Originally posted by: boomerang
Originally posted by: adlep
Originally posted by: JMapleton
If you knew anything about finance, you'd know there is very little that can bail Ford out of their situation.
A company can sell tons of cars and still go bankrupt.
Hmm,
It seems that you don't know much about Ford situation. They are the only "big" 3 company that did not use their government line of credit yet.
I say that Ford is actually in the best shape - they have a significant presence in Europe and China and their small car - the Fiesta will sell like a hotcakes across the world...
🙂
The reason that Ford did not ask for loans is because they are flush with cash. The reason they have so much, is because their CEO Alan Mulally, hocked the entire corporation, lock stock and barrel including their headquarters about 18 months ago. This is the equivalent of you mortgaging your house to the hilt, then getting a home equity loan on top of it, having your employer cut your hours down and your pay 25%. You'd be shitting bricks. I'm sure Mr. Mulally is not sleeping well some nights.
One domestic will survive. Right now it looks like it will be Ford. They will not survive without federal dollars. You can quote me on that for posterity. The survivor will find out the true price of the federal money, when they are dictated to in regards to what products they build and sell. No such requirements will be able to be forced on foreign automakers.
We'll see what the public really wants to buy, assuming their confidence in our economy returns to the point that they actually want to buy a new car.
So, buy Ford stock .......... or not.