Why Selling Your GM Stock Makes Sense, Even If Bankruptcy Is Averted
May 28, 2009 at 09:59 AM EDT
General Motors (GM) is working with bond holders to try and avert a bankruptcy filing. There are reports this morning that an agreement on a proposed debt for equity swap may have been reached. For current GM shareholders the question is pretty simple, should you sell at the current price of $1.35 per share? Well, if [...]