Lehman ABS CorTS 2001-08 7.375% General Motors (CCYPQ)

[Superfly15]

Only in America can you watch the biggest fall from grace and rise again. Thats the great thing about this country. I would not call it a "resounding success" though lol, the thing trended down all day. I suppose after all this time though there were many bondholders / union workers / etc that wanted to see a little of their cash back after that debacle.

I think GM will go up given time, just requires patience...SIX, CIT, AXL, PIR, DAN, VSTO are a few examples of BK or near BK companies that have done very well after surviving. ABWTQ (ABI) will be another that follows suit, albeit after screwing its legacy shareholders and creating new stock.

imo