Looks like Kerkorian made a bad bet in acquiring all that GM stock. Now he's less of a stockholder and more of a "stuckholder" unless he sells at a loss. Maybe he'll be able to greenmail his way to getting his dough back, but that's a long shot.

OK, he's a bright guy who's made millions (billions?), but his investment in GM is a loser.

Nobody's perfect!

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How do you know he's a loser? When did he buy the stock, what stock did he buy at what price? The amount lost is an estimate and when the dust settles and GM stock rises he'll be fat and happy.

Short views of stock performance is just that the short term view. Wait til Monday when GMAC sells off. Much of GM's prfit is from GMAC but it also shows up on it's debt side.

Oh yeah, they said the same thing with Chrysler stock back when they needed help, I bought 2,000 shares back then at about $10 per share sold at $35.

#1 get your checkbook out buy some GM stock, tell me how much you made in about 18 months.

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Like turning down a first class ticket on the Lusitania.

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Richard,

Kerkorian's latest large share purchase (maybe most or all of what he holds) was bought at over $31 per share. He's way in the hole with his shares now.

Yes, GM might be a good long-term hold at current prices, but I doubt it. And does it make sense for an 88 year old to buy for the long term?

I'm sure Kerkorian has his reasons as well as ideas for making a profit and I hope he succeeds so long as all shareholders benefit from his ownership. Greenmail is a real possibility here as happened with GM's buyout of Ross Perot's shares.

I have a few shares of GM that I bought in a moment of temporary insanity about 25 years ago.
There's still a small gain and the dividends are nice, but among my stocks, GM has been among the worst. A cut in the dividend is likely, too.

I've had that crap for a looooooong time waiting for the sleeping giant to wake up. The sleeping giant is more likely to be moribund now.

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