Finally, mainstream investors are wising up to the completely ridiculous assumptions you have to make to justify investing in General Motors. A Deutsche Bank analyst has finally set a target price of GM stock at $0. But here's what will really refuel your ROFLcopter:
GM bonds maturing in less than 3 years now yield SEVENTY-****ING-FIVE PERCENT!!!!!!
(Scroll down to "Last Sale" at the bottom. Thanks to rluser at Marginal revolution for pointing me to a free bond price site.)
The time it takes for investors to Set Things Straight is way too long.
Post a Comment