I heard from a buddy on Friday. He's a big stock market player, and he told me that he read that Ford is thinking of going private? Anyone else hear about this?
Dave
Ford going Private?!?
Aug 28, 2006
2 Replies
Guess WSJ had an article on it as something that the ford family has thought about doing because the stock is so low in price right now and then that way they could restructure as they wish without needing to appease a bunch of shareholders with different ideas.
I mentioned this in the 15k layoff post. It makes allot of sense to do it. I said It is sad to see how poorly Ford's stocks are doing. They actually are a bargain deal for anyone to buy. I was reading how Ford might go private and now that the stocks are cheap enough can easily be done.
To add it is presently valued at $14.5billion present stock value and actual worth with assets anywhere from $20-40billion.
Nick
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