Discussion in 'Stocks' started by tonyzhou, May 12, 2009.
I want to buy if the price has huge discount.
what are the going for? 80 cent under par?
there is probably a reason for it..
and probably the government will be first in line, after they give GM bailout money..
This is probably the worst trade of all time.
I think it's like buying a lottery ticket right now. But if you want to go ahead, the easiest to acquire are those sold as preferred stock. There are several such as XGM which is selling for $1.14 (versus $25 par, so about 4 cents on the dollar). The ones that are GMAC, like HGM, will sell for much more as they are more likely to pay out.
4 cents on dollar... sounds reasonable
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