GM shares plunge after analyst sees them hitting zero
Mon Nov 10, 1:12 pm ET
NEW YORK (AFP) – General Motors shares plunged more than 30 percent Monday after an analyst forecast their price would fall to zero, saying that even if there is a government bailout of the auto giant, shareholders would not benefit.
"We are lowering our target on GM equity to zero dollars," the Deutsche Bank report said.
"Even if GM succeeds in averting a bankruptcy, we believe that the… Continue
Posted on November 10, 2008 at 4:09pm