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    Default GM posts its first quarterly profit in 3 years

    General Motors Co. says it rode cost cuts and strong sales of new models to its first quarterly profit in nearly three years.

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    Quote Originally Posted by Steve View Post
    General Motors Co. says it rode cost cuts and strong sales of new models to its first quarterly profit in nearly three years.

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    All the past red ink swept away in bankruptcy court is suddenly made better by a quarterly "profit" I wonder how the stockholders of the "old GM" stock are feeling these days. The only way the "old stockholders" get to benefit from the upcoming IPO will be to pony up whatever money they have left and buy the stock on the open market. How does that old saying go? ...don't throw good money after bad..... yeah, that was it.
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