Post by
crow27 on Oct 07, 2019 4:25pm
Chump Change For The Big Dogs
GM has thrown away over 1 billion by not signing a new contract and as it drags on it willl be even more. They could have signed early and bought this for more than Impala has offered and it would have added a little security for their Pd supply chain.
The big boys have the money, they just hate to part with it.
This is not a fair deal in any sense but maybe closer to $25.00 will ease that pain.
Nothing better to do than to wait this one out.
You can see that the bid/ask was above $19.74 and usally that tells you the market knows there will be more action before the suitor walks away with this prize.
Each side needs to feel a little pain for it to be a fair deal. Right now Impala is doing cart wheels and that is not a sign of pain.