What I Learned Today
a curious girl in a curious world..
0.000000435%
is roughly the percent of GM that we each own.
$362 is what each of us paid for that equity stake.
That's because $50,000,000,000 is the total amount the US Treasury has spent of GM's survival. (That's $30.1 billion for 60% of New GM's equity + $20.6 billion that we spent trying to keep them out of bankruptcy.) And that's just the beginning of it.
So $83,000,000,000 is what New GM would have to be worth in order for us to break even on our investment.
But $56,000,000,000 is what GM was worth at its all time peak in 2000.
And it's only worth about $7,300,000,000 now.
So New GM would have to have about a 48% increase in value from its all time peak. Likely?
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