High Tolerance Plasticity Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : High Tolerance Plasticity

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: upanddown who wrote (18440)	1/10/2003 10:06:37 AM
From: kodiak_bull	Read Replies (1) of 23153

Ford just announced that its pension funds are underfunded by $14.5 billion worldwide (Bloomberg TV). [http://biz.yahoo.com/rb/030110/autos_ford_outlook_1.html] Let's see, $14 billion of liabilities on a company that's only worth, market cap, $18.8 billion. These numbers are beginning to get a little real. Of course a lot of that $14 billion of pension fund liabilities is PROBABLY priced into the stock, which shows a book value of $5, and cash per share of $8.42, and a current price of $10.10/share. Ford's balance sheet is enormous, but it's only showing 9.9 billion dollars of shareholders' equity. Ford lost 5.45 billion pistoles last year and now will have to take scoops of money from "potential" profits into its pension obligations for a long time, just as the consumer gets tapped out. Maybe they won't be able to pay a 4% dividend anymore. Kb

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next