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.