Vote- Where will GM stock be at year-end?
Under 30 55.26%
over 36 23.68%
55% of respondents voted that GM will be UNDER 30 at year end. That is not a vote of confidence for the deal. Obama and the Fed are claiming that GM was a success and the deal was a winning strategy for the American People. It would have been a winner in they priced the deal in the original 26-29 range. Now retirees bought GM at 33, didn’t flip it the first day, and by year end could be down 10% or more on their investment. Once again, Mom and Pop retail investor will lose money at the expense of Wall Street.
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Disclosure: no positions