Friday, June 27, 2008

GM: Losing options, getting close to teachable?

CNBC brings us news that Goldman sez: Sell!
[At a current share price of $11.40] the world's largest auto maker has a stock market value of only about $7 billion. That compares with a market cap of about $56 billion in 2000, when the stock was at its all-time high of $94.62 a share....

GM's value is now:

* Half that of cosmetics company Avon
* A third of cruise operator Carnival Cruiselines
* A quarter of Internet media company Yahoo!
* A fifth of online auction house Ebay
* A sixth of retailer Home Depot
* A seventh of biotech firm Amgen's
* An eighth of drugstore chain CVS
* A ninth of fast-food giant McDonald's
Dayumm.

Said it before, too much money is GM's problem. Makes you arrogant, stupid and lazy. Here's hoping the Volt is a crash cart of the health restoring kind. But if Lutz insists on dueling statements like this and this, somebody's gonna have to cart him off before it hits the showrooms.

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