Yesterday, August 13, GM stock sold for $20.47 per share, down from its IPO of 33 dollars.
Question: why do you suppose GM stock is so far removed from its Initial Public Offering? Could it be that investors have never seen this stock as "a good deal?" You think?
Add to this reality, the latest in Detroit news:
* 284,000 -- Ask.com
**. 202,000 -- Wikipedia
*** Dealership closings (link)
**** Chrysler sold to Fiat - the loss total in this article has been revised up to 2.5 billion.