Judging a company by assets is wrong for a number of reasons.
1) Assets can carry debt.
2) Assets can carry expenses such as taxes, maintenance, insurance, employees, etc.
3) Assets can depreciate over time, especially those involving technology and equipment.
4) Assets can be very non-liquid, that is they can be difficult if not sometimes impossible to sell.
If assets truly had good business value, car companies would never fail. Sometimes assets such as factories and equipment lose money and can never be made profitable, despite having huge asset values.
Anyone can guess. It takes no effort to throw out lots of predictions and have some of them be correct. You are not and wiser or better for having your guesses be right. Even a blind man can hit the bullseye.
