ORIGINAL: awsure
Huh? The company sold for this price because that's all it's worth. As painful as it is to admit Daimler dumped a lagging business unit because they had no confidence left in it. The real cost to Cerberus is not the purchase price but the cost to turn the ship around. They will FAR outspend that 7B over the next couple years.
I am obviously not picking up on the facetious tone of your post cause it's late & I am getting sleepy.
Dude you are right it was a joke. Yes i know i should keep my day job. I just dont take anything i read on this site to serious. Like my mama always said "The proof is in the pudding"... ie we shall all know in about 6 months what the price really is, unitl then i am not worried at all about it. But i do know we will look back at Mr. Wallstreets $70k number and say"what was he smoking?" I also think that if Cerberus does not turn the company around they will sell it to another car company such as Ford... omg... then they can make chally-stang auto