I remembered you wrote this "levels not turns" and wanted to ask you about the nationalization of GM, and the 100-for-1 reverse split.
Do *you* think it's worth a gander for a couple of hundred bucks? Book value of plants, brand name, etc has got to be more than 1 cent per share...?
posted on 05/06/2009 5:09:30 AM PDT
(The opinions are solely those of the author and are subject to change without notice.)
Wouldn't touch it with a ten foot pole.
Investing in a union run company is tantamount to simply giving the workers your capital. There are better charities if that is the intention. Doing so in bankruptcy is even more reckless.
posted on 05/06/2009 8:09:16 PM PDT
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