主题：今日不卖空GM，更待何时？ -- 倥偬飞人

Now, let’s look a little deeper into the company whose common stock Robert Barry so uninspiringly recommended to American investors. Upon reviewing GM’s December 31, 2006 fiscal year-end audited financial statement, I certainly can see why Mr. Barry was so bland. To analyze General Motors’ 12/31/06 FYE financial statement is to understand that this once great company is likely heading towards bankruptcy. Here are the gruesome details:

GM’s "as stated" net worth is negative $5.4 billion

By fully discounting intangible assets, which includes deferred tax assets, GM’s net worth is arguably negative $48.5 billion (refer to Note 13 of GM’s 12/31/06 financial statement)

GM’s as stated working capital is negative $3.7 billion

By fully discounting current deferred tax assets, GM’s working capital drops to negative $14 billion

General Motors’ total liabilities amount to a staggering $190.4 billion

GM’s net loss, in 2006, was nearly $2 billion