GM stock

[d-ray657]

I saw in my local paper that GM, because of three straight quarters of profitability, has upped the price per share in it's initial offering from $32 to $33.

Regards,

D-Ray

[djv8ga]

They can keep it.

[whell]

They've also increased the available number of shares in the IPO, adding an additional 13 million shares.

Let the feeding frenzy begin!

[Grumpy]

Ford was a much better option.

[djv8ga]

The Chinese like it. http://www.detnews.com/article/20101...39/1361/UPDATE

[Fast_Eddie]

Originally Posted by djv8ga

The Chinese like it. http://www.detnews.com/article/20101...39/1361/UPDATE

I heard about that. Geez. I think I like this idea worse than our government owning it. Weird when a private company in Communist China is buying a government run business in the U.S. If you'd a told me that 10 years ago...

[Bigerik]

Now that the government is enthusiastically selling it's shares, does anyone think the idiot comments about Obama being Socialist will finally go away?

[d-ray657]

Yeah, he's just another gol darned capitalist.

BTW, good to see you looking in, Bigerik.

Regards,

D-Ray

[Fast_Eddie]

Originally Posted by Bigerik

Now that the government is enthusiastically selling it's shares, does anyone think the idiot comments about Obama being Socialist will finally go away?

Oh, I wouldn't bet on it.

[Charles]

Globalist.

Obama is a globalist.

I've yet to see anywhere just what the government has invested in GM, and at what price per share as compared to what the IPO is bringing in. I also believe GM was given some huge tax incentives which translated to a larger profit margin. In other words, the books have been cooked at our expense. And, out of curiosity, the actual net profits or losses on the Volt.

In other words, I haven't seen any hard figures as to what is happening. And I know for a fact that I won't be seeing any on the 6:00 news.

Chas