Monday, November 10, 2008

this is a new one zero price target – this is 2008/9 depression stuff

GM Cut to `Sell' at Deutsche, With Target of Zero

General Motors Corp. was downgraded to ``sell'' at Deutsche Bank AG, which set a share-price estimate of zero, and was cut to ``underweight'' at Barclays Capital. GM fell 12 percent to $3.83 at 8:55 a.m. before regular New York Stock Exchange composite trading. The biggest U.S. automaker said Nov. 8 it may not have enough cash to keep operating this year and will be ``significantly short'' by the end of June unless the auto market improves or it adds capital. ``Even if GM succeeds in averting a bankruptcy, we believe that the company's future path is likely to be bankruptcy

Posted by mark @ 02:03 PM (553 views)
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2 thoughts on “this is a new one zero price target – this is 2008/9 depression stuff

  • planning4acrash says:

    The big boys must bring it to zero to get a good deal for Goldman Sach’s when they purchase it, with taxpayers money, at pennies to the pound, or, cents to the dollar. You know what the shadow banking system want to buy when they try to undervalue it. Hits of a bailout are enough to send stocks to zero, because shareholders know that they will get nothing.

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  • P4AC – does this mean GS have a new strategy? ie Trash it, buy it, ramp it, sell it, short it

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