GM: Largest IPO or Largest Scam?

[schizo]

This company got bailed out last year by Uncle Sam only to go into bankruptcy. Now having emerged out of bankruptcy, it wants $33 per share (presumed to be the largest IPO offer to date). Does this make sense?

Why isn't the same offer being extended to countless people who declared chapter 7 or the like?

 

[shortie]

Quote from schizo:

...
Why aren't the same offer being extended to countless people who declared chapter 7 or the like?

they get even better offer of going straight to heaven. GM never got a nice break like that but then again it does not have a soul...

Jim "Shortie" Jones Out

 

[pspr]

Government supported SCAM. Like Social Security, Fannie, Freddie and others, it could go on for a while.

 

[forsalenyc]

scam

 

[forsalenyc]

it'll probably sell off at the open...... how timely is it? IPO coming out just when F is at 52wk high. GM is garbage..........i'd still say the same even if my father worked for GM.

 

[emg]

need to save the city of Detroit!

 

[jprad]

Quote from emg:

need to save the city of Detroit!

Abandon all hope...

 

[ChkitOut]

its a scam only in the sense that the value of the ipo
is funded by me you and everybody else or maybe our kids
or their kids.

its kind of silly.

 

[Free Thinker]

cramer says its a gift. buy all the way to 40. we will see how that works out for all the boo ya morons that follow him.

 

[Roark]

Make it a pair trade. Go long F, short GM.