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| Home Front Economy |
| GM stock takes on aerodynamic charistics of a falling brick |
| 2008-11-10 |
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| Posted by:GolfBravoUSMC |
| #4 Well GM will only be a phantom soon. |
| Posted by: Bright Pebbles 2008-11-10 20:04 |
| #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 2008-11-10 18:56 |
#2
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 News, chart, profile, more Last: 3.36-1.00-22.94% 4:01pm 11/10/2008 Delayed quote data Add to portfolio Analyst Create alert Insider Discuss Financials Sponsored by: 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 |
| #1 I believe the approved terminology is "home-sick brick"... |
| Posted by: mojo 2008-11-10 14:23 |