Kyle Bass Investing in GM When Company Is Down, But Not Out

Kyle Bass likes investing in General Motors Company (NYSE:GM) on a drawdown, when the best values are found. Also Read: Kyle Bass Notes Japan’s Debt Crisis Crash Buying GM when there is blood on the streets As General Motors Company (NYSE:GM) investors may think there is “blood in the water” as the company faces defined political and legal challenges in light of knowledge it had of defective products that ultimately led to 13 deaths, Bass sees opportunity. “The investment case is unbelievable with GM,” Bass said in a CNBC interview.  “The company has $30 billion in cash on balance sheet,” he said,…