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AverageTrader

12/03/12 5:13 PM

#14861 RE: stokjockey #14860

What about a govt bailout as in 1979 Chrysler stock
http://www.istockanalyst.com/article/viewarticle/articleid/2940141
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homeslice10

12/03/12 5:14 PM

#14862 RE: stokjockey #14860

If I remember reading the articles surrounding that offer correctly, they bid lower than what they thought it was worth in the form of warrants because there was no guarantee their purchase would be enforced. So with such a guarantee it should fetch more. They seem to be willing to force it to a head one way or the other. Just another reason why government shouldn't get involved in business.
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lionmaker

12/03/12 10:56 PM

#14889 RE: stokjockey #14860

In my opinion it will sell for less than $200M