GM's Profits are Still a Huge Net Loss For Taxpayers - Megan McArdle - Business - The Atlantic
WWW.THEATLANTIC.COM - An analyst at Jeffries provides some full frontal snark about GM's recent performance:How many large-cap IPOs have you bought over the last six months in which the issuer already missed initial expectations by 30% and were hit with senior management turnover? This is what seems to have happened at GM since the November IPO, yet few analysts seem concerned. We struggle to understand…
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