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Title: I'd buy in for 10000 shares @ $0.01 Post by: Aske on November 10, 2008, 12:25:59 PM http://online.wsj.com/article/SB122633261247513857.html?mod=testMod [sm_shock] [sm_shock] [sm_shock]
Title: Re: I'd buy in for 10000 shares @ $0.01 Post by: stroh on November 10, 2008, 12:33:01 PM What is it a golf tournament?
Quote Barclays now targets GM shares at $1, while Deutsche Bank slashed its target price to zero. Title: Re: I'd buy in for 10000 shares @ $0.01 Post by: Aske on November 10, 2008, 03:40:34 PM Think about it, you can , for $100 (at a $0.01 price point) lay ownership to about .002% of GM.
Regardless of whatever happens to the company (and your $100 "investment") that would make an awesome story to tell your kids . Very few people could ever have claimed to own that kind of stake LOL. For around $100k you could own 2% But really, the current market cap is about what, $1.5 B? I'm surprised someone isn't buying them up just to sell off the assets Title: Re: I'd buy in for 10000 shares @ $0.01 Post by: Aske on November 10, 2008, 03:57:24 PM to buy approx .002% of toyota, for example, would cost about .... $2M
Title: Re: I'd buy in for 10000 shares @ $0.01 Post by: gleek on November 10, 2008, 05:08:57 PM Why would the gubmint loan billions of dollars to GM when they could just buy the entire company for $2B?
Title: Re: I'd buy in for 10000 shares @ $0.01 Post by: Aske on November 10, 2008, 05:42:35 PM Why would the gubmint loan billions of dollars to GM when they could just buy the entire company for $2B? good ? let the gubmint run it and lose $20B a year but potentially get the profit if it's ever turned around. |