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  • Warning: U.S. Auto Crash Ahead [View article]
    In terms of GM's stock price, the current common will be 1% of the proforma GM company (if the out of court resturcturing is successful). So why in the world is it currently trading at a $1.2B market cap, which would imply a $120B proforma market cap?!? Even if it's trading as an "option", that's a hefty call premium to pay ($1.20 premium on a 0.70 strike).
    Apr 28 10:21 am |Rating: 0 0 |Link to Comment
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