"Dave" wrote in message
...
On Mon, 17 Nov 2008 12:53:43 -0700, "Charles Momsen"
said:

As of June 08, they have net assets of $136 billion. The largest
bankruptcy
in history occurred in Sept 08 with assets of over $600 billion. It's
right
on the bankruptcy link.

Poor comparison. Financial assets are generally either marked to market,
or
not too far out of line with their cost. Depreciated property, plant and
equipment dating back many years is in no way comparable.

You're correct it's apples and oranges. Thanks for pointing that out. So is
it better to look at replacement cost of the depreciated assets or GM's
market capitalization of under $2 Billion? If the company can be bought in
its entirety for $2 Billion, why wouldn't an investor buy the company,
starve out the union (close the doors for a few years) and put it back in
operation? Assets of better than $136 billion, yet a capitalization of under
$2 billion? Gee, I wonder why no one is jumping on this great deal. Do you
think if GM was capitalized at $1 there would still be no takers? Look for
the union label!