Seeking Alpha

The Treasury Dept. reveals more sales of General Motors stock

  • The Treasury Department sold another block of General Motors (GM +0.9%) shares to leave Uncle Sam with a 7.3% stake in the automaker. The pace of sales is slightly higher than anticipated.
  • If GM's stock price were to remain level, the government will end up losing close to $10B on its bailout effort.
  • What to watch: When the Treasury finally sells off its position, GM could fire up its first dividend since 2008.
From other sites
Comments (5)
  • The markethead
    , contributor
    Comment (1) | Send Message
     
    The selloff will last until dec
    18 Sep 2013, 10:14 AM Reply Like
  • phxcrane
    , contributor
    Comments (416) | Send Message
     
    I don't suppose any one in the administration or the media will report the lose to the general public. Or that the bailout did not save a single job. All it did was save the UAW (useless at work)
    18 Sep 2013, 02:00 PM Reply Like
  • tcbracing
    , contributor
    Comments (270) | Send Message
     
    Where is your data that shows that the bailout did not save a single job?

     

    There are thousands of people in Michigan and the supplybase that would disagree...
    18 Sep 2013, 03:37 PM Reply Like
  • phxcrane
    , contributor
    Comments (416) | Send Message
     
    Your assuming that less cars would be sold.I contend the same amount would be sold. Just by other car companies. After the bankruptcy that should have occurred the cars and parts would probably been made in GM and Chrysler factories. Just not by UAW members.
    18 Sep 2013, 04:20 PM Reply Like
  • tcbracing
    , contributor
    Comments (270) | Send Message
     
    I contend that during the downturn the suppliers were teetering on the edge, and the months (or more likely years) it would have taken for the "other car companies" to ramp up the 30% lost from GM and Chrysler, would have wiped out the supplybase as well.
    19 Sep 2013, 11:20 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector