12-20-2012, 09:16 AM | #1 |
Stovebolt BluFlame 6
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GM Buying Back 200M Shares from Government
I'm late reading yesterday's news; this may be a duplicate post. Article stated that GM research shows that sales are down because of partial government ownership. Government states that it will sale remaining shares during 2013. GM stock rose apprx 7 percent following the anouncement. Good news.
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12-20-2012, 09:28 AM | #2 |
TRI COUNTY TAMPA
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In before this thread goes the way of the Mayans
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12-20-2012, 09:35 AM | #3 |
Retarded One-Legged Owl
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Poor Mayans...
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12-20-2012, 09:37 AM | #4 |
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12-20-2012, 09:42 AM | #5 |
Retarded One-Legged Owl
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Taxpayers should be mad at the government for buying shares in the first place, not at GM for trying to get out from under the government's thumb.
Direct your anger appropriately
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12-20-2012, 09:45 AM | #6 |
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Oh I'm
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12-20-2012, 10:48 AM | #7 |
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Remember that when the President brags on how the taxpayers have been "fully paid back" for the bail out.
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12-20-2012, 10:57 AM | #8 |
Retarded One-Legged Owl
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I didn't get a check :emoticon7:
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12-20-2012, 01:37 PM | #9 |
I used to be Dragoneye...
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Did you write out a check in the first place? J.K.
...I'm just happy this will be over and done with, finally... |
12-20-2012, 01:43 PM | #10 |
Retarded One-Legged Owl
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I didn't have a say, they just removed it straight from my paycheck
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12-20-2012, 03:51 PM | #11 |
Banned
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Well if you don't like it I hear in some places of Africa taxes are optional. Depending on your warlord in charge.
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12-20-2012, 04:49 PM | #12 |
Casual Camaro Owner
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IBTL
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12-20-2012, 04:53 PM | #13 |
7 year Cancer Survivor!
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I would rather see the government give money to a company that keeps people working than to a bunch of lazy bums that refuse to get any kind of job.
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12-20-2012, 07:36 PM | #14 |
Moderator.ca
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No you didn't. Some 900 million shares in exchange for 50 billion works out to about $55/share. 70/share is what is needed for the remaining 300 million shares in order to break even.
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Note, if I've gotten any facts wrong in the above, just ignore any points I made with them
__________________ Originally Posted by FbodFather My sister's dentist's brother's cousin's housekeeper's dog-breeder's nephew sells coffee filters to the company that provides coffee to General Motors...... ........and HE WOULD KNOW!!!!__________________ Camaro Fest sub-forum |
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