11-22-2010, 02:03 PM | #99 |
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You guys act like 1.5B is a lot. . . For reference, F has an O/S of 3.6B IIRC which is why F market cap is higher than GM at this point, despite PPS being less than half. Mark this post, IMO that number will change drastically over the coming few years.
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11-22-2010, 02:13 PM | #100 | |
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11-22-2010, 02:34 PM | #101 | |
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Sure it can increase in the future, but not before the major shareholders of GM have sold off all, or at least most, of their stake specifically because of dilution. The goal is to get as much back to the major shareholders as possible, issuing new stock while they still 'owe' money to those groups would be incredibly stupid. Only ~30% was dumped last week. I don't expect them to sell off any more until after GM issues their annual financial report at the earliest. But however they do it, I expect the process to take around 2 years for the US government to sell off the rest of their stake, and who knows how long for the others. So if we figure that it would be ~2 years to have most of the 1.5B shares out on the market, it will still be some time after that until GM issues more stock of their own. Thats what I was getting at with 'any time soon'
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11-22-2010, 02:58 PM | #102 | |
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11-22-2010, 03:05 PM | #103 |
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In the meantime, the P/E ratio, an investor "staple", will be calculated against the "existing" share numbers IN TOTAL. As for potential Market Cap, that number is still a guess until substantive, and sustained, Earnings over a period of time are reported...and verified. Only then will it be possible for "real" growth to occur.
As stated earlier, this recent offering is but a small portion of what MUST come to market and, in anticipation of those additional "free market" shares, investors would be prudent to remain very cautious about "share value growth", near-term. |
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