http://news.yahoo.com/s/ap/us_earns_gm
Quote:
But it's unclear if the recent record of profits — $2.2 billion for the first half of 2010 — is enough to convince investors. GM lost $88 billion in the five years before it filed for bankruptcy protection last June.
Although GM is performing well, the timing still isn't right for it to sell shares in the next few months because of the sputtering economy, said Scott Sweet, senior managing partner of IPO Boutique in Tampa, Florida, which advises investors on IPOs.
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cool -- they only need to make 75.8 BILLION more - to break even for the past 5 years.
A Small step in the right direction though, no doubt.