General Motors Financial Status
05-04-2005, 01:27 PM
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General Motors Financial Status
Didn't see this anywhere else.
More of GM's financial woes highlighted in this article. Wonder if Kerkorian is interested in "just investment", or much more.
http://biz.yahoo.com/ap/050504/gm_kerkorian.html?.v=13
More of GM's financial woes highlighted in this article. Wonder if Kerkorian is interested in "just investment", or much more.
http://biz.yahoo.com/ap/050504/gm_kerkorian.html?.v=13
05-04-2005, 08:00 PM
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Well, the stock price was $27.77, he buys them for $31 (very generous),
everyone is excited, the stock price jumps to $32.80.
He could sell next day and make $1.80 on each (he bought 28 million shares) = 50 mill profit.
Well, just laugh at me, I've never bought stock, so I probably overlook something like transaction fees that would eat profits up.
Maybe he really wants to help GM, not just make more money. < dreaming >
everyone is excited, the stock price jumps to $32.80.
He could sell next day and make $1.80 on each (he bought 28 million shares) = 50 mill profit.
Well, just laugh at me, I've never bought stock, so I probably overlook something like transaction fees that would eat profits up.
Maybe he really wants to help GM, not just make more money. < dreaming >
05-05-2005, 08:47 AM
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Looks to me like he wants to take some shots at their board. He attempted to make the same move with Chrysler until Mercedes intervened.
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