GM Shares Reach Break Even Point - Fed Can Begin Selling At A Profit

Today GM’s shares rose to $33.21 compared with $33.00 during the November 2010 IPO, the first time the stock has risen above $33 since May 2011. This year so far GM’s stock has increased 14.5%. The increase in the stock price will help the US Treasury reach its target of completely exiting the company by April 2014 and also pare its losses.

At the beginning of this month the Treasury announced it begins another round of GM shares sales. GM received a $49.5 billion bailout and at the end of March the Treasury said it had recovered $30.4 billion. Still, for the Treasury to be able to break even after the shares’ sales, it would have to sell each share for about $79.

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mrcassis - 5/17/2013 4:05:09 PM

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Lets go you conservative nutcases. Lets do our weekly ritual, hold hands, all together....BLAME OBAMA! LLLLLLLLLLLLLLLLLLLets get ready to bash OBAMAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA!!!!!!

ParadoX - 5/17/2013 4:11:15 PM

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GM's stock is undervalued as is.

ParadoX - 5/19/2013 5:48:30 PM

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Because national interests in protecting the manufacturing base and economy trump private investment.

LexSucks - 5/21/2013 3:48:47 PM

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Obama needed the unions to get elected? Funny. You guys live in your own universe in which you make crap up and call them facts. Obama got elected/Re-elected because the GOP are a bunch of sad sacks. Romney? LOL!!! The guy couldn't even get re-elected as governor yet you guys thought that he was fit enough to run the entire country. I doubt that we will ever see another republican president. They’ve already proven that they can and will run the country to the ground. And oh yeah… The DOW is at around 15,000. That’s a number that Bush and any prior republican president could only dream of. In fact, that’s the highest the DOW has ever been. But Obama is still the worse president ever right? and horrible for business, right?

markanthony0419 - 5/21/2013 9:59:21 AM

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BobM dont confuse these people with facts. Whats a bondholder? Bankruptcy laws changed pay the union buy votes. In this country you sure?

ronnieg - 5/21/2013 10:25:40 AM

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more fed "management" incompetence, they could have waited until the devastated auto industry began to recover before they sold the shares.