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GM Stock is dropping like a ROCK

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Old 07-14-2008 | 04:00 PM
  #61  
Eric Bryant's Avatar
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Joined: Aug 2001
Posts: 2,405
From: Michigan's left coast
Originally Posted by GTOJack
Down $.56 at 1pm today to $9.36. GM needs to kill the dividend. To suspend the $1/share dividend would save them $566.15 million per year.
Suspending the dividend may severely hurt the stock price, though (depending on to what extent such an event is already priced into the stock's value). It's going to be tricky for GM to convince the market that suspending the dividend will make the company more viable and thus more valuable.
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