Date: Sat, 23 Apr 2005 03:39:07 GMT From: dxyzcnospamam.com Subject: Re: GM posts $1.1 billion loss
On 4/22/2005 4:20 AM, MH wrote: >>... In the meantime watch there stock its a good >>buy right now and its paying a 7.8 % dividend > > > Look here for their stock price. > http://www.nyse.com/about/listed/lcddata.html?ticker=GM&fq=D&ezd=1Y&index=5 > > Stock price has dropped over 50% over the past year, from a highest $50.04 > to a lowest $24.67, dividend was $2/share. > > ( "billion" here is a US billion; $1000 000 000, not $1000 000 000 000 - > fortunately) > http://finance.yahoo.com/q/bc?s=GM&t=1y I wonder if GM will again distribute some of their stored cash in a dividend even though it is going to lose money this year. This is one company am going to be watching for stock buying opportunity. If it dips below 20 and they reduce some HR costs and start marketing better, I may buy. GM just has to stay away from junk bond status at all costs (no pun intended).