Page 1 of 12 12311 ... LastLast
Results 1 to 10 of 115

Thread: GM Falls Below IPO Price as Rising Oil Dims Truck Outlook

  1. #1
    Banned
    Join Date
    Jan 2011
    Last Seen
    07-25-13 @ 08:55 AM
    Lean
    Undisclosed
    Posts
    1,951

    GM Falls Below IPO Price as Rising Oil Dims Truck Outlook

    GM Falls Below IPO Price as Rising Oil Dims Truck Outlook - Businessweek

    GM Falls Below IPO Price as Rising Oil Dims Truck Outlook

    Feb. 24 (Bloomberg) -- General Motors Co. fell to the lowest since its initial public offering in November as rising oil prices dimmed the outlook for truck sales after the largest U.S. automakerís most profitable year since 1999.

    GM slid $1.84, or 5.3 percent, to $32.75 at 2:30 p.m. in New York Stock Exchange composite trading. The intraday drop marked the first day GM traded at less than its $33 initial offering price.

    Remember......Obama told us that "we would make a profit" from bailing out the UAW Union of Slobs.........the same for TARP.

    .....if you havent received a GM profit sharing check or TARP dividend check yet.....your in for an eternal wait.
    .
    .
    .

  2. #2
    Guru
    Councilman's Avatar
    Join Date
    Apr 2009
    Location
    Riverside, County, CA.
    Last Seen
    11-04-11 @ 10:16 PM
    Gender
    Lean
    Conservative
    Posts
    4,454
    Blog Entries
    10

    Re: GM Falls Below IPO Price as Rising Oil Dims Truck Outlook

    I can't wait to see how this shakes out.

    Had all the bailout money been handed out to all Americans we would have spent or way out the recession and most of us might be out of debt still.

  3. #3
    Enemy Combatant
    Kandahar's Avatar
    Join Date
    Jul 2005
    Location
    Washington, DC
    Last Seen
    10-15-13 @ 08:47 PM
    Gender
    Lean
    Liberal
    Posts
    20,688

    Re: GM Falls Below IPO Price as Rising Oil Dims Truck Outlook

    Quote Originally Posted by Badmutha View Post
    Remember......Obama told us that "we would make a profit" from bailing out the UAW Union of Slobs.........the same for TARP.

    .....if you havent received a GM profit sharing check or TARP dividend check yet.....your in for an eternal wait.
    .
    .
    .
    What are you pissed off about? It's already been IPO'ed and therefore isn't on the government's books anymore. So unless you own stock in GM, what do you care if it falls below that price?
    Are you coming to bed?
    I can't. This is important.
    What?
    Someone is WRONG on the internet! -XKCD

  4. #4
    Sage

    Join Date
    Jul 2009
    Last Seen
    05-16-15 @ 02:32 PM
    Lean
    Undisclosed
    Posts
    12,537

    Re: GM Falls Below IPO Price as Rising Oil Dims Truck Outlook


  5. #5
    Liberal Fascist For Life!


    Redress's Avatar
    Join Date
    Mar 2008
    Location
    Georgia
    Last Seen
    Today @ 04:02 AM
    Lean
    Very Liberal
    Posts
    93,316
    Blog Entries
    2

    Re: GM Falls Below IPO Price as Rising Oil Dims Truck Outlook

    Quote Originally Posted by The Prof View Post
    Hey look, a 5 month old article making guesses about an event that happened 4 months ago. Unbelievable that you think it is at all relevant to anything.
    We became a great nation not because we are a nation of cynics. We became a great nation because we are a nation of believers - Lindsey Graham

    Quote Originally Posted by Fiddytree View Post
    Uh oh Megyn...your vagina witchcraft is about ready to be exposed.

  6. #6
    Sage

    Join Date
    Oct 2007
    Location
    New York
    Last Seen
    Yesterday @ 12:40 PM
    Gender
    Lean
    Centrist
    Posts
    11,691

    Re: GM Falls Below IPO Price as Rising Oil Dims Truck Outlook

    FWIW, the latest information on the GM IPO/status of government position in GM: Post-IPO, the U.S. Government still holds a 33% stake in the company and approximately $22 billion out of the $50 billion assistance has been repaid. From CNN:

    About $11.8 billion of the proceeds from the sale will go to the U.S. Treasury, which has held a 61% stake in GM since July 2009 in return for the $50 billion bailout that helped GM get through its bankruptcy process. Taxpayers' stake in GM will fall to about 33% of the common stock following the sale.

    Whether or not taxpayers get back all of the $50 billion will depend upon the price of the stock when the remaining shares held by Treasury are sold.
    GM IPO biggest ever - Nov. 17, 2010

  7. #7
    Sage

    Join Date
    Jul 2009
    Last Seen
    05-16-15 @ 02:32 PM
    Lean
    Undisclosed
    Posts
    12,537

    Re: GM Falls Below IPO Price as Rising Oil Dims Truck Outlook

    Quote Originally Posted by Redress View Post
    Unbelievable that you think it is at all relevant to anything.
    LOL!

    thick as a brick

  8. #8
    Banned
    Join Date
    Oct 2010
    Location
    dimensionally transcendental
    Last Seen
    08-15-11 @ 04:31 PM
    Gender
    Lean
    Conservative
    Posts
    7,153

    Re: GM Falls Below IPO Price as Rising Oil Dims Truck Outlook

    great. the goernment bought the GM stock at 43.84/share, sold less than half (so they could maintain control) in the IPO at 33/share... now it's worth 33.99/share?

    what happened to the 'profit' we were promised on this deal?

  9. #9
    cookies crumble
    ARealConservative's Avatar
    Join Date
    Oct 2006
    Last Seen
    04-21-17 @ 09:41 PM
    Gender
    Lean
    Libertarian
    Posts
    14,518

    Re: GM Falls Below IPO Price as Rising Oil Dims Truck Outlook

    Quote Originally Posted by Kandahar View Post
    What are you pissed off about? It's already been IPO'ed and therefore isn't on the government's books anymore. So unless you own stock in GM, what do you care if it falls below that price?
    like pretty much every post of yours, this is a half truth.

  10. #10
    Banned
    Join Date
    Jan 2011
    Last Seen
    07-25-13 @ 08:55 AM
    Lean
    Undisclosed
    Posts
    1,951

    Re: GM Falls Below IPO Price as Rising Oil Dims Truck Outlook

    Quote Originally Posted by Kandahar View Post
    What are you pissed off about? It's already been IPO'ed and therefore isn't on the government's books anymore.
    ....please......

    So unless you own stock in GM, what do you care if it falls below that price?
    Because Im hoping Obama is going to send me a GM Profit Sharing Check along with a TARP dividend check........as soon as "We make a profit".
    .
    .

Page 1 of 12 12311 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •