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Strategies & Market Trends : Value Investing
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To: Spekulatius who wrote (31345)7/1/2008 11:34:17 PM
From: Madharry  Read Replies (2) of 78753
 
I am curious as to your basis for suggesting that GM will likely file for bankruptcy but the preferred might be a good speculation. Unless your are familiar with the ins and outs of the gmac portfolio and have done a thorough analysis of GM pension fundings and assets, which I admit to be clueless about, how can you to offer a reasoned opinion about this? I would assume that gm has lots of gm stock in their pension plan and if gm goes bk that will increase the underfunding of the pension plan by a large amount. I dont presume to know bankruptcy law but as a layperson with a little court experience i dont see how the court will favor preferred shareholders over employee pensions. people familiar with gm and or pension law feel free to comment.
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