For all those getting all lathered up about the GM IPO today, let's look at one number in particular:
1. Range 34.65 - 35.99
2. 52 week 0.27 - 35.99
3. Open 35.00
4. Vol / Avg. 240.63M/76.62M
5. Mkt cap 21.58B
6. P/E -
7. Div/yield 0.25
8. EPS -58.56
9. Shares 610.56M
10. Beta 1.37
Number 8: Earnings per share. -58.56.
Who in their right mind offers a stock to the public with that number? Who in their right mind buys it? Fraudsters require willing marks, willing to be defrauded. It isn't like they haven't been warned...
And, as for that slogan, Let The Best Car Win, well, they really mean that, ya'll. 'Cuz they have learned, that no matter how badly they behave, the taxpayers at the state and federal level will simply be handed the bill when 'The Best Cars', made by Ford, Hyundai, and Toyota, win.
No comments:
Post a Comment