What does this mean? As far as the U.S. Treasury is concerned, it means there’s as much as $15 billion to be lost if it were to cash out now with current trading prices, but there doesn’t seem to be any indication of that happening soon.
The automaker’s profit margin shrinks while failing to keep up with inflating revenue.
If Uncle Sam was to sell tomorrow, he would lose roughly $16.5 billion of the $49.5 billion investment that was put into the company, which is obviously less than ideal.
General Motors is in the best fighting shape in 50 years, says GM CEO Dan Akerson. But we wonder about the less tangible societal debt, if there ever was such a thing.
Considering the relatively low trading price of GM’s stock these days, you might as well purchase a few shares.
General Motors reportedly plans on holding on to its $33.8 billion in cash reserves for a little while longer.
It probably has something to do with that $34 billion in revenue the company has been building up on.
GM’s current trading price per share has reached a new low since it re-entered the stock market this past November.
The General Motors Board Of Directors have approved a quarterly dividend worth roughly $.59 per share of its Series B mandatory convertible junior preferred stock.
This is also coming from a firm that thought subprime lending was a good idea…
The bottom line will ultimately rest on just how much money Uncle Sam will make off of The General’s stock, whenever it happens to be sold.
All remaining assets of “Old GM” are expected to be sold off by year’s end.
According to The Detroit News, Akerson’s current stock total is sitting pretty at 50,000 total shares.
Fortune magazine recently released their Fortune 500 list and GM has clawed their way back into the top ten.
However, Akerson will not begin to receive the shares until March 2012.
The General ends its alliance with Ally.
GM says Happy Saint Paddy’s day in the best way possible, by giving its current shareholders money.
According to a report from the Detroit News, the United States Treasury has plans to cut its losses and walk away from its ownership of General Motors by selling its[…]
A trio of Wall Street’s biggest movers and shakers have gone and purchased a combined $384 million worth of General Motors stock, just days before the company will disclose its[…]
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