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Old 02-24-2011, 02:06 PM   #1 (permalink)
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governemnt motor's stock is down.

GM Falls Below IPO Price as Rising Oil Dims Truck Sales Outlook - Businessweek
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Old 02-24-2011, 02:13 PM   #2 (permalink)
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hilarious part is the dems arguing that GM is now profitable because of obama forcing the management to build more fuel efficient cars while in reality its' the gas guzzlers lifting GM to profitability.
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Old 02-24-2011, 02:19 PM   #3 (permalink)
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Good call on this stock Droski. Still trying to figure out why there was so many out there going crazy over it and making it a big deal when it listed.
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Old 02-24-2011, 02:20 PM   #4 (permalink)
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the hope is the lack of debt will bridge the labor cost gap between them and their major competitors. hard to see that as a valid long term strategy.
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Old 02-24-2011, 03:41 PM   #5 (permalink)
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Originally Posted by droski View Post
the hope is the lack of debt will bridge the labor cost gap between them and their major competitors. hard to see that as a valid long term strategy.
I give GM 15 years max and it's back in court trying to re-organize its self and its new debt.
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