GM: Largest IPO or Largest Scam?

Quote from CaptainObvious:

Yep, it's a scam, but is it a good trade? Considering how much Uncle Sugar has invested in this puppy, my thought is it goes up from here whatever the circumstances. They've got a whole lot more than money on the line. The messiah can look pretty good come spring/summer of 2012 if this piece of crap is at 53 or so, Treasury dumps it, and the unwashed masses are told they got their money back.
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Good point. Regardless of how one feels about the company or the government's stake, the analysts and CNBC will be probably told to keep hyping it up until Treasury breaks even, around 50/share or so.

The options will start trading soon, which offers a cheaper way to play it. Also, there are no shorts available as of yet, so risk/reward is favored to the upside.
 
Government should force GM to sell more stock so that they can reduce their holding. by doing this they can break even their horrible investment...

now its the time private company should bail out government..

same thing with TSLA if goverment is giving rebate to buy electric cars they should get stocks from TSLA so they can sell it later down the road..





:cool:
 
Quote from 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?
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we're in the union.:D
 
Quote from gobar:

Government should force GM to sell more stock so that they can reduce their holding. by doing this they can break even their horrible investment...

now its the time private company should bail out government..

same thing with TSLA if goverment is giving rebate to buy electric cars they should get stocks from TSLA so they can sell it later down the road..





:cool:
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do some research to find out the gov't break-even pt. it is not the current price,
 
scam

Hedge funds get IPO access to immediately flip against retail.
Any ballers in this IPO should have to hold the stock for a year.
 
"GM's January Sales Gain 22%, Topping Estimates
By David Welch and Craig Trudell - Feb 1, 2011 10:09 AM PT

GM Jan. U.S. Vehicle Sales Up 22%

A newly unveiled General Motors Co. (GM) Chevrolet Sonic compact car sits on display during the North American International Auto Show (NAIAS) in Detroit. Photographer: Jeff Kowalsky/Bloomberg

General Motors Co. said U.S. sales increased 22 percent in January, topping analysts’ estimates, while Ford Motor Co. and Chrysler Group LLC missed expectations. ..."

http://www.bloomberg.com/news/2011-02-01/gm-s-january-sales-gain-22-topping-estimates-update1-.html
 
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