...General Motors is valued at the same level as it was in the 1950's?

But it's not surprising to observe that even at this deep, deep, deep discounted value...no one is even considering buying GM! What does that say about the intrinsic value of what was once America's most admired and dominant company?

It would be a bad buy.

Kahuna, you are spot-on. GM is not a good place to put your money. I was just looking at GE. You can buy a share of GE this morning for $19.01. This is the premier company of the 70's, 80's and 90's. Largest market capitalization for years, up until the Microsoft revolution. Most widely held corporation in the world for many years. Highly diversified and generally well managed. It is still projecting an earnings per share of $2.14. That's an 11% return before dividends! And even Warren Buffet is buying it (albiet he gets a guaranteed 10% return, which is something that you and I can't get). Despite all this, the price keeps tanking. I don't get it. But I also don't plan on investing in it either.