balois

Why GM Is Ready for a Rebound

"...General Motors (GMGMQ.PK) has emerged from bankruptcy..."

As others here mentioned already, this statement by Mr. Newman is wrong and misleading and his comment should be corrected or removed

The old GM is now called Motors Liquidation Co
www.motorsliquidation....

The New GM is a completely new company, not yet quoted.

Have a good day

Buyer Beware: 30 Biggest Bankruptcy Risks

I am looking at select bankruptcy candidates differently: I cherry pick and factor in the implicit guarantee provided courtesy of the US taxpayer as a buying opportunity, over the last 6 months or so. I am talking of obligations of various types.

Who needs Treasury notes, TIP s if you can get Goldman Sachs, GE Capital, GMAC – some newly minted banks with the 5 star ratings from the US Government, the Fed? And with the de facto assurance to keep you whole, most certainly at the price level their bonds and notes could be picked up recently.

I also bought some GM notes. I am quite content to wait and be reimbursed, eventually, with shares in a possible NUGEM company.

Salve to the socialist world we live in – if you can t beat them, join them. In a schizophrenic, perverse way I am sad to say so: Thank you, America.

Have a good day

Note: For those who are interested, below are some of the listings. To boot, these obligations are in Euros and Swiss Francs which also helps to diversify the currency risk. (I did not check and am not sure but t is possible they also carry restrictions to be sold to US residents).


anleihen.onvista.de/sn...

anleihen.onvista.de/sn...

anleihen.onvista.de/sn...

anleihen.onvista.de/sn...