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Old 12-20-2012, 10:16 AM   #1
RJT Impala
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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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Old 12-20-2012, 10:28 AM   #2
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In before this thread goes the way of the Mayans
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Old 12-20-2012, 10:35 AM   #3
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Poor Mayans...
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Old 12-20-2012, 10:37 AM   #4
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. Good news.
Not good news for the taxpayer. We paid the equivalent of $70 a share and now GM gets to "buyback" (some, not even all) at $27. LOL
This will not help with those of us angry at the UAW bailout.
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Old 12-20-2012, 10:42 AM   #5
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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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Old 12-20-2012, 10:45 AM   #6
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Originally Posted by CamaroSkooter View Post
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
Oh I'm
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Old 12-20-2012, 11:48 AM   #7
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Originally Posted by sprtplt View Post
Not good news for the taxpayer. We paid the equivalent of $70 a share and now GM gets to "buyback" (some, not even all) at $27. LOL
This will not help with those of us angry at the UAW bailout.
Remember that when the President brags on how the taxpayers have been "fully paid back" for the bail out.
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Old 12-20-2012, 11:57 AM   #8
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I didn't get a check :emoticon7:
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Old 12-20-2012, 02:37 PM   #9
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I didn't get a check :emoticon7:
Did you write out a check in the first place? J.K.


...I'm just happy this will be over and done with, finally...
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Old 12-20-2012, 02:43 PM   #10
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I didn't have a say, they just removed it straight from my paycheck
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Old 12-20-2012, 04:51 PM   #11
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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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Old 12-20-2012, 05:49 PM   #12
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Old 12-20-2012, 05:53 PM   #13
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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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Old 12-20-2012, 08:36 PM   #14
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Quote:
Originally Posted by sprtplt View Post
Not good news for the taxpayer. We paid the equivalent of $70 a share and now GM gets to "buyback" (some, not even all) at $27. LOL
This will not help with those of us angry at the UAW bailout.
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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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......
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