Google Answers: General Motors stock

View Question

Q: General Motors stock ( No Answer, 1 Comment )

Question

Subject: General Motors stock
Category: Business and Money > Finance
Asked by: atr-ga
List Price: $5.00

Posted: 17 Nov 2005 21:36 PST
Expires: 17 Dec 2005 21:36 PST
Question ID: 594528

If GM announces plans to or files for bankruptcy, how fast
will the stock drop to $0?

Ok to use Worldcom or Enron as reference.

Answer

There is no answer at this time.

Comments

Subject: Re: General Motors stock
From: jnoble-ga on 18 Nov 2005 01:27 PST

check out this page:

http://www.buyandhold.com/bh/en/education/oak/qa/qa32.html

If they file Ch.11, then theres a good chance the company will issue
shareholders new stocks. But during Ch.11 stockholders stop receiving
dividends.

I would be suprised if GM survives bankrupcy reorganization and its
shareholders get nothing:
- The company's shares are 88.70% held by institutions. 
- The current value of its shares are 12.80 billion while its
estimated enterprise value is 275.14 billion!

Important Disclaimer: Answers and comments provided on Google Answers are general information, and are not intended to substitute for informed professional medical, psychiatric, psychological, tax, legal, investment, accounting, or other professional advice. Google does not endorse, and expressly disclaims liability for any product, manufacturer, distributor, service or service provider mentioned or any opinion expressed in answers or comments. Please read carefully the Google Answers Terms of Service.

If you feel that you have found inappropriate content, please let us know by emailing us at answers-support@google.com with the question ID listed above. Thank you.

Search Google Answers for

Google Home - Answers FAQ - Terms of Service - Privacy Policy