No. of Recommendations: 0
So, in the mail today I get this tome describing in legalese a split off of Hughes from GM. Owners of GMH will get approximately 80 percent of a share of the new Hughes stock, and approximately $2.50 worth of News Corporation Preferred Stock for each share they presently own.

GM corporation will get a chunk of cash.

GM holders, as far as I can tell, will not get anything except this chunk of money going into the company we own.

Am I missing something here?

I am enough of a Fool to admit I need some help understanding, “what's in it for me?”

I guess in the long run, I will own a company that is solely focused on cars, and as someone said a few days ago, financing cars.

That's not what I bought, but that's what I'll end up with.

I guess this will make it a better car company.


How are other people reading this, and what do you all think?

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