Tuesday, September 18, 2012

The US Bailout Investment In GM Lost $15 Billion On A Market Value Basis

From The Wall Street Journal, "Treasury Motors: If GM is 'roaring back,' why won't Obama sell our shares?"
But the Administration is refusing GM's stock buyback because it would mean losing billions of dollars on this "investment." The auto maker's shares are trading around $24, which is not merely a tumble from the November 2010 IPO price of $33 but means the government would lose $15 billion if it sold today.

GM's share price needs to hit $53 for the U.S. to break even.


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