t********m
发帖数: 54 | 1 GM's equity=91 - 177=(-86 billion)!!! at the end 2008. Some banks don't even
have that much cash. As of 12/31/08
* WFC has 23 billion cash
* BAC has 42 billion cash
* JPM has 165 billion cash
* C has 199 billion cash
* GS has 122 billion cash
* MS has 137 billion cash
Many companies even don't have that much asset
* BA only has 53 billion asset
Is ther any risk to short GM? Any Quants on this board? | b****e
发帖数: 460 | 2 I don't think there will be money left for common shares when GM goes
through Chapter 11. And, I don't think there is some buyer for GM at all.
But, at $1B market captical, the fate of common shares can be easily
manipulated in bankruptcy court. For example, there could be an agreement in
the court stating that GM will issue new stocks and former shareholders
will have option to buy new stocks at a discount. So, it can be complicated.
BTW, It's better to short it when it was trading at $30 per s
【在 t********m 的大作中提到】
: GM's equity=91 - 177=(-86 billion)!!! at the end 2008. Some banks don't even
: have that much cash. As of 12/31/08
: * WFC has 23 billion cash
: * BAC has 42 billion cash
: * JPM has 165 billion cash
: * C has 199 billion cash
: * GS has 122 billion cash
: * MS has 137 billion cash
: Many companies even don't have that much asset
: * BA only has 53 billion asset
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