auto industry :: Sound Mind Investing

Post tagged with auto industry

GM stock: when investing turns into gambling

August 26th, 200910:04 AM ET

By Mark Biller

USA Today ran a story last week about recent trading in old GM stock. General Motors, of course, declared bankruptcy while saddled with huge amounts of outstanding debt, making it virtually certain that their old stock will wind up being completely worthless. So why do millions of shares continue to change hands each day? There are two reasons...

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