11-10-2008, 11:13 PM
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Administrator
Join Date: Nov 2007
Posts: 14,869
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GM's Stock Price Target is $0
As if General Motors hadn't had enough bad press with last week's record losses, today they were greeted with a stock price forecast of $0 from an analyst from Deutsche Bank AG.
Here's a link to the news report: http://www.bloomberg.com/apps/news?p....ul_A&refer=us The report indicates that GM's stock price could fall to $0 within the next 12 months because the U.S. Government will likely have to offer some type of assistance package that will wipe-out shareholder value. GM's shares closed the day at $3.36 - the lowest level since 1949. 
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