Skip to main content
Message Font: Serif | Sans-Serif
 
No. of Recommendations: 0
Report: Kerkorian Sells Full Stake in GM
Thursday November 30, 8:45 pm ET
By Ken Thomas, Associated Press Writer
Kerkorian Reportedly Sells Entire Stake in GM, 28 Million Shares, for More Than $800 Million
http://biz.yahoo.com/ap/061130/gm_kerkorian.html?.v=19

I never saw what Captain Kirk saw in GM in the first place.
It seems he got out exactly where he got in but he is ahead dividends.
Whatever he saw, it is obvious he no longer sees it.

Mish
Print the post Back To Top
No. of Recommendations: 0
Hopefully he stays away. It would be one less distraction for GM.

- Jeff
Print the post Back To Top
No. of Recommendations: 0
Ummmm

Kerkorian's moves made life a little more fun for anyone who was trading this stock just for grins.....

Still contemplating a final "Jingle Bells" buy on this stock.

Decisions, decisions.

Jedi
Print the post Back To Top
No. of Recommendations: 0
Here's what Cara had to say:

http://www.billcara.com/archives/2006/12/week_48_20061202_in_review_ini.html#more

Some of those experts were probably caught out by Kirk Kerkorian who neatly skimmed about $100 million from Wall Street's GM table this year.

He carefully staged his sales, and now the pros are left wondering if any other suitor can be rounded up. I doubt it, and I never believed that Kerkorian would be successful either, or that he didn't think he wouldn't make money with his short-term play for this company.


Print the post Back To Top