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GM dealers buy $1 million in GM stock
20 members of GM’s national dealer council have purchased more than $1 million worth of GM stock in what they says is a ’symbolic gesture to show support and confidence’ in the future of the company. The stock price, which has hit $9 a share, dealers say is undervalued and that GM is underestimated.

“We took a hard look at General Motors and we wanted to show our confidence in General Motors,” says Duane Paddock, co-chairman of GM’s national dealer council. ”We firmly believe in GM and that we have the best products to sell, our fuel economy is the best story in the industry and the best way to do it was to buy an investment stock.”

Paddock who arranged the buying of the big purchase, said that there was not one... Read Article
GM dealers buy $1 million in GM stock



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MercedesBenz00ZMercedesBenz00Z - 7/18/2008 1:22:24 AM
-7 BoostDrop the Boost Up the Boost
GM, die already, seriously.

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damikcodamikco - 7/18/2008 2:24:44 AMView My AgentSpace
+4 BoostDrop the Boost Up the Boost
We get it man you dont like GM, just deal with them making great cars like the Buick enclave the Pontic G8, the Chevy Corvette the Chevy Malibu the Saturn Vue, the Cadillac CTS, .......... i dont need to go on.









michal1980michal1980 - 7/18/2008 8:12:43 AM
-1 BoostDrop the Boost Up the Boost
so are you one of the TTAC empolyees, they hate GM too.


toolatetoracetoolatetorace - 7/18/2008 10:27:56 PM
+1 BoostDrop the Boost Up the Boost
MB 00Z ,,Is it blocking your view of the lake ??


Maverick2020Maverick2020 - 7/18/2008 10:33:56 AM
0 BoostDrop the Boost Up the Boost
$1 million in stock at its 50-year low is not a sign of support. It's amazing what passes for news these days.

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damikcodamikco - 7/18/2008 10:43:12 AMView My AgentSpace
+3 BoostDrop the Boost Up the Boost
do you have 1 million dollars laying around?


carguy68carguy68 - 7/18/2008 11:01:51 AM
+1 BoostDrop the Boost Up the Boost
There's nothing special about gm they are going to strugle like every body else.

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damikcodamikco - 7/18/2008 11:50:45 AMView My AgentSpace
+1 BoostDrop the Boost Up the Boost
http://video.msn.com/?mkt=en-us&brand=money&vid=a859939a-d1e9-4a6f-8717-73f64a27fdb1&playlist=videoByTag:tag:money_top_investing:ns:MSNmoney_Gallery:mk:us:vs:1&from=MSNmoney_CanGeneralMotorsComeBack&tab=s216

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