salsakingcpa Posted April 28, 2008 Share Posted April 28, 2008 TO ALL THOSE SHORT SIGHTED LOSERS WHO FLAMED FOR POINTING OUT THE OBVIOUS BY ME: WTF DO YOU THINK BEAR DOWNGRADED THE STOCK, SO IT CAN BUY CHEAP AND SELL IT TO TRANCINDA. DO YOU THINK BEAR AND JP MORGAN AND GOLDMAN DIDN'T KNOW THAT TRANCINDA WAS GOING TO BUY THESE MANY SHARES. THESE COMPANIES ARE KNOWN AS MARKET MAKERS; THEY BASICALLY KNOW EVERYTHING THATS IS GOING ON IN THE STOCK MARKET. Link to comment Share on other sites More sharing options...
Furious1Auto Posted April 28, 2008 Share Posted April 28, 2008 (edited) TO ALL THOSE SHORT SIGHTED LOSERS WHO FLAMED FOR POINTING OUT THE OBVIOUS BY ME: WTF DO YOU THINK BEAR DOWNGRADED THE STOCK, SO IT CAN BUY CHEAP AND SELL IT TO TRANCINDA. DO YOU THINK BEAR AND JP MORGAN AND GOLDMAN DIDN'T KNOW THAT TRANCINDA WAS GOING TO BUY THESE MANY SHARES. THESE COMPANIES ARE KNOWN AS MARKET MAKERS; THEY BASICALLY KNOW EVERYTHING THATS IS GOING ON IN THE STOCK MARKET. Can't argue that, the are some of the banking interests that control our whole monetary system and the Federal reserve. It's like 1933 all over again. Crash the value of what you want to by, and get it for pennies on the dollar! The Central banking system needs to be dismantled. We don't need a private bank printing our money for us at interest when the government is capable. If the government printed our money then we could eliminate the Federal income tax. They'll be pushing why we should except a one continental currency (the Amero, or what ever they wish to call it) after they devalue the dollar enough. It is intentional so that they can sell you on the new currency, all of it will happen under the guise of protecting your money's value. Don't buy the BS. Don't accept the new currency. Edited April 28, 2008 by Furious1Auto Link to comment Share on other sites More sharing options...
SVT_MAN Posted April 28, 2008 Share Posted April 28, 2008 Trancinda only increased their interest by about 1%. That isn't enough. Link to comment Share on other sites More sharing options...
NickF1011 Posted April 28, 2008 Share Posted April 28, 2008 Trancinda only increased their interest by about 1%. That isn't enough. Increasing their interest by 10,000% would be enough. The Ford family controls almost all of the voting power for the company. Nothing will ever transpire without their direct approval. Salsaqueen, go spew your ridiculous theories to someone else. We ain't buying. Link to comment Share on other sites More sharing options...
DearbornDerek Posted April 28, 2008 Share Posted April 28, 2008 120 million shares would still only be 5.4%. A long way from a takeover. You would need close to $10B to buy enough stock for a takeover and the way the stock is set up no one but the Ford family will ever have enough for controlling intrest. Link to comment Share on other sites More sharing options...
SVT_MAN Posted April 28, 2008 Share Posted April 28, 2008 DETROIT - Billionaire Kirk Kerkorian plans to make an offer that would expand his stake in Ford Motor Co. to 5.6 percent, saying Monday he sees signs the automaker's turnaround plan is working. Tracinda said Ford's first-quarter results reinforced that the company is having success in its turnaround efforts, despite the difficult U.S. economy. "Tracinda believes that Ford management under the leadership of Chief Executive Officer Alan Mulally will continue to show significant improvements in its results going forward," Tracinda said in the statement. Ford on Thursday announced it had turned a surprise profit of $100 million in the first quarter of this year, its first quarterly profit since the second quarter of 2007. Following the positive news, Mulally reiterated his promise that the Dearborn company's restructuring will return Ford to black ink for 2009. Am I the only one who views this as positive news? http://www.forbes.com/feeds/ap/2008/04/28/ap4940589.html Link to comment Share on other sites More sharing options...
DearbornDerek Posted April 28, 2008 Share Posted April 28, 2008 Am I the only one who views this as positive news? http://www.forbes.com/feeds/ap/2008/04/28/ap4940589.html nope. very good news. Link to comment Share on other sites More sharing options...
wescoent Posted April 28, 2008 Share Posted April 28, 2008 120 million shares would still only be 5.4%. A long way from a takeover. You would need close to $10B to buy enough stock for a takeover and the way the stock is set up no one but the Ford family will ever have enough for controlling intrest. Glad to know SOMEONE'S paying attention. No one but the Ford family will ever have control of the company. Not long ago, even when some Ford family members were considering selling their shares, other Ford family members offered to buy them. Link to comment Share on other sites More sharing options...
Edstock Posted April 28, 2008 Share Posted April 28, 2008 No one but the Ford family will ever have control of the company. Not long ago, even when some Ford family members were considering selling their shares, other Ford family members offered to buy them. It seems that Slasa just can't comprehend this simple truth, and anybody who says this is branded by him as a "loser". Link to comment Share on other sites More sharing options...
Ford Jellymoulds Posted April 28, 2008 Share Posted April 28, 2008 (edited) nope. very good news. Yes it is good new if you own Ford shares others are now thinking they are a very good investment. Tracinda said Ford's first-quarter results reinforced that the company is having success in its turnaround efforts, despite the difficult U.S. economy. "Tracinda believes that Ford management under the leadership of Chief Executive Officer Alan Mulally will continue to show significant improvements in its results going forward," Tracinda said in the statement. The Ford offer is just the latest effort by Kerkorian, 90, to build a significant investment in a U.S.-based automotive company. The Ford family owns shares that control 40 percent of the company, making a takeover difficult. Edited April 28, 2008 by Ford Jellymoulds Link to comment Share on other sites More sharing options...
salsakingcpa Posted April 28, 2008 Author Share Posted April 28, 2008 (edited) Smart ****, do you think he/they own just this much by now indirectly or directly, they should own at least 9.5%, this is the guy through his affiliates owned 10% of GM when gm was trading around 30-40 dollars a share. That amount 10% corresponds or is equal to around 40-50% of Folrd shares/value because GM was worth much more than Ford did about 2 years ago. Through a proxy vote, Trancinda can convince other shareholders to vote for its cause, and Ford management would be out of their jobs. The only thing that can save in this situation is for the Ford Family to control around 49/50% of voting stock. I think the UAW might be willing to help out Ford, now that UAW could end up owning about 20% of Ford Shares. Glad to know SOMEONE'S paying attention. No one but the Ford family will ever have control of the company. Not long ago, even when some Ford family members were considering selling their shares, other Ford family members offered to buy them. Edited April 28, 2008 by salsakingcpa Link to comment Share on other sites More sharing options...
jobu37 Posted April 28, 2008 Share Posted April 28, 2008 I was hoping that Ford would fall back to the $6.00 range so I could buy more shares at rock bottom prices before the certain ascention towards the end of the year. This postpones that possibility and may keep enough interest in the stock to keep it from ever getting down that low again. So I view this as bad in that sense. The other potential downside to Tracinda's interest in Ford is Kerkorian's relentless fascination with "merging" American auto manufacturers with foreign ones. I fear with a 5% interest and eventually more he may start pushing a merger with someone like Volkswagen since his most recent favorite, Nissan, seems set on taking on the Chrysler experiment. While he can't make it happen I fear it could be a big distraction for Ford and may cause them to veer off course in regards to following the plan they have in place that gives every indication it will work if just given a chance. This is probably just the pessimist in me. Link to comment Share on other sites More sharing options...
Ford Jellymoulds Posted April 28, 2008 Share Posted April 28, 2008 Through a proxy vote, Trancinda can convince other shareholders to vote for its cause, and Ford management would be out of their jobs. The only thing that can save in this situation is for the Ford Family to control around 49/50% of voting stock. I think the UAW might be willing to help out Ford, now that UAW could end up owning about 20% of Ford Shares. Some how l don't think shareholders will be wanting to get of rid of the Ford management, as together with the workforce they have just turned around a 12.7 billion loss into a profit, l think that Trancinda see's Ford just as good future investment, just like Warren Buffet likes the taste of Wrigley's so he bought into the stock. Link to comment Share on other sites More sharing options...
salsakingcpa Posted April 28, 2008 Author Share Posted April 28, 2008 I am a big fan of Mr. Mulally & Company, but Ford shareholders are tired of Ford's family control of Ford Motor through its special stock; they own just around 5% of Ford shares but control it with 40% voting ability. Its shareholders have repeatedly asked Ford Management to relinquish that super vote ability. Now it may the chance to do it with tracinda and the pissed Off shareholders. Some how l don't think shareholders will be wanting to get of rid of the Ford management, as together with the workforce they have just turned around a 12.7 billion loss into a profit, l think that Trancinda see's Ford just as good future investment, just like Warren Buffet likes the taste of Wrigley's so he bought into the stock. Link to comment Share on other sites More sharing options...
Noah Harbinger Posted April 28, 2008 Share Posted April 28, 2008 Since the 2.2 billion publicly traded shares represent 60% of company votes, you'd need to buy 83% of the public stock to take control of the company. With a market cap of 18.14B (this second), you'd need $15.11 billion to do that. In reality, you'd need to offer a decently large premium to get that many people to sell their shares. Institutional investors hold 77%, so the offer would have to be big enough to convince all of them (who would probably jump at the immediate cash) and 26% of the remaining individual investors to sell. So maybe $30 billion to take over Ford? There were a small handful of takeovers on that magnitude over the last year... but that was in a much much much more liquid credit market. By the time the credit market stabilizes, Ford's stock price may well have returned to a high enough price to make a takeover impossible. Link to comment Share on other sites More sharing options...
Noah Harbinger Posted April 28, 2008 Share Posted April 28, 2008 I am a big fan of Mr. Mulally & Company, but Ford shareholders are tired of Ford's family control of Ford Motor through its special stock; they own just around 5% of Ford shares but control it with 40% voting ability. Its shareholders have repeatedly asked Ford Management to relinquish that super vote ability. Now it may the chance to do it with tracinda and the pissed Off shareholders. Again, they'd need 83% voting to do so. That's a pretty hard number to get. Link to comment Share on other sites More sharing options...
Noah Harbinger Posted April 28, 2008 Share Posted April 28, 2008 I was hoping that Ford would fall back to the $6.00 range so I could buy more shares at rock bottom prices before the certain ascention towards the end of the year. This postpones that possibility and may keep enough interest in the stock to keep it from ever getting down that low again. So I view this as bad in that sense. The other potential downside to Tracinda's interest in Ford is Kerkorian's relentless fascination with "merging" American auto manufacturers with foreign ones. I fear with a 5% interest and eventually more he may start pushing a merger with someone like Volkswagen since his most recent favorite, Nissan, seems set on taking on the Chrysler experiment. While he can't make it happen I fear it could be a big distraction for Ford and may cause them to veer off course in regards to following the plan they have in place that gives every indication it will work if just given a chance. This is probably just the pessimist in me. I suspect as the quarter wears on and bad economic data continues to pour out, the price will drop again. I'm surprised Kerkorian doesn't wait until then and buy shares slowly at market price. Unlike GM or Chrysler, Ford has nothing to gain from merging with another company. GM and Chrysler need help with small cars, but Ford has Ford of Europe and Mazda already, the two best small-car companies in the world. And again, because of how voting is set up, he'll never have the same pull as he did at GM. Link to comment Share on other sites More sharing options...
NickF1011 Posted April 28, 2008 Share Posted April 28, 2008 Since the 2.2 billion publicly traded shares represent 60% of company votes, you'd need to buy 83% of the public stock to take control of the company. With a market cap of 18.14B (this second), you'd need $15.11 billion to do that. In reality, you'd need to offer a decently large premium to get that many people to sell their shares. Institutional investors hold 77%, so the offer would have to be big enough to convince all of them (who would probably jump at the immediate cash) and 26% of the remaining individual investors to sell. So maybe $30 billion to take over Ford? There were a small handful of takeovers on that magnitude over the last year... but that was in a much much much more liquid credit market. By the time the credit market stabilizes, Ford's stock price may well have returned to a high enough price to make a takeover impossible. That's also assuming that the Ford family would make zero effort to buy more common shares to make a takeover impossible no matter what else anyone owned. They are close enough with the 40% voting stake that nobody is going to try....even Tracinda. Sorry, Salsa. Link to comment Share on other sites More sharing options...
Noah Harbinger Posted April 28, 2008 Share Posted April 28, 2008 From the Forbes article: "We welcome confidence in Ford and the progress we are making on our transformation plan. Any investor can purchase Ford shares, which are sold on the open market," Mulally and Ford Executive Chairman Bill Ford said in a joint statement. "The Ford team remains focused on executing our plan to transform Ford into a lean global enterprise delivering profitable growth for all." In other words: "Ford sees you. Ford don't care." or maybe: "How cute. Now go back to playing with your casinos." Link to comment Share on other sites More sharing options...
Noah Harbinger Posted April 28, 2008 Share Posted April 28, 2008 That's also assuming that the Ford family would make zero effort to buy more common shares to make a takeover impossible no matter what else anyone owned. They are close enough with the 40% voting stake that nobody is going to try....even Tracinda. Sorry, Salsa. Yeah, it would only take about $3 billion for the Ford family to buy up the common shares needed to have a 50% stake. Link to comment Share on other sites More sharing options...
salsakingcpa Posted April 28, 2008 Author Share Posted April 28, 2008 Kerkorian appearance at the Gate's of Ford Family COULD BE A GOOD THING!!! Remember Mr. Mulally wanted to sell Volvo, but Mr. Bill Ford was unwilling, well now, that Tracinda and Kerkorian are here; maybe, Mr. Ford is going to change his mind, and finally sell Volvo to raise some cash. Link to comment Share on other sites More sharing options...
J-150 Posted April 28, 2008 Share Posted April 28, 2008 I am a big fan of Mr. Mulally & Company, but Ford shareholders are tired of Ford's family control of Ford Motor through its special stock; they own just around 5% of Ford shares but control it with 40% voting ability. Its shareholders have repeatedly asked Ford Management to relinquish that super vote ability. Now it may the chance to do it with tracinda and the pissed Off shareholders. Ford shareholders knew of this arrangement when they bought in. And if they didn't due to failure to research, then they deserve to lose money in the stock market Link to comment Share on other sites More sharing options...
J-150 Posted April 28, 2008 Share Posted April 28, 2008 Kerkorian appearance at the Gate's of Ford Family COULD BE A GOOD THING!!! Remember Mr. Mulally wanted to sell Volvo, but Mr. Bill Ford was unwilling, well now, that Tracinda and Kerkorian are here; maybe, Mr. Ford is going to change his mind, and finally sell Volvo to raise some cash. ya know, Rick Wagoner told Krekorian to eff off and he was only a CEO. Mulally, with the backing of The Family, has way more clout and power when he tells Krekorian and Jerry York to eff off. Link to comment Share on other sites More sharing options...
TStag Posted April 28, 2008 Share Posted April 28, 2008 I wouldn't mind betting that Kerkorian is looking at mergin Ford with someone else. My bet is that VW is eyeing Ford up at the moment anyway. If you read some of the press coming from VW then you get the impression that buying a US car maker is a distinct possibility. Link to comment Share on other sites More sharing options...
J-150 Posted April 28, 2008 Share Posted April 28, 2008 I wouldn't mind betting that Kerkorian is looking at mergin Ford with someone else. My bet is that VW is eyeing Ford up at the moment anyway. If you read some of the press coming from VW then you get the impression that buying a US car maker is a distinct possibility. VW is possible, but with Porsche now calling the shots there it might not happen. With Renault/Nissan likely merging with Chrysler, I see Peugeot/Citroen as the more likely partner. Link to comment Share on other sites More sharing options...
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