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Buddha
Buddha's picture
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Last seen: 2 years 8 months ago
Joined: Sep 8 2005 - 10:24am
GM IPO....do you buy it or short it?

GM will sell 365 million shares, or about a quarter of the company's outstanding common stock, for between $26 and $29 a share.

Is it a buy or a short?

That IPO price is based on a 16:1 PE ratio, so it seems realistic for it to rise a little.

It needs to hit 50 for the government to get all its money back.

I will predict it will pop to 40 and be hovering around 36 in January.

j_j
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Last seen: 2 years 1 month ago
Joined: Mar 13 2009 - 4:22pm
Re: GM IPO....do you buy it or short it?

Just like Chateau Nuisse San Wagga Wagga, methinks.

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