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Title: How the mighty have fallen, Pt. 3 Post by: MFAWG on July 02, 2008, 05:40:52 PM Bill Durant (who managed to drive his company into bankruptcy and then buy it back without any help from anybody) and Alfred Sloan weep:
http://news.yahoo.com/s/ap/20080702/ap_on_bi_ge/auto_stocks;_ylt=AiKcJxifXjYtI8jrtGWBAwqL_bIF Quote NEW YORK - Shares of General Motors Corp. plunged Wednesday to close below $10 for the first time in more than half a century, on worries about the company's cash needs and speculation about a possible bankruptcy protection filing down the road. Title: Re: How the mighty have fallen, Pt. 3 Post by: spacey on July 02, 2008, 05:43:32 PM Excellent. Aske's evil plan is finally beginning to come to fruition.
Title: Re: How the mighty have fallen, Pt. 3 Post by: birdymaker on July 03, 2008, 06:34:45 AM not as far as a certain analyst would have you believe. ;)
http://articles.moneycentral.msn.com/Investing/Dispatch/080702GMBankruptcyFears.aspx Title: Re: How the mighty have fallen, Pt. 3 Post by: gleek on July 03, 2008, 07:56:24 AM 15% yield on GM's bonds. [sm_shock]
That's about as junky as you can get. You can make a killing if GM can stay solvent until maturity. Title: Re: How the mighty have fallen, Pt. 3 Post by: stroh on July 03, 2008, 08:37:45 AM Live by the Hummer; Die by the Hummer.
At least you had Hummers. Title: Re: How the mighty have fallen, Pt. 3 Post by: Aske on July 03, 2008, 10:33:48 AM LMAO
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