GM stock drops after analyst sets target price as zero

[JohnWxy]

http://www.usatoday.com/money/autos/2008-11-10-gm-shares_N.htm

By Justin Hyde and Brent Snavely, Detroit Free Press
WASHINGTON — A key Wall Street analyst slashed his target price for General Motors (GM) shares to zero on Monday, saying the company could run short of cash by December and that even with government aid, shareholders are likely to lose their investment.

"Even if GM is able to secure immediate U.S. government support, we believe that GM's predicament has the potential to set in motion a sequence of events that would be bankruptcy-like," said Deutsche Bank analyst Rod Lache, who lowered his rating on GM shares to "sell" from "hold."

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guess what? odds of going into depression without losing GM: 50:50

If GM goes under - the odds change to 1:1.

I hope your work entails providing essential goods and services because everything else is going to get hit - hard.