Open Question

GM Optional Convertible Preferred (GPM)- anyone know how safe the dividend is?

In general, how safe is preferred vs common? Do both get wiped out with a
bankruptcy? Not worried about GM with this, just curious.

thnx

Asked by bluetune 2 months ago - 3 answers - 207 views
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gm has been on my official POS list for some time now, if you even think that
you will make a bundle on them , let me make a small suggestion. the only way it
will happen is if you put down a few hundred k, and wait for a 10 cent pop then
get right out. other wise, gm wont be back to even 20 bucks a share for another
10 yrs, i have the patience. but not for sleeping dogs....chris

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belly-up or not, the dividends of GPM and HGM are almost cetain to get slashed.
If GM threatens bankruptcy, how likely are they to get bailed out, as Chrysler
did under Lee Iococa in the early 1980's? True, your chances of actually getting
paid a big dividend are much better (but still not guaranteed) with an energy
trust such as SJT, PBT, etc.

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im getting to a place where i think the best thing GM could do for GM, is go
bankrupt. they have cash, but they have debt, doing that would clear their debt,
and then they wouldnt have to worry about shareholders and could take the pain
the company needs to.

whats wrong w/ muni's? nat gas trusts?

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