gm ipo
By X18PRS
@X18PRS (114)
Canada
August 18, 2010 5:41pm CST
Wow, this seems kind of quick to offering an IPO. I guess they need some cash to start paying down some of those loans ;) I don't think many people are going to be buying shares, though. Although their sales are slightly increasing, I don't think people are going to throw all their trust (and money of course) at them. What do you guys think about this? Are you going to take a risk with it?
1 response
@echomonster (2226)
• Greenwood, Mississippi
19 Aug 10
Nah, I won't be buying GM shares. They really sold their old share and bondholders down the river with the assistance of the government...I definitely wouldn't trust them to act in my best interest as a stock owner. Still, I think some investors will take a chance with the new GM. Sales look pretty good so far, and there aren't that many great automaker stocks to choose from.
