Quote:
Originally Posted by truth411
Your still missing the point, you can say the EXACT same thing for Ford. Everybody is down. Why do you think Ford is down? When you give your answer, just cut copy and paste it and you have your answer why GM is down to.
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Ford is down because Ford had a buying frenzy through 2009-2010 that artificially inflated it's PPS. The market adjusted and put it at a more realistic PPS with a noticable decrease congruent to the direction of the general market. However, Ford's drop is from a 10 yr high while GM's is from an IPO after bankruptcy and restructuring by the Fed. Did you know Ford still has a higher Market Cap than GM at this very moment? GM should never have bumped the IPO PPS to $33. It was a bad move when you're trying to improve investor confidence, sorry if you disagree, but that's a fact.