Why you should stay far, far away from the new General Motors IPO


From Alt Energy Stocks:

I love IPO registration statements because they have to provide full and fair disclosure of all material facts and forward-looking statements must "bespeak caution."

The following quote from the risk factors section on page 19 of the prospectus included in the Form S-1 Registration Statement that NewGM filed yesterday says everything you need to know about the Volt and the other plug-in vehicles that currently reign as media darlings.

"In some cases, the technologies that we plan to employ, such as hydrogen fuel cells and advanced battery technology, are not yet commercially practical and depend on significant future technological advances...
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More on GM:

What GM didn't tell you about their electric car

Stansberry: Obama's GM bailout may destroy capitalism

Car czar: GM management was monumentally incompetent

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