GM Plant Closings and future stock
They are declaring bankruptcy today and will eventually emerge from bankruptcy. The plan is to emerge from bankruptcy with a better balance sheet and profitability if GM can sell 10,000,000 cars a year. Would you buy their stock? Knowing we (American Taxpayers) own GM, will you guy a GM product so we can get a return on our bail out money? If America gets behind GM, is Ford screwed because the Federal Government has a more vested interested in protecting their GM interests?
Will I eventually buy GM stock? hmmm…that’s a good question.
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