10-25-2008, 11:04 AM
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CC Member
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Join Date: Feb 2006
Location: Naples,
FL
Cobra Make, Engine:
Posts: 183
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When you look at break-up value, remember to subtract debt. Ford is carrying a lot more debt now than they were a few years ago, and they pledged some of those assets to back the loans.
That said, I think Obama will win, and the democrats are a LOT more likely to bail out the auto companies. The question is, will they do it in a way that doesn't greatly dilute investor equity?
If they survive without a lot of dilution, the stock will be worth far more in 5 years.
Kevin
Last edited by KevinM; 10-25-2008 at 11:09 AM..
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