[ajkates]

Though, GM is probably not the best example...it's bleeding cash at the moment, and has even had negative earnings some quarters.

If you want to play the profit game, compare Google's profit to Wal-Mart, Exxon-Mobil, and CitiGroup. We're not even in the same league here. In fact, we're not even in the same order of magnitude!

Again, Google making that list (and having a high market cap) is much more an effect of it's expected growth (and high multiple) than it's actual present value as a company.

[ctkrohn]

Just nitpicking here, but Citigroup turned a loss this past quarter due to mortgage-backed security writedowns. I think Google actually turned a respectable profit.