dimpy.handa
Dimpy Handa
GM's IPO is a political event to score poltical points, but investors are advised to "stay far away" by the author of this article.
I have always stayed clear of IPO's. I adhere to the principle "IPO stands for 'Its Probably Overpriced'. However, the foggy haze that most IPO investors wrestle with look crystal clear in comparison to this government issued gem. Here are some questions raised by me:
-- What is General Motors?
-- How they going to deal with losses in Europe?
-- What's the plan for the underfunded pension?
-- How much money are they going to raise?
-- How many shares are the U.S. government and UAW going to sell?
-- What's the dividend on the preferred stock?
-- How will the preferred trade visa vis the common?
-- Will the government make back its $50 billion "investment"?
I have always stayed clear of IPO's. I adhere to the principle "IPO stands for 'Its Probably Overpriced'. However, the foggy haze that most IPO investors wrestle with look crystal clear in comparison to this government issued gem. Here are some questions raised by me:
-- What is General Motors?
-- How they going to deal with losses in Europe?
-- What's the plan for the underfunded pension?
-- How much money are they going to raise?
-- How many shares are the U.S. government and UAW going to sell?
-- What's the dividend on the preferred stock?
-- How will the preferred trade visa vis the common?
-- Will the government make back its $50 billion "investment"?