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General Motors' reverse split plan suggests a bleak outlook

If you can't get the stock price to go up, you can always try playing the Jedi mind trick game of stock splits, reverse splits and stock dividends.

In a filing with the SEC, General Motors (NYSE: GM) disclosed its plan to effect a 1-for-100 reverse split of its common stock. The plan is part of an agreement with the Treasury Department that would give the United States government a majority stake in GM in exchange for taking on the company's debt obligations.

Continue reading General Motors' reverse split plan suggests a bleak outlook

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Last updated: May 27, 2012: 06:23 PM

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