GM Shares are cheap, invest now
The Treasury is going to receive about 70% of GM as a result of the bancrupcy (though it will likely pay well over 70 billion dollars including the 20 billion it’s already payed).
The UAW will hold around 20% through its retiree health care fund, and bondholders and other parties will get the remaining share.
Shareholders will be pretty much wiped out. GM closed @ $1.15 today, last chance to stock up!
