KausFiles

Will Obama dump his GM stock at this price?

Psst. Despite recent reported profits, GM stock is trading at around $26below its IPO price of $33 and about half what it would take for the government to break even on its investment. Is the Obama administration really going to dump its GM stake at such an embarrassingly low price? Wouldn’t that provoke a lot of stories, not about how the government is finally out of GM’s hair as promised but about how poorly the bailed-out company is doing? … P.S.: Yes, the entire market is down. But GM has done worse than the overall market, trailing the major stock indexes by a significant margin. …