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Reader Comments for
Subscribe to this threadSuzuki shares on the upswing after GM stock dumpage
(Page 1 of 1)
Carpenter @ Mar 29th 2006 2:25PM
No longer saddled with a huge 900 pound blood-sucking leech (GM) would make any company's stock go up.
When does GM get so desperate for money that it sells off (GM)Daewoo to Suzuki, which owns part of it, or sells their stake in it to Shanghai Auto of China, which also owns a small stake in it?
I can tell you this; once (not if) GM sells off Daewoo, you know that time is short for the existance of that company.
Ironic, isn't it, that everyone thought Daewoo was a "loser" and in fact it has been the smartest thing GM ever did (to buy into it for pennies on the dollar). Of course, it makes a huge profit for GM.
That's why they'll sell it off. They're selling off all of their family jewels, silverware and everything valuable (read: able to make a profit) in order to raise money in an attempt to survive. Sad.