Investor Kirk Kerkorian to remove Ford investment.

**MosportGreen66** · #1 10-21-2008, 05:46 PM

From the Journal...

"Billionaire investor Kirk Kerkorian is selling down his stake in slumping Ford Motor after becoming the largest individual shareholder outside the Ford family. The move is a sharp about-face for Kerkorian, a film and casino mogul with a history of investing in Detroit. His representatives had praised the leadership of Ford Chief Executive Alan Mulally and said his company Tracinda's investment in Ford was for the long haul, betting that Ford was on track for a turnaround and poised to deliver big returns."

This is great for cash flow issues... Liquidity has already been an ailing issue for Ford.

**scuncio** · #2 10-21-2008, 06:40 PM

I was under the impression that Ford's cash position was pretty admirable (relative to other American auto industry corporations). I doubt if the smart money is paying attention to Kerkorian's moves after his goofy play on GM stock.

**ANDY M** · #3 10-21-2008, 07:44 PM

Didn't he try to buy Chrysler back when Lee Iococca was running the show there?

**JRSully** · #4 10-22-2008, 03:30 PM

Kerkorian simply sees better opportunity in other stocks and is willing to take his beating on Ford to make it up elsewhere in a faster period of time. If you hold Ford, it may be a couple of years before you see any decent return on it. My .02

**Mr70** · #5 10-22-2008, 04:57 PM

If at all.
There are much better opportunities to make ones money grow larger in the same,or even a shorter amount of time today.
He made a smart decision.

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