mradigan747 asked:
I am curious about tangible book value. Many people use this metric as an insurance metric to ensure that their investment is secure against the assets of a company. If GM had a tangible book value, and the metric is accurate, why would common stockholders get nothing since the liquidation process should net sales? I understand the creditors should recieve their share, but shouldn’t the common stockholder recieve something since they had a positive TBV?
I am curious about tangible book value. Many people use this metric as an insurance metric to ensure that their investment is secure against the assets of a company. If GM had a tangible book value, and the metric is accurate, why would common stockholders get nothing since the liquidation process should net sales? I understand the creditors should recieve their share, but shouldn’t the common stockholder recieve something since they had a positive TBV?
Tags: Assets, Book People, Net Sales, Stockholder, Stockholders
According to Yahoo, GM has a negative net worth of $91 Billion.
Nothing left for common stockholders.
The actual Tangible Book Value of GM is -(minus) $ 149.69
Obama is Financing GM with perhaps another $20 Billion.
Shareholders will GET NOTHING – Unions will get most of the benefits left.
Eventually GM will disappear completely after government totally mismanages it.
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