Quote:
Originally Posted by SC2150
This is SOOO unfair to every other public company that has had to meet all financial obligations to stock & bond holders as the government not only bailed them out, but they left all investors holding nothing, and now they do a new IPO?
Amazing.
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True. 100% true.
Look, you fans of GM who want to buy stock, go right ahead. It's your right. But use your HEAD, not your HEART. A perfect example is WWF/WWE. When they decided to go public in 2000, wrestling fans couldn't wait to buy it. They loved the product and the WWF/WWE was turning a profit. So they bought in on the IPO. It opened at ~$24/share. Now 10 years later, the stock has NEVER broken what it opened at. Never.
Look at GM's books, and look at their balance sheet and use your HEAD. If the numbers look good, your chances of making money on the stock are good, if the numbers don't look good, you're likely throwing money away. Just a word of caution.
And before I'm called a hater, I want to say I hope everyone who invests in GM makes money. I'm (and SC2150) just throwing out a few facts any intelligent, educated investor should look at.