[LabRat]

Originally Posted by LabRat

He is pretty close!

Except for a couple of them.

1, the current stock goes to 0, or a 100% loss for anyone holding it. There IS no recovery.

2, the UAW ended up with about 18% on the current agreement (plus they agreed to keep open 2 out of like 18 plants that were on the chopping block), that is the UAW, not the workers, not the bond holders, just the UAW. But we know those guys are A number 1, and we don't have a thing to fret about (snicker).

3, with today's agreement, you can expect a large part of the GM brand to now come from their expansion into China over the next 5 years.

4, as of the next couple of weeks, watch the media exposure on wht the U.S. plant closings do to the parts supplier chain. After today it is going to start to look like a game of pick-up sticks..............pull the wrong one.......

LabRat

Close!

http://money.cnn.com/2009/06/02/news...ion=2009060207