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Analyst Blog  

Ford's New Target Price: $0

November 18, 2008 | Comments: 0
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We believe Ford Motor Company (F - Analyst Report) should file for bankruptcy to rid itself of Unions, pension and healthcare issues. The US government should provide $25-50 billion in aid which will act as DIP [debtor-in-possession] financing.

Any aid should force the company to only make 35 MPG+ vehicles. Management should be purged and outsiders brought in. Tariffs and quotas should be implemented for imported vehicles from overseas. Consumers should be allowed to deduct their automotive interest.

Lastly, global alliances should be forged among producers in North America, Europe and Asia. From an equity holder perspective, this compel us to rate the shares a Sell with a six-month target price of $0.00.

Read the full analyst report on F


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