• Clayton Rulli
    Gov to buy back $GM shares at 27.50. Isn't this less than they issued the IPO at?
    12/19/12
    Reply (8)
    • Energysystems: Pretty sure $GM is buying back shares from the treasury. At about 50% of breakeven for the Gov't lol
      12/19/12
    • Clayton Rulli: oh yea thats what i meant. i flipped flopped lol
      12/19/12
    • Clayton Rulli: the point was looks like they losing money on the GM deal to me, but what do i know
      12/19/12
    • Energysystems: I believe the price per share to breakeven on the GM bailout is 52$. But of course, according to the TV ads GM has already paid us back lol
      12/19/12
    • Clayton Rulli: they must be including the taxes GM pays to the gov HA!... as if GM would have seized operations if there wasnt a bailout
      12/19/12
    • Energysystems: I would've preferred to have seen an actual bankruptcy as opposed to the prepackaged bs that curried favor with the UAW ahead of bondholders
      12/19/12
    • Energysystems: But I'm just a measly taxpayer haha
      12/19/12
    • Dalton Imperial: IPO was priced at $33; break even $48.58 at time of IPO (http://reut.rs/sFArsm).
      12/19/12