General Motors? Ford?

Barkly does not ride in them but remember all in the past 5 years.

1) Halliburton was supposed to go bankrupt because of asbestos litigation.

2) Phillip Morris was supposed to go bankrupt because of lawsuits. And people were never going to smoke again.

3) Us Steel was supposed to go bankrupt because the new economy would not need steel any more and their pension fund liabilities combined would bankrupt the company.

4) Even Boeing was thought to be non competitive with Airbus and was just going to go away and be a non investment grade company..and had no new products!

All these companies in 2006 are market leaders and are at the focus of all Wall Street Research as buy recommendations! And arguably were the single best buys of the past 5 years.

General Motors is thought to go bankrupt in the next two years, because of a non competitive product, pension fund liabilities, global competition and excess capacity and no one needs their products any more....Sound familiar??