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

[John Thornton]

Doug Henwood wrote:
>
> 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 

You know I didn't ask them what specifically they were buying. They just 
told me they were "buying Ford and buying GM" and I didn't ask for 
particulars.
I will speculate on what may or may not happen just for fun but I won't 
be buying stocks based on it.

John Thornton