Chevrolet Corvette Stingray C7 Forum - View Single Post - Not Good, GM wants another 16 or is it 9 Billion to Survive.

War Eagle · 02-20-2009, 11:42 AM

It looks like there is a very good chance that GM will follow suit with Chapter 11 pretty soon. The stock is really getting pounded this morning. Some analysts have already set a new target of 50 cents on the stock which is the lowest target you can assign.

http://www.thestreet.com/_yahoo/stor...FREE&cm_ite=NA

As the article states, Chapter 11 would be a good thing for GM and fix a lot of their problems. They could emerge a much smaller but very strong company.

Steve

02-20-2009, 11:42 AM	#218
War Eagle Drives: 1969 Chevelle, Avanti, 2010 GT500 Join Date: Dec 2008 Location: Florida Posts: 179	It looks like there is a very good chance that GM will follow suit with Chapter 11 pretty soon. The stock is really getting pounded this morning. Some analysts have already set a new target of 50 cents on the stock which is the lowest target you can assign. http://www.thestreet.com/_yahoo/stor...FREE&cm_ite=NA As the article states, Chapter 11 would be a good thing for GM and fix a lot of their problems. They could emerge a much smaller but very strong company. Steve __________________ Back in a Chevelle after 41 years.