On Sat, 6 Dec 2008 18:48:45 -0700, "Canuck57"
wrote:


"Tom Francis - SWSports" wrote in
message ...

I still say that this is a great opportunity for some capital
investment firm to step in and build a new car company from scratch
designed to compete with Honda/Toyota, etc.

I'd be willing to bet that it could be done, start to manufacturing
and distribution, in less than five years.

Chapter 11 would allow that to proceed. I wouldn't even doubt some
billionaires' private equity cash is sitting and waiting and watching. But
they know, to get the meaningful change needed to make GM viable, means they
need chapter 11.

There is also a mater of equity here. GM's market cap is what, $2.5
billion?

I just looked again - all three are worth less than 6 billion total in
equity.

GM is asking for $25 billion?

Uh huh. Amazing ain't it?

WTF. In my books that makes their debt to equity obscenly stupid. No
wonder that can't borrow a dime.

Let 'em die - that's my story and I'm sticking to it. :)
--

Happy Holidays and Merry Whatever It Is
That ****es Liberals Off.