[lbo-talk] Analyst: Game over for GM stockholders; shares fall 21%

Doug Henwood dhenwood at panix.com
Wed Dec 24 10:45:07 PST 2008


On Dec 23, 2008, at 3:57 PM, John Thornton wrote:


> I know a few people who are buying Ford and GM (not Chrysler
> however) on the belief that the new administration will simply not
> let these two fail

If you want to speculate on that (or any other deeply troubled corp), buy the bonds, not the stock. The stock could well go to 0. I don't know what the bonds are trading at now, but they probably won't go to 0.

Doug



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