It’s way too early to pass judgement on General Motors return to the stock market, but that isn’t stopping analysts, politicians and others from having their say.
Here’s a sampling of what’s being said, including a video from the White House blog. So far, most of the chatter has been positive, but what will the experts be saying a year from now?
White House White Board: The Rebirth of the American Auto Industry
SmartMoney: The General Motors Bait-and-Switch
Barron’s: The Other Way to Play GM
MarketWatch: GM shares retreat some from re-entry gains
MarketBeat – WSJ.com: GM Stock: Trading but whtih training wheels
Photo: (AP Photo/Paul Sancya, file) In this file photo taken Thursday, Nov. 18, 2010, General Motors headquarters are shown in Detroit. Shares of the reborn General Motors lost momentum in early trading Friday, Nov. 19.
Nothing like a buy out offer to fatten up your share price.
Three weeks ago Gerdau Ameristeel, which has been producing steel in Knoxville for a long time, announced that Brazilian steelmaker Gerdau wanted to buy all of the shares of Gerdau Ameristeel that it didn’t already own. Since then GNA shares have zoomed — rising nearly 40 percent, making it one of the market’s best performing steel companies of the last few months.
On one day alone the company’s stock price soared more than 54 percent.