GM is essentially already bankrupt, says Horacio Marquez. And it has been for years. This clearly makes the company one to avoid for investors. But Horacio says there are still some ways for those with a big risk appetite to make big profits with the giant automaker.

This from Money Morning:

With America’s “Big Three” automakers all due to submit turnaround plans to Congress today (Tuesday) – a requirement if General Motor Corp. (NYSE:GM), Ford Motor Co. (NYSE:F), and Chrysler Corp., are to receive $25 billion in government loans – I couldn’t help but recall the moment eight years ago when I realized the U.S. auto industry was skidding toward a financial collapse.

I’ve been thinking about that market call of mine a lot of late, particularly after recently reading that JP Morgan Chase & Co. (NYSE:JPM) credit analysts had

ChinaTel Group, Inc. (OTCBB: CHTL) announced that it will bid in an auction for wireless spectrum licensing in Argentina, through its subsidiary, ChinaTel Argentina S.A. The auction is for the 3.5 gigahertz wireless spectrum in 15 cities in the South American country. Those cities are Bahia Blanca, La Plata, Mar del Plata, Moreno, Pilar, Comodoro Rivadavia, Cordoba, Corrientes, Mendoza, Neuquen, Rosario, Santa Fe, San Juan, San Luis, and San Miguel de Tucuman.

This spectrum is focused at the Internet level and what’s known as WiMAX or Worldwide Interoperability for Microwave Access. Acquiring or operating WiMAX networking is a key strategy for the company, a news release states.

“ChinaTel, if a successful bidder, will have the capabilities of becoming a catalyst of change for the new generation of Internet applications and users in Argentina, the news release continues. “Besides offering wireless broadband, WiMAX is seen as technology that can open the doors to

Rogers Communications Inc.’s (RCI) wireless operations are well positioned with the biggest share (37%) of the attractive Canadian market. Wireless penetration in Canada is just about 60% compared with 70% in the mature U.S. market, providing significant growth opportunities. The company’s cable operations are growing rapidly, fueled by its "triple play" packages -- cable, telephony and Internet data services.

As the only Canadian carrier using GSM the technology used all across Europe and in many other countries Rogers is uniquely positioned to capture roaming revenue from foreign visitors. We estimate that international roamers contribute about 10% of Rogers wireless revenue.

The company, on July 11, 2008, launched Apple's (AAPL) iPhone in Canada. It is anticipated that iPhone subscribers would subscribe to both voice and data service plans. In turn, we expect wireless’ average revenue per user (ARPU) levels to be positively impacted. Moreover, the company has implemented a number