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2008-11-10 Home Front Economy

GM stock takes on aerodynamic charistics of a falling brick

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Posted by GolfBravoUSMC 2008-11-10 11:28|| || Front Page|| [4 views ] Top

#1 I believe the approved terminology is "home-sick brick"...

Posted by mojo">mojo 2008-11-10 14:23|| 2008-11-10 14:23|| Front Page Top

Page-busting Link fixed.

Deutsche Bank views GM shares as worthless
By Simon Kennedy
Last update: 8:09 a.m. EST Nov. 10, 2008
Comments: 82
LONDON (MarketWatch) -- Deutsche Bank downgraded General Motors Corp. (GM:
General Motors Corporation
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Last: 3.36-1.00-22.94%
4:01pm 11/10/2008
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GM 3.36, -1.00, -22.9%) to sell from hold, with a price target of $0, saying the car maker may not be able to fund its U.S. operations beyond December without government intervention. Deutsche Bank said it believes the U.S. government will be compelled to intervene through a capital infusion or loan. "Without government assistance, we believe that GM's collapse would be inevitable, and that it would precipitate systemic risk that would be difficult to overcome for automakers, suppliers, retailers, and sectors of the U.S. economy," the broker said. Even if GM avoids bankruptcy, equity shareholders are unlikely to get anything back, it added.

Posted by Bright Pebbles 2008-11-10 16:42|| 2008-11-10 16:42|| Front Page Top

#3 Hey, the F-4 proves beyond a doubt that if you have enough power, even a LEAD brick will fly...

Posted by Old Patriot">Old Patriot 2008-11-10 18:56|| http://oldpatriot.blogspot.com/]">[http://oldpatriot.blogspot.com/] 2008-11-10 18:56|| Front Page Top

#4 Well GM will only be a phantom soon.

Posted by Bright Pebbles 2008-11-10 20:04|| 2008-11-10 20:04|| Front Page Top

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