GM debt cut to junk by S&P:

Quote from kowboy:

Reminds me of the proposed takeover of Federal Mogul a few years ago.

Rumors, innuendos, unconfirmed information pushed the price up, followed soon after by a precipitous drop in the price of the stock.

I sure hope it's that way. It's coming back up. Not very pleasant...
 
I think (a few days ago) was a good spot to go long on XGM.

With a 9.81% yield and lots of room to get back near par, these guys don't look too bad to me.
 
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