The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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To: Paul Kern who wrote (9202)	6/27/2008 11:01:13 AM
From: RockyBalboa	Read Replies (2) of 71402

Attention GM fans! CNBC GM's Market Value Is Only $7 Billion - Half That of Avon Thursday June 26, 5:22 pm ET How the mighty have fallen. At one time, General Motors was considered the pre-eminent US corporation, a giant among giants. But now, on news that Goldman Sachs reduced the company's rating to "sell", GM's shares (NYSE:GM - News) have plummeted to less than $12, the lowest level since 1955. That means 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. To put that in even more perspective, GM's market value is now roughly equivalent to that of tax-preparation provider H&R Block (NYSE: hrb) or toy maker Mattel (NYSE: mat). Even more humbling for the auto maker, GM's value is now: Half that of cosmetics company Avon (NYSE: avp) A third of cruise operator Carnival Cruiselines (NYSE: ccl) A quarter of Internet media company Yahoo! (NASDAQ: yhoo) A fifth of online auction house Ebay (NASDAQ: ebay) A sixth of retailer Home Depot (NYSE: hd) A seventh of biotech firm Amgen's (NASDAQ: amgn) league An eighth of drugstore chain CVS (NYSE: cvs) A ninth of fast-food giant McDonald's (NYSE: mcd) Last, but not least, GM is now 1/66th the size of fellow Dow component Exxon. (NYSE: xom)

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