Will rdh-web admit he has been wrong about GM stock?
Once the government completely exits, GM will be free from government pay restrictions and will again be able to pay a dividend on its common stock.
Sterne Agee auto analyst Michael Ward said in a report that “we believe the exit will be complete by year-end, which, in our view, is a positive catalyst for the stock.”
((((Will rdh-web admit he has been wrong about GM stock? Once the government completely exits, GM will be free from government pay restrictions and will again be able to pay a dividend on its common stock.))))
If GM has any intentions of paying a dividend, they do not indicate this in their 10Q. Quite the contrary jeyedolt. May I direct your amazingly short attention span to your GM 3Q13 10Q, Liquidity Overview, page 48, which says:
"....we expect to have substantial cash requirements going forward which we plan to fund through total available liquidity and cash flows generated from operations. Our known material future uses of cash which may vary from time to time based on market conditions and other factors include, among other possible demands: (1) reinvestment in our business through capital expenditures of approximately $8 billion annually as well as engineering and product development activities; (2) acquiring Ally Financial international operations, as subsequently discussed, for approximately $0.9 billion; (3) payments to service debt and other long-term obligations; and (4) payments relating to our Series A Preferred Stock dividends and to purchase the remaining outstanding shares of Series A Preferred Stock with a liquidation amount of $3.9 billion once the shares become redeemable on or after December 31, 2014. "
Sorry suckas, N O D I V V I E F O R Y O U!
PS: They have now acquired Ally Financial in case you were wondering about that