GM is certianly meeting my expectations of a nationalized company.
The stock is below the IPO price and well below the break even price for the taxpayers to get their money back.
http://moneycentral.msn.com/investor/charts/chartdl.aspx?Symbol=GM&&ShowChtBt=Refresh+Chart&DateRangeForm=1&CP=0&PT=4&C9=0&ComparisonsForm=1&CE=0&DisplayForm=1&D4=1&D5=0&D3=0&ViewType=0&PeriodType=3Their market share, continuing to fall...
Both the cars and managment are meeting government expectations!
http://www.nypost.com/p/news/opinion/opedcolumnists/government_motors_is_still_lemon_BdOQV86lpsfZx5LkTZd7aK
Taxpayers still own about 26 percent of GM, and it looks increasingly unlikely that they'll ever get their money back: The share price would have to rise to more than $54, and it's stuck in the low thirties. Here's why:
GM's management team lacks stability, with Dan Akerson being the fourth chief executive in less than two years (oh, and CFO Chris Liddell recently resigned).
One of Akerson's main focuses has been to ballyhoo the Chevy Volt, but Consumer Reports says GM's hybrid "just doesn't make a lot of sense." More important, it isn't selling -- only 1,210 Volts have sold this year through the end of March.
Yep. Celebrate good times, come on.
