Post-IPO shares: 1682mm
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50% loss on government's bailout "investment" |
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-- Invested $50bb |
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-- At the mid-point of the price range value is $25bb = 50% loss |
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Post-IPO shares: 1682mm |
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General Motors |
GM, |
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includes convertible preferred & stock paid to union pension fund, doesn’t include warrants |
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Automobles |
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Detroit, MI |
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June6mos10 |
Sept3mos10 |
Sept9mos |
IPO Mkt |
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Revenues |
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$64,000 |
$34,000 |
$99,000 |
Cap (mm) |
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Net income |
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$2,100 |
$2,000 |
$4,100 |
$46,255 |
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Net income % of revenue |
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3% |
6% |
4% |
@$27.5 |
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Common |
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Valuation Ratios |
IPO Mrkt |
Price / |
Price / |
Price / |
Price / |
% offered |
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annualizing Sept 9 mos |
Cap (mm) |
Sales |
Earnings |
BookValue |
TangibleBV |
in IPO |
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General Motors (GM) |
$46,255 |
0.4 |
8.5 |
1.5 |
-4.2 |
22% |
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