That means the world's largest auto maker has a stock market value of only about $7 billion. That compares with a market cap of about $56 billion in 2000, when the stock was at its all-time high of $94.62 a share.
To put that in even more perspective, GM's market value is now roughly equivalent to that of tax-preparation provider H&R Block
Even more humbling for the auto maker, GM's value is now:
* Half that of cosmetics company Avon
* A third of cruise operator Carnival Cruiselines
* A quarter of Internet media company Yahoo!
* A fifth of online auction house Ebay
* A sixth of retailer Home Depot
* A seventh of biotech firm Amgen's
* An eighth of drugstore chain CVS
* A ninth of fast-food giant McDonald's
Last, but not least, GM is now 1/66th the size of fellow Dow component Exxon.
Wouldn't it be ironic if one of the lasting legacies of the oil/business friendly Bush administration is the demise of one of America's biggest corporations? I seriously wouldn't be surprised if Toyota or another foreign car maker swallowed GM whole before the end of the year. Either that or the stock holders sell GM for parts and pocket the change.