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Re: Investors unfazed by GM'S huge loss
Quote:
Originally Posted by AMERICA 123
From the Detroit Free Press - great article (long) covers all sides without all the artificial negativity.
Investors unfazed by GM's huge loss
Cuts under way soften impact of $15.5-billion blow on shares
BY KATIE MERX • FREE PRESS BUSINESS WRITER • August 2, 2008
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"Unfazed"!
The stock lost almost 8% in one day... and sunk briefly into the 9's
Katie decides we are unfazed since we haven't got back to the 8's... Three more days like Friday and we will be in the 7's
She also fails to note that we have pretty much completely "eaten" up all of the "accounting gains" that cancelling the dividend brought... If you compared apples to apples and what the stock would be trading if we still had a dividend... we are back at the 52 week low.
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How many shares of GM do you own? If you love GM and if you love Rick, BUY SOME!
They're going cheap only $20.00, nope 15.50, nope 14.77, nope 13.77... CRAP $11.50 OMG 10.06
Stop the presses! The turnaround has begun... we are back trading in the 12's
Never mind  back in the 10's, 9's, 8's, 7's, 6's, 5's, 4's, 3's $2's, 1.70 Anyone Surprised?
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