Chances are you’ve never heard of Capital Research Global Investors. The power-from-behind-the-curtain investment firm is actually one of the world’s largest investment management firms, and has decided to purchase 5.8 percent of General Motors. That’s 92 million shares, $2.3 billion, at $25 per share. And despite the company’s stock dropping 45 percent over this time last year, the firm considers The General a strong buy. So, does this forecast GM’s stock to rise to $53 per share so that the U.S. Treasury can pull out without losing a dime? Wouldn’t we all like to think so?
Capital Research Global Investors Purchases 5.8% Of GM
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