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OT: Buying GM Stock, a steal at $2?
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02-26-2009, 06:04 PM
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urban_legend
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Join Date: Feb 2009
Location: Ann Arbor, MI
Posts: 287
Capital structure
Common stock will be zeroed out soon - burn rate is just to high for GM. they cannot gear down fast enough. Ford is a better choice - and take the bonds over the common stock. You get paid while you wait for the turnaround.
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