Deutsche Bank: GM Is Worth Nothing.

[GliderGuider]

Deutsche Bank: GM Is Worth Nothing.

Deutsche Bank said publicly today what many detractors of General Motors Inc. have been thinking for some time — the company is worthless.

In a note, Rod Lache of Deutsche reduced his rating on the shares to sell (helpful) and put a price target of $0 on the automaker, saying the company has few options at this point beyond “external government intervention.”

They believe the company does not have the cash to fund its operations past December, though Mr. Lache believes the government will be “compelled to participate” in some kind of loan package for the company, for without it, “it would precipitate systemic risk that would be difficult to overcome for automakers, suppliers, retailers and sectors of the U.S. economy.”

Can you say "L-shaped depression", boys and girls? I knew you could.

[phantom power]

1. Wow. Bet GM's morale is *soaring*

:eyes:

[barb162]

2. Yeah I can. A very long L