.7 billion loan it has from the government.
The rest of the $50 billion flushed into General Motors has been converted into equity, meaning it does not have to be paid back. The Wall Street Journal reports (subscription required) that "GM still has $13.4 billion in an escrow account that came from its U.S. bailout, or twice the amount it needs to pay the government back. While repaying the loan promises to further bolster the health o...
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Before the bell: Futures higher ahead of retail sales data
Filed under: Before the bell, International markets, General Motors (GM), Market matters, Japan, Economic data, Federal Reserve  U.S. stock futures followed global markets higher Monday morning as Japan announced its economy grew at a higher-than-expected pace and governments around the world said they would maintain their stimulus policies. Investors are also awaiting a speech expected from Federal Reserve Chairman Ben Bernanke, GM's first earnings report since emerging from bankruptcy, as well as more economic data, including retail sales and manufacturing.
Japan's gross domestic product <>gr...
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Former auto task force chief calls GM one of 'worst-run companies' ever
GM chairman claims company can pay back U.S. loans
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Austin
(+5.08% risk: conservative)
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GM Long Term Charts
- Trendlines and support/resistance lines on long term charts of GM (since 1968) for a better perspective:
http://patternspy.blogspot.com/2009/03/gm-g
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More Resources
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About General Motors Corp
- Answers.com
