Government Motors no more

The Treasury Department may sell its remaining shares of General Motors. Is that good news for investors?

By Motley Fool Investor Beat Nov 21, 2013 1:02PM
Shares of General Motors (GM) were up Thursday on the news that the Treasury Department may sell its remaining 31.1 million shares of the company as early as the end of this year.

The government has already sold back over 70 million shares of the company, and says that if the market remains strong it will completely exit its position before 2014. Motley Fool Analyst Matt Koppenheffer thinks that, while it’s good news that the government is getting its money back, the Treasury Department could have held on a little longer and seen a better return on its investment.
Meanwhile this is definitely good news for GM investors, as the company is stronger than it was pre-bailout and will be in a better place without government ownership.

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Tags: GM
5Comments
Nov 21, 2013 2:19PM
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Thanks obo for another failure. But then again your only goal ever was to buy votes.
Nov 22, 2013 5:04PM
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Government Motors no more??????  Not quite. The Obama administration broke the law bailing out the GM pensioners in full while the preferred share holders got almost nothing. Until GM pays back the 10 billion dollars plus interest that the US government lost on them - they will always be known as "Government Motors".  
Nov 24, 2013 12:35PM
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Most General Motors don`t realize that THEIR UNION is paying the GM pensions.This is

a success story.Most people arn`t smart enough to know this.

Nov 21, 2013 8:28PM
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So who long before GM blows the wad and goes under again? 10, 20 years>
Nov 22, 2013 8:56AM
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Hell, That ain't nothing.....Just the price of 1 or 2 Aircraft Carriers....THAT WE DON'T NEED...
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