GM to GUM: Government Union Motors - How to Protect Against Losses with Stock Options | PowerOptions Web Log
General Motors (GM) on June 2, 2009 suspended trade on the New York Stock Exchange. One of the big three automakers and an icon in American business since 1908, the collapse and subsequent filing for bankruptcy has illustrated General Motors’ inability to keep the company profitable and viable. In requesting from the US government financial assistance, General Motors has transitioned to Government Union Motors. GM was once considered a stable investment with a stock history that had shares trading at $61.25 during June 1999, $45.62 during June 2004, $17.68 during June 2008, and prior to the stock suspension dipped to a mere twenty-seven cents a share. The value of the stock loss is staggering and indicative of GM’s inability to streamline costs and increase sales in an economy that was in a downturn direction. Unfortunately, when GM does emerge from bankruptcy, that common stock will be worthless. Sign up now...
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