As we write this, GM’s stock is hovering around $21 per share — a $14 drop since its IPO price a year ago. And this begs the question: will GM’s stock ever reach $50 a share — a price at which the U.S. Treasury can sell its remaining shares and break even on the bailout? If you answered yes to that, then our next question is when?
The GM Authority Take
Let’s keep in mind that the share price of a publicly-traded company oftentimes does not reflect its real-world performance, guidance, or otherwise. So it may be unwise to chase an artificial number and loose focus of the actual goal, which is to make the best cars, trucks, and SUVs that people love, and subsequently, buy.
Photo Credit: Flickr user cletch