Hey, here’s a new and exciting deal. Buy a car; get 100 shares of GM stock. “Join us in jump starting America,” says the sales pitch. Unfortunately, GM’s shares are trading at 66 year low today as a bailout looks doubtful.
Assuming defeat, GM would have to ‘run on fumes’ until the next Congress and Administration, unless Congress were to reconvene in December to address emergency compromise legislation,” [Barclays Capital analyst Brian] Johnson said in a research note.
So, what do you think? Gonna buy a car to get those free shares?
UPDATE 1-GM shares at 66-yr low amid bailout doubt [Reuters]
[Jim Coleman Cadillac] ty(Thanks, Dan!)