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Non-Tech : GM - General Motors -- Ignore unavailable to you. Want to Upgrade?

To: Investor-ex! who wrote (99)7/21/1998 8:38:00 AM
From: D. H. B.  Read Replies (1) | Respond to of 543
 
Investor

When GM released earnings last Tuesday, they stated that the current stock buyback is being put on hold. The main reason is to preserve cash during the strike, currently $9B.

Dan



To: Investor-ex! who wrote (99)7/22/1998 12:24:00 PM
From: HiSpeed  Read Replies (2) | Respond to of 543
 
Thanx for the input! So, once GM stops buying, who will at these levels? The stock is still relatively close to its high (Within 10%). I'm still surprised it's holding so well. If I were a big shareholder, I'd be rather POd that billions in potential profits were not being made.....FWIW


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