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Ford -- Is This Stock A Lemon?
If Ford (F) is good enough for Kirk Kerkorian, is it good enough for you?
His offer to buy 5.6% of the automobile company at $8.50, a fairly hefty
premium over recent prices, is a big fat endorsement for a company that has
struggled for the last several years. This at a time when the economy
continues to teeter on the brink of recession. Buoyed by global sales Ford
did recently announce better than expected earnings for the first quarter.
Is it a mirage? Kerkorian does not think so. He is impressed by management
and is betting that a turnaround has begun in earnest. With shares trading
below his offer price, regular investors have the ability to ride his coattails.
Ford is our question of the week. What are you thoughts on Ford, and do you
think shares are a buy/sell/hold at current levels? I want to see as many
responses as possible so make sure you get your opinion heard. I will report
back in next week's bull/bear column.
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