Researcher
Stop Loss? No, Thanks!!!
Infatti non li vale...![]()
Io aspetto sempre a 1....però mi metto due tic sopra (1,02) per fregarle a Mark
Infatti non li vale...![]()
The U.S. government is considering swapping some of the $13.4 billion it lent General Motors Corp. for ownership in a stripped-down version of the auto maker, a move it hopes will push the United Auto Workers union and bondholders to accept similar concessions, said people familiar with the matter.
Interim GM Chairman Kent Kresa said the company would welcome the government's willingness to let it pay off some of the loans with stock. "Certainly that would be helpful," he said in an interview Tuesday.
But the move also could leave the federal government a direct shareholder in the car maker for years to come, a position certain to be controversial.
The government is considering the step because it hasn't had success finding outside private investors for a revamped GM, said a person close to the situation. The government and GM advisers are "creating a new GM on the fly," said this person. The U.S. wants GM's revamping plan to be set by June 1.
The government hasn't said how much of its loans it is willing to swap for GM equity, but doesn't seem to be opposed to swapping all the debt, said this person.
The plan would further enmesh the federal government in a private U.S. company and raise questions about how much a management role the government would take and how long it would own the GM shares.
"If [Obama auto task force head Steve] Rattner acts like the distressed-debt investor he is, then he will hold it for as long as he can and ride it back up before he sells," said one person involved in the process. The Treasury Department didn't return a call seeking comment.
The Treasury is in line to be paid off before GM bondholders or the UAW, which is owed billions of dollars in retiree health-care funds. If the Treasury agrees to convert its debt to equity in a cleaned-up GM -- either outside or inside bankruptcy -- that will put pressure on the other parties to do the same, strengthening the revamped GM, said two people familiar with the situation.
The Obama administration decided a few weeks ago that bankruptcy is the most likely outcome for GM.
Mr. Kresa -- installed in his job by the government at the end of March -- said the car maker is running out of time to restructure outside of bankruptcy. He said GM's board remains convinced that an out-of-court restructuring is preferred, but added that "time is not on our side on trying to get things done out of bankruptcy."
GM is looking to launch a debt-for-equity swap with bondholders by Friday. A deal would be needed by then for the company to shrink its obligations by the time $1 billion in outstanding debt comes due June 1.
The U.S. also is pressing to resolve talks involving car-parts maker Delphi Corp., a former GM unit that may be forced to liquidate if it can't secure funding, Mr. Kresa said. GM shares rose 4% to $1.78 Wednesday on the New York Stock Exchange.
Write to Jeffrey McCracken at [email protected] and Sharon Terlep at [email protected]
http://online.wsj.com/article/SB123972054506117179.html?ru=yahoo&mod=yahoo_hs
PERCHE' I BONDHOLDER HANNO RIFIUTATO
8 CASH + 16 BOND + AZIONI??
io me li sarei presi subito mentre loro hanno rifiutato
gmac bondholders hanno costretto lo stato a divenire azionista e ora i bond gmac viaggiano a 70-80
non capisco ci deve essere qualcosa sul prestito dei 13,4 bio usd del governo americano che gli "incapretta" . Se solo Obama perde un solo 1 dollaro dei contribuenti ............ sono uccelli per diabetici
certo il bond a 9 fa' paura ma perche' il titolo vale 1,75 ??
dovrebbe essere a 0,05
qualhce commento???
me ne vado per un'idea... può darsi chei i grossi bondholder abbiano belle coperture in cds sul debito di GM...a qesto punto a loro conviene incassare i premi su un'eventuale default anzichè ricevere una tazza di riso da GM...
Intanto Marchionne stima al 50% le possibilità di raggiungere un accordo che renda ipotizzabile l'ingrsso di Fiat in Chrysler...
Mai sottovalutare la potenza dei coglioni.certo il bond a 9 fa' paura ma perche' il titolo vale 1,75 ??
dovrebbe essere a 0,05
qualche commento???