The sap has been very vocal that the United States will never recover the investment they made in GMs restructuring-the magic number for the US Gov to make a PROFIT on GM is 51-
at $37.06 todays sap-o-meter is
$53.07 is the new break even price.
GM's new FAIL pricing as of yesterday's close is $31.28
Therefore the Sap-O-Meter is $21.79.
That's right; over $21 a share away from GM being able to claim the taxpayer broke even.
Now when are we gonna talk about that repayment WITH INTEREST that we were all promised over and over? What's the interest rate we're going to get?
only because the market is made up of nervous nellies-I wish MAllen would predict $200 oil again
you sap when the mideast calms down oil will come down and GM will be on the way up-
we have along time until 11-7-12
Jeyedolt and Jeyehawky,
Even if MAllen didn't predict $200 for oil, I WILL.
The problem you morons have is an inability to see obvious changes happening to your old comfortable paradigms. The old dollars for oil ratio always stayed below a certain limit, so you think that law will continue forever.
But that was before we had Mr. Printing Press-ident in the Oval Office. Now, all bets are off.
Why do you think gold is skyrocketing? You think it's because 2011 gold is made better? Maybe it's fancier? Higher tech? More refined? Heck no! Simply put, your dollar isn't worth squat compared to what it was before. Price of gold merely reflects that. You get the same 1 ounce of gold for $1400 today, that you paid $280 for in 2001.
We saw $95 per barrel oil in 1980. That would be over $250 in 2011 dollars.
<<<<todays sap-o-meter -18.05 only because the market is made up of nervous nellies>>>>
....and weapons grade morons such as yourself, without whom the price of GM would be far lower.
ATTENTION DEAR READERS: I'm taking over the New Sap-O-Meter today since Jeyehawky is apparently too ashamed to post it daily like he used to. Anyway, the Sap-O-Meter is named after me, web, whom he calls "The Sap" for being negative on New GM stock. The Sap-O-Meter was Jeyehawky's way of showing folks how very few dollars we had to go to reach $51 per share, his mistaken idea of GM stock's price level for the taxpayer to break even. He didn't plan on the number to keep getting bigger.