Eugene David
...The One-Minute Pundit

Wednesday, May 04, 2005


Brilliance on Wall Street:

Merrill Lynch estimates that GMAC's non-auto assets could be worth as much as $25 per share, implying about $5 value for the combined auto business and GMAC's auto financing business.

GM closed today at $32.80. Isn't it time to, uh, take profits?

(And brilliance too among the computers that edit Forbes.com. "Billionaire Kirk Kerkorian could care less about General Motors' new Buick LaCrosse or Hummer H3." Who says news Web sites can't be as scintillatingly typed as NEWSPAPERS?)

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