When I read this in the release: "The French state will also accept new shares in exchange for cancelation of another 300 million euros ($360 million) of Alstom debt it currently holds in the form of subordinated bonds. The government's role in the bailout will increase its stake in the company to 31 percent, Kron said."
As someone who would rather see free capitalism, it made me wince a bit. But then I thought, if the Gov't has this much at stake, what are the odds they'll let this stock go to zero?
Not a chance in hell, I figured. So, even though they're rigging the game, maybe it's a good thing in the short term that gives us buying opportunities while this stock is being bashed around. Any thoughts???