Join Date: Feb 2001
Location: The Hills of North Georgia,USA
US:Analyst suggests that Ford go private
Analyst suggests that Ford go private
Detroit Free Press
Should Ford Motor Co. go back to its private roots? Brian Johnson, an auto analyst with Sanford Bernstein & Co. in New York, thinks so. In a note to investors Wednesday, he suggested the troubled automaker, which lost $907 million in North America during the second quarter, return to private ownership as part of its restructuring. In a detailed analysis of the option, he wrote, "We think Ford should distribute Ford Credit to shareholders, buy out Class A shares (with Hertz, real estate and PAG sale proceeds) and retire Ford unsecured bonds -- leaving Ford as a private company owned by the Ford family." Ford Motor spokesman Oscar Suris said the automaker had no response to the report.
My first car was a 67 Mustang Coupe, 2nd one was a 67 Cougar XR-7, 3rd one was a 66 Mustang Coupe. Why did I get rid of these cars for ? I know why, because I'm stupid, stupid, stupid.
My next Ford.....