Morgan Stanley (NYSE:MS) Says General Motors (NYSE:GM) Could Be Worth $100

In what can only be an attempt to attract some attention to themselves, Morgan Stanley (NYSE:MS) said they see General Motors (NYSE:GM) as a stock that could be valued at $100 a share.

The fact that GM generates about two-thirds of its cash flow in North America makes that about as unlikely as it can get, especially in the ongoing weak American economy.

As far as net cash goes, Morgan Stanley sees that increasing at the end of 2010 to $19 billion and by 2015 to $71 billion. They also said in 2015 EPS for GM will peak at about $9.61, before falling back to a normalized $4.21.

Morgan Stanley released 21 pages of wishful thinking and best case scenarios for General Motors, based on numerous assumptions that would all have to be met to meet their projections and outlook.

This could push GM up in the short term, but it will only take another weak economic situation to remind everyone how fragile the U.S. economy really is the folly of General Motors being a $100 company.

GM was trading at $38.89, gaining $0.82, or 2.15 percent, as of 12:18 PM EST.