At $180 billion, or 4 times the value of RIM, does the NDP think Chrysler is overvalued, undervalued, or just right?

Rather than having the NDP opine on whether investors, of their own volition are paying more for income trusts in the secondary than Jack Layton would, shouldn’t the NDP be worried about the enormous overvaluation that Stephen Harper has thrown $3.8 billion of taxpayer money at Chrysler at? For $3.8 billion, all Canadian taxpayers are getting is 2% of Chrylser, which values the whole company at $180 billion, or roughly 4 times the value of Research in Motion!

What became of these type of concerns on the part of the NDP, capital market purists that they are:


Dissenting Opinion —
New Democratic Party

“Also of concern, independent studies show that income trusts have been overvalued by as much as 40 per cent and will inevitably drop in value. More than 20 per cent of the business trusts that have come on stream since 2001 are down 20 percent in value, while two out of three business trusts and paying out more than the underlying business is bringing in. Industry studies do not mention this. Neither does the Liberal/Bloc allialnce (sic).”