Quote:
Originally Posted by Ducay
The creditors pretty much own all their assets. If GM couldn't find a buyer for itself (after spinning off whatever subs it can), it would be sold off piece by piece to repay creditors etc.
And here I was thinking I was dumb to bail at $3/shares
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Don't get me wrong, I'm not saying that people ought to run out and buy as many shares as they can afford. But to own some bonds or preferreds might not be too bad; you're going to own something of value at the end of the day whether GM comes back as is or otherwise.