Originally Posted by
exilejeff
quick question about BK,
if GM goes into backruptcy and is "in and out in 30 days", what does that mean for shareholders? do they watch their stock drop to pennies and then slowly climb back up, or do they lose all of the shares becoming worthless......or is that only if they don't come out of BK and decide to shut down operations? Reason i ask is i have about 3500 shares of GM.....which were worth some good money and giving some good dividends back in the day, but i wonder if it would be good to just sell at these low prices.....or to hang onto them for the slow rise (if that is how it works)
do you think they will be able to restructure, ditch the union, become profitable?