3 ms·
This is incorrect. MTLQQ is not really GM. GM's valuable assets (the car making and whatnot) have been transferred to a new private company that is owned by th
by falsestprophet 17y ago
This is incorrect.
MTLQQ is not really GM. GM's valuable assets (the car making and whatnot) have been transferred to a new private company that is owned by the "old GM's" debtholders.
This "new GM" is planning an IPO in 2010. It will be a reasonably healthy company and a real candidate for serious investors.
So if the author is talking about investing in MTLQQ, then he is totally clueless.
- dandelany 17y agoAh, you're right, I misread the original statement. I still think an investment in the "new GM" will be a riskier and more speculative play than an investment in Tesla, which is already profitable, but that's just a difference of opinion. On another note, your tendency to end every comment with a rudely worded ad hominem disturbs me.
- deleted 17y ago[deleted]