I hate GM. But I bought it too at 22 and sold it at 25.
They extinguished 100 billion in debt due to bankruptcy.
The US govt. is their partner and will not take aggressive regulatory action against it.
Obama will keep it a float at all costs for his legacy.
It is too big to fail.
It is too politically connected to fail.
It is a really sucky company but it won’t go bankrupt before the US govt. goes bankrupt.
I would recommend you buy it back, but I don’t know.
Don’t want the responsibility that comes from a recommendation like that.
However things have simply got to change. In a very big way. As in big.
I will not recommend any financial moves though.
Prepare for change. That I will say.
Spot on!
Me too! We bought the same flag waving buy American bu!!sh!t. Only we we were stuck with the POS car after it went over the 12,000 mile warranty.
They exploited American pride and desire to support Americans first to peddle their expensive POS cars.