GoFuckYourself.com - Adult Webmaster Forum - View Single Post - Holy SHIT!! Ford lost $24,000 per minute last year....

Brad Mitchell · 01-25-2007, 08:10 PM

The US auto industry is going the way of the steel industry and all other manufacturing. It will never be what it once was, it is only a matter of time before Ford becomes an acquisition. In every important way, they are too far gone. It's easy to know the numbers on the direct employee cuts but you all can't even imagine the SUPPLIERS and hundreds of thousands of jobs already gone there and continuing to vanish. This is all in my back yard here and ties much closer to home than you can imagine. The legacy of Ford is quite fantastic, mostly, but the future is completely hopeless. GM, not far off, but probably more hopeful. Sure, just uneducated opinions here, but they're not something I wouldn't put money on.

And with regard to the 'Kmart' rebound - that wasn't a rebound at all for investors. I had friends and family lose millions of dollars in stock because it all got zero'd out, unsellable. It did not recover, the stock that shareholders owned was essentially thrown out and new stock was issued. Sure, the company has made some kind of recovery but bankruptcy and fucking all of your payables will help with that. If you've ever been into a Kmart in the last few years, you'll see for yourself that it's a shit store. We have them all over Detroit here. It's not half the store or customer experience of a Target, Walmart, Meijers. Based on that I believe they have limited upside.

Brad

01-25-2007, 08:10 PM
Brad Mitchell Confirmed User Industry Role: Join Date: Nov 2001 Location: Southfield, MI Posts: 9,812	The US auto industry is going the way of the steel industry and all other manufacturing. It will never be what it once was, it is only a matter of time before Ford becomes an acquisition. In every important way, they are too far gone. It's easy to know the numbers on the direct employee cuts but you all can't even imagine the SUPPLIERS and hundreds of thousands of jobs already gone there and continuing to vanish. This is all in my back yard here and ties much closer to home than you can imagine. The legacy of Ford is quite fantastic, mostly, but the future is completely hopeless. GM, not far off, but probably more hopeful. Sure, just uneducated opinions here, but they're not something I wouldn't put money on. And with regard to the 'Kmart' rebound - that wasn't a rebound at all for investors. I had friends and family lose millions of dollars in stock because it all got zero'd out, unsellable. It did not recover, the stock that shareholders owned was essentially thrown out and new stock was issued. Sure, the company has made some kind of recovery but bankruptcy and fucking all of your payables will help with that. If you've ever been into a Kmart in the last few years, you'll see for yourself that it's a shit store. We have them all over Detroit here. It's not half the store or customer experience of a Target, Walmart, Meijers. Based on that I believe they have limited upside. Brad __________________ President at MojoHost \| brad at mojohost dot com \| Skype MojoHostBrad 71 industry awards for hosting and professional excellence since 1999 Last edited by Brad Mitchell; 01-25-2007 at 08:11 PM..