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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: stan_hughes who wrote (314744)11/16/2005 3:24:42 PM
From: patron_anejo_por_favor  Read Replies (1) of 436258
 
>>Toyota takeover at $3.65 maybe, funded entirely by the value of federal and state tax concessions of course<<

I don't see 'em hanging around that long without going BK, but who knows. I think they HAVE to go BK to get from under their pension obligations, otherwise they're not a viable operating entity. Which means, nilch, "the price at ultimate support", etc...I don't like to crack on Motown, lotsa great folks from there, but I don't see any other way (and in this case, BK would likely save both the company and many or even most of the jobs that will otherwise be lost). They sure as hell should eliminate the dividend (as should Ford) immediately. They have no business paying one given their current true cash flow situation, if the pension plans are honestly included in those calculations.
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