Government Motors no more
The Treasury Department may sell its remaining shares of General Motors. Is that good news for investors?
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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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.
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