Re: GM?
"I'm also quite positive that the courts will rule in GM's favor when they seek to be absovled of their pension obligations, just like happened with Delta(?)...."
This statment has no meaning to an investor. Delta shares have thus far been a bad investment for most people, even if they bought on lows. The bonds are a bit better as they yeild 25% so if delta pays for 4 years you are out of the red.
The thing to remember is that GM wants to keep current management, customers and workers happy. After that bond holders. Then retirees and then stockholders. GM is not thinking about what is best for shareholders, and bankrupcy courts will not even consider the interests of shareholders.
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