If GM goes bankrupt, won’t the value of the common shares go to zero?
It is increasingly likely that GM won’t be able to restructure adequately, and will be forced into bankruptcy. They are making deals with unions and the government, and handing out ownership stakes with (I think) preferred shares. However, there are also millions of common stock shares out there (currently valued around ). Won’t those shares go to {content}.00 if the company enters chapter 11 protection?