Quote:
Originally Posted by Pearlpam
Although shares of General Motors Corp. have almost certainly been made worthless by the carmaker's entry into Chapter 11, the stock's price actually resurged from its lows Monday.GM shares lost more than 22 percent to fall as low as 87 cents in morning trading. It was the stock’s lowest trade since April 18, 1933, according to the Center for Research in Security Prices at the University of Chicago.
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The pink sheet stock is still the old company. The new shares are not that good of a deal with a assets/debt ratio of 1.046 vs. Ford's assets/debt ratio is 0.92.