What are the odds that we are going to earn the bailout money back on GM ever?
Consider the math:
GM has received $50.7 billion in taxpayer money ($30.1 billion for DIP etc, $20.6 billion previous capital infusion). When Government Motors comes out of bankruptcy, Uncle Sam will own 60% of it.
At its all time high, GM’s market cap was $56 billion which slid down to ~$7.3 billion prior to chapter 11. (Symbol = GMGMQ.PK)
For the taxpayer to just break even on their investment , the New GM would have to have to reach a market capitalization of $84 billion — almost 150% of its all time peak. That will be tough, even with the new GM’s better capital structure, employee contracts, and much less debt . . .
via What I learned
Top 10 Things the Letters “GM” Stands For (April 2nd, 2009)
Cisco, Travelers into the Dow (June 1st, 2009)
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.