Monday, November 10, 2008

GM Shares predicted to hit Zero!

A Deutsche Bank analyst came out on Monday and downgraded shares of General Motors Corp. to sell from hold, saying the automaker was on the path to bankruptcy before the end of the year unless the U.S. government agrees to a bailout. Deutsche Bank then places at price target of Zero on the stock. That's right people, 0. They predict the common stock of the company will be worthless less than 12 months from now.

No comments: