Let’s start a pool: At what point in the future will General Motors (GM) ignominiously join Eastman Kodak (EK), Woolworth and others and get tossed out of he Dow Jones Industrials?
And, who will replace them?
I am betting this happens within 5 years, and perhaps even within 3.
As to the replacement, I might have said Google (GOOG) — but I assume the DJ Editors learned their lesson top ticking Microsoft (MSFT) and Intel (INTC).
Instead, my bet will be Cisco (CSCO).
What say ye?
(Ignore the $38B write down — thats primarily a tax issue):
GM Will Book $39 Billion Charge Write-Down of Tax Credits
Indicates That Profits Won’t Come in Near Term
JOHN D. STOLL
WSJ, November 7, 2007; Page A3