Sunday, October 19, 2008

Citi And GM Have Money But No Worth

Citi has about 2 trillion under its belt. GM has about 180 billion (and decreasing) under its belt. As you can see both these firms have some serious money but no market value. Both are being traded for a lot less than are usual. Of course, this is because of our worsening economy. Other large companies are also suffering greatly, but, history repeats itself, which means they may take off again and flourish some time in the future.

No comments: