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General Motors Company Message Board

  • iffydog iffydog Nov 30, 2012 10:32 AM Flag

    500 million shares held by Feds


    300 million shares held by UAW and Canada. Never go much higher until after the Feds and Canada sell their shares! That is 50% of total outstanding GM stock!

    Sentiment: Strong Sell

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    • General Motors (NYSE: GM) was one of the biggest victims of the recession in 2009. They had started to anticipate this as early as in 2005, and thus had reduced expected earnings by almost 50%. But after taking a bailout from the government they did not take things for granted; rather they became much more aggressive in all business frontiers. This was clearly visible in the sales figures of 2011, when they dominated the entire market. The brand of GM comes with a huge trust facto,r especially Chevrolet. Chevrolet Silverado PU (its top selling vehicle in U.S. ), along with Chevrolet Equinox and Cruze, are its major performers.

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