Why not taking GM at U$1,10?
Will GM bankrupt?
Answers
2082 points
alanj answered 6 months ago …
Way to risky. If you pay attension to the national news there is a possibility or even a probability that they are on the verge of bankruptcy.
Read more from alanj
362 points
smi answered 6 months ago …
GM is Bankrupt. Its about to file Bankruptcy. It would be wise to wait for some more time and watch what measures the company takes. Soon one's this recession is over there might Be the action for which the stocks of GM are well known..
Read more from smi678 points
BoxCar answered 6 months ago …
Life is a series of "learning curves" where we learn by failure, correct, push on. GM
could be one of these failure points where experiencing it is the best teacher of whats
to come, because GM is the tip o' the iceberg of company failures to come. Next year
will see the 2nd wave of "Mortgage Resets" scheduled to readjust while the VALUE
of property is too depressed to allow what investors thot would be a given- that highter property values would allow them to reset mortgages into better rates
In short, $100 of GM at @$1 might be part of your learning curve, to inform you of
what actually happens when you participate in a distressed company. Lord knows
there's going to be a whole lot more like GM and you need real info to avoid failure
when GDII plays out over next decade. We didn't know the Great War was WWI did
we? Not until WWII came along. The same will be said about the Great Depression
because The Solar Mortality Theory predicted onset of GDII by 2007.5 (June'07)
Kate Kelly of Wall street journal reported failure of 2 Bear Sterns hedge funds then
