On the highway to another bailout? (GM)

In today’s economic climate, even some of the most historically “safe” stocks are becoming potential liabilities. One of the most notable companies that has been making investors nervous is General Motors.

GM has about $16.2 billion in cash, and it needs $10 billion of that just to pay its bills. It is very likely that the company will burn through all of that by the end of the year due to an estimated $6 billion worth of credit agreements that many experts believe they are now in default of. Add that to the fact that the company’s liabilities exceed its assets by a whopping $58 billion, and you can see why many analysts believe that GM is the next big company headed towards bankruptcy.

There have been talks of a bailout, but it's nothing more than speculation at this point, and would probably do little to salvage the value of the company’s stock anyway. Pull out of GM while you can, and definitely don’t invest another dime into it.