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To: patron_anejo_por_favor who wrote (144468)1/17/2002 6:27:26 PM
From: reaper  Read Replies (4) | Respond to of 436258
 
It is UFB to me that Ford managed to squander the entire decade of the 1990s. Coming off the two greatest years for car sales ever (2000 then 2001), Ford stock is trading at a mid-1980s level and now the company is being forced to do a hugely dilutive convert. Their balance sheet is destroyed and the friggin' downturn hasn't even started yet.

It is frankly criminal the way great, historical American businesses like Ford, AT&T, HP, JPMorgan are being brought to their knees by the greed and hubris of the baby-boom generation management.

Cheers



To: patron_anejo_por_favor who wrote (144468)1/17/2002 6:28:05 PM
From: yard_man  Read Replies (1) | Respond to of 436258
 
now that they have 'em buying like mad with 0% interest -- they are going to make a killing when they raise rates and prices -- better scoop 'em up now while you still can



To: patron_anejo_por_favor who wrote (144468)1/17/2002 6:50:28 PM
From: reaper  Read Replies (4) | Respond to of 436258
 
$9.1 billion pension shortfall seen by GM

pionline.com

"As a result, the automaker expects to take a $1.37-per-share hit to its pre-tax earnings in 2003, when it anticipates contributing about $2 billion to the pension plan for hourly employees ....."

This is GOOD for the stock market. The more under-funded the pension plans of GM, Ford, AT&T, HP, and others become, the more cash they will have to invest in the stock market to shore them up. This indicates huge demand for equities in the future, which will drive prices higher. <g>