More GM hype IPO threads, does it ever end. I hope everyone does realize this company was public before and the only reason its going public again is because of the billions in bailout money it received from the taxpayer.
Motor Trend's Car of the Year: Chevy Volt Motor Trend says the Volt has some of the most advanced engineering ever seen in an American car. The Volt can run up to 50 miles in pure electric mode before a backup gas engine kicks in to give it more range. Motor Trend also said Tuesday that the car is a great value. It costs $33,500 with a federal tax credit, but will likely be cheaper to run than a traditional hybrid. The Volt goes on sale next month. http://www.motortrend.com/oftheyear...end_car_of_the_year_chevrolet_volt/index.html
GE to purchase 25,000 EVs by 2015 in largest single EV commitment yet; 12,000 GM vehicles, starting with 2011 Volt GE owns one of the worldâs largest fleets, operates a leading global fleet management business, and offers a portfolio of product solutions including charging stations, circuit protection equipment and transformers that touch every part of electric vehicle infrastructure development. This enables GE to lead wide-scale electric vehicle adoption and generate growth for its businesses. http://articles.latimes.com/2010/nov/12/business/la-fi-autos-ge-electric-cars-20101112
How can this Government controlled and operated organization not be considered in the same realm as a US treasury investment? No matter what they do they have a controlling investor who brings the full faith and force of our federal government. a 3/1 split before the IPO... They can only fail if the US fails and the dollar collapses. They get t have new tax treatment letters issued by the US treasury especially for their investors for deferring income and providing other advantages not available to any other class of stock investment.
You do realize that nearly every other global car maker(all the Japanese, Korean, Chinese, etc.) has received subsidies, yearly, from their governments? GM getting a bailout is just the US playing catchup to what the other governments were already doing.
Government will pump the stock till all shares are sold and get his debt back from GM and then who cares, it will tumble again. 14 billion out of 20 billion will go to paying debt. Basically those who buy the shares now are just paying GM debt to the government and will not get any value out of it. Once again, Hyundai, Toyota, Honda will crush GM. Did I mention Tata?
I did not mention that after 2 years, we can have GM-2 public offering. A new company with new restructuring plans
can someone explain this to my simple mind. The former shares are worthless correct, but the new shares are worth 35.65 or so?