It looks like it worked

**rock_lobster** · 08-18-10, 04:25 PM

Originally Posted by triggerhappy2005

It worked Draco. Just let it go.

Well since you put it that way............

**CivilWars** · 08-18-10, 06:28 PM

I hope they are right, but this part casts some doubt for me on their math:

Stock of rival Ford Motor (F, Fortune 500) has a market value of only $42 billion, and that's after a gain of more than 50% over the course of the last year. In its history, GM stock has never had a market value greater than $61 billion, reaching that level in May of 1999.

**Alundil** · 09-04-10, 01:42 AM

Ooops
http://uk.reuters.com/article/idUKN0315109920100903

The U.S. government is likely to take a loss on General Motors Co [GM.UL] in the first offering of the automaker's stock, six people familiar with preparations for the landmark IPO said.

Subsequent offerings of the government's holdings may be profitable depending on how investors trade the newly listed stock, the sources said.

But the question of whether taxpayers are ultimately made whole on GM's $50 billion bailout could be left open for years, the people said.

**triggerhappy2005** · 09-04-10, 03:07 AM

From the article:

"A decision to price the initial GM shares below the cost to taxpayers would follow the usual Wall Street practice of giving the first investors in a new stock a discount, but it could also help allay investor concern in the face of the slow recovery of the U.S. economy and flat auto sales."

**Muqtar SGT_Clintok** · 09-04-10, 07:30 AM

Are the guys over at reason mistaken, or is this video too dated ?

And I do realize this would have been more appropriate earlier in the thread.... It still deals with the original subject of the thread rather than the wet mush IPO they are pushing now.

IMO stock in GM is just as alluring as stock in the EPA or FDA....

**CivilWars** · 09-04-10, 09:25 AM

Originally Posted by triggerhappy2005

From the article:

A decision to price the initial GM shares below the cost to taxpayers would follow the usual Wall Street practice of giving the first investors in a new stock a discount, but it could also help allay investor concern in the face of the slow recovery of the U.S. economy and flat auto sales.

There is a HUGE difference in an IPO of a first time traded company (see how much initial investors in Dell, Google, etc profited at the "lower" rates offered to initial investors), and an IPO of a company that billions of tax dollars have already been dumped into. The "value" of the company has been set by the bailout money given to them. IMO anything less than that paid back to the tax payers is not evidence that "it worked."

**WickedTribe** · 09-05-10, 10:19 AM

Originally Posted by Muqtar SGT_Clintok

Are the guys over at reason mistaken, or is this video too dated ?

And I do realize this would have been more appropriate earlier in the thread.... It still deals with the original subject of the thread rather than the wet mush IPO they are pushing now.

IMO stock in GM is just as alluring as stock in the EPA or FDA....

Is that Rod Blogoyovitch?