gm_man

Trading the GM Bankruptcy

I like your analysis. My 2 cents is that GM in the prospectus sent to bondholders did a present value of future cash flow analysis to value the 10% offer being made. They came up with a value of $2.3B for 10% of the company or $23B for the entire company. That values the bonds at ~$2.1/bond (8.4c on the dollar). Good luck to all.
See the link below for the prospectus.

phx.corporate-ir.net/E...