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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: i-node who wrote (562162)	4/21/2010 1:58:50 PM
From: bentway	Read Replies (1) \| Respond to of 1578105

"I could be all wet, of course" Dave, you CAN learn and grow!

To: i-node who wrote (562162)	4/21/2010 2:04:09 PM
From: tejek	Respond to of 1578105

>>> We OWN 61% of GM. When they emerge from bankruptcy, and are re-listed, it's likely that that stock will pay back every cent they owe us, and a LOT more. They "emerged" from bankruptcy last July. What has happened today is nothing more than a PR event. GM has not made any money, at least not in publicly available financial statements. Since they emerged from Ch.11 last year, through 12/31, they have lost some $4 Billion. So? The auto market only started to recover last fall. Very few if any car companies made money in the fall quarter. In effect, they handed back to the federal government money that might have been part of the $22 Billion they were left with after Ch.11, or that could have been borrowed from someone else -- we just don't know. Or maybe they made a little money in Q1 that we don't know about yet. What you continue to ignore is their change in attitude. They now feel confident enough to make that repayment earlier than expected. That's a significant change from last fall and I think their earnings report for the first quarter will be very interesting. They are NOT going to be "re-listed". They will have an IPO -- new shares issued, which dilute the shares held by the federal government. Who cares about dilution so long as they pay the feds back. Of course, then you all will have nothing to complain about. The federal government stands little chance of getting its equity back, and frankly, will likely take a huge beating and because of that no is going to want to sell those shares because the news will report the huge loss that is being taken. Why? TM has 4 billion shares outstanding. At ten bucks per share, the feds get paid back. I could be all wet, of course -- but logically, it is hard to see how we ever get out from under these shares. You are not using logic. You are using ideology.