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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: robert b furman who wrote (79672)	3/7/2008 9:16:21 AM
From: Real Man	Read Replies (1) \| Respond to of 94695

Right. GM book value is -65 per share due to their debt and retirement plan. Even though I like their cars better, F at least has it positive, so GM stockholders are in more risk of BK than F's. Needless to say, the credit crisis will hit their US sales. I have no doubt GM will continue to make cars, but I'm not so sure they won't file for BK protection, in which case stock holders will get screwed. The bear market has been pretty drastic though, with GM stock price trading at the same level as in 1963 or 1974? That with all the inflation since then??? GM and F combined valued at a tiny fraction of GOOG? I think this is kinda nuts too. I think our auto makers will be a major part of the corporate horse team that bails whole US of A out of the currency crisis. IF the financial economy is destroyed (not a given, unfortunately! If not, we get hyperinflation!) JMHO. BWDIK? quote.yahoo.com