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GM 75 cents a share?

Posted on 05/30/2009 6:05:26 AM PDT by CommieCutter

I know GM is an easy target these days, but .75 cents a share?

Would it be unwise to invest 500 dollars?


TOPICS: Business/Economy; Chit/Chat
KEYWORDS: automakers; generalmotors
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1 posted on 05/30/2009 6:05:27 AM PDT by CommieCutter
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To: CommieCutter

Is NYSE going to delist it now?


2 posted on 05/30/2009 6:07:19 AM PDT by scrabblehack
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To: CommieCutter

Wait for it to go to 25 cents


3 posted on 05/30/2009 6:08:03 AM PDT by nuconvert ( Khomeini promised change too // Hail, Chairman O)
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To: CommieCutter

75 cents is way too high. But I wouldn’t invest a single penny lest it helps the UAW.


4 posted on 05/30/2009 6:08:13 AM PDT by pnh102 (Regarding liberalism, always attribute to malice what you think can be explained by stupidity. - Me)
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To: CommieCutter

Go ahead, invest 75 cents if you won’t be unhappy to lose all of it. If you go to the track you’ll have a better chance of winning, though, and you will get out of the house into the sun.


5 posted on 05/30/2009 6:08:15 AM PDT by 1rudeboy
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To: CommieCutter

It was a buck and a quarter the day before....The news was out...People weren’t buying......BUY GOODS!!!!


6 posted on 05/30/2009 6:08:25 AM PDT by Sacajaweau
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To: CommieCutter

I think it would be much wiser to invest the $500 on a lottery ticket.


7 posted on 05/30/2009 6:08:38 AM PDT by Leo58 (Those who cheer you today will curse you tomorrow, the only thing that endures is character.)
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To: scrabblehack

Isn’t it automatic??


8 posted on 05/30/2009 6:09:05 AM PDT by Sacajaweau
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To: CommieCutter

Treat it like Vegas - if you can afford to lose it, go ahead.


9 posted on 05/30/2009 6:09:16 AM PDT by HiJinx (~ Support Our Troops ~ www.AmericaSupportsYou.mil ~)
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To: nuconvert

Wait for it to go to 25 cents


Seriously?

Because a 500 dollar investment would result in a decent quick return if the stock ever hit 2.00.

I’m not a pro at this so I don’t know.

I would say the company has two options; stock goes back up or they close for good.


10 posted on 05/30/2009 6:10:08 AM PDT by CommieCutter (http://www.pbs.org/wgbh/nova/programs/ht/qt/3013_08.html)
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To: CommieCutter
Option 3: your GM stock becomes worthless and the company recovers to issue new stock to others.
11 posted on 05/30/2009 6:11:55 AM PDT by 1rudeboy
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To: CommieCutter

You would be better off buying a Pontiac. And that ain’t saying much.


12 posted on 05/30/2009 6:12:29 AM PDT by untwist
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To: CommieCutter
Would it be unwise to invest 500 dollars?

You may as well hold up five $100 bills and light 'em on fire. The fact is you'd be a fool to buy GM stock. When GM enters bankruptcy, the stockholders are unsecured debt holders and are the first wiped out in favor of secure debt holders (ie: bond holders.)

Translation: once GM enters bankruptcy next week, any GM stock you own will be WORTHLESS. Zero. Zilch. Zip. Nada. You'll have nothing but worthless paper.

13 posted on 05/30/2009 6:12:53 AM PDT by usconservative (When The Ballot Box No Longer Counts, The Ammunition Box Does. (What's In Your Ammo Box?))
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To: CommieCutter
Well if you invested $48,000.00 in GM in 2004 today it is worth $750.00

Wait to see what comes out of the bankruptcy court.

14 posted on 05/30/2009 6:13:33 AM PDT by Mikey_1962 (Obama: The Affirmative Action President)
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To: CommieCutter

Just donate it to UAW. That’s who’s going to end up with it.


15 posted on 05/30/2009 6:13:39 AM PDT by tacticalogic ("Oh bother!" said Pooh, as he chambered his last round.)
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To: CommieCutter

If you want to give money away expecting no return, give it to me.


16 posted on 05/30/2009 6:13:58 AM PDT by Drango (A liberal's compassion is limited only by the size of someone else's wallet.)
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To: CommieCutter

If it goes up to $2, you’ll be classified as a kulak and enemy of the state and purged.


17 posted on 05/30/2009 6:14:03 AM PDT by Tijeras_Slim
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To: usconservative

Translation: once GM enters bankruptcy next week, any GM stock you own will be WORTHLESS. Zero. Zilch. Zip. Nada. You’ll have nothing but worthless paper.


That’s what I was looking for. Thanks!


18 posted on 05/30/2009 6:16:19 AM PDT by CommieCutter (http://www.pbs.org/wgbh/nova/programs/ht/qt/3013_08.html)
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To: 1rudeboy
Option 3: your GM stock becomes worthless and the company recovers to issue new stock to others.

Not a valid option. Once the stockholders are wiped out in bankruptcy, game over. They've lost their money.

Any *new* stock GM may issue emerging from bankruptcy will have to be purchased. But then, why would anyone want to buy stock in any company now that the US Government has resorted to wiping out share holders and secure debt holders by forcing companies to accept pro-union terms?

19 posted on 05/30/2009 6:17:06 AM PDT by usconservative (When The Ballot Box No Longer Counts, The Ammunition Box Does. (What's In Your Ammo Box?))
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To: CommieCutter
Bomonomics at work.
20 posted on 05/30/2009 6:17:24 AM PDT by mountainlion (concerned conservative.)
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