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To: LLCF who wrote (9774)4/15/2003 10:15:07 AM
From: Silver Super Bull  Read Replies (2) | Respond to of 39344
 
DAK,

RE: "Still, nice leverage if you think the company will return to profitability any time soon."

No, actually I think Ford and GM are in big trouble, especially given the fact how they are struggling. After a long run of record car sales, and record low interest rates, both should be in very good shape. But their results and their market caps paint a very different picture from that of health. And like you point out, the debt loads and contingent liabilities (such as pension and health care costs) are pretty frightful.

DB