Comments on: Kerkorian’s Tracinda exits auto industry, divests rest of Ford stock

By: RaineMan

RaineMan — Tue, 30 Dec 2008 17:46:02 +0000

He just wanted a huge tax credit on this year’s return.

By: Z06ified

Z06ified — Tue, 30 Dec 2008 16:21:11 +0000

Long term, I think it was a mistake for him to sell the Ford stock. They’ll come around and perform well within 2 years.

Than again, when you’re 91, what difference does it make?

By: mulletmaster

mulletmaster — Tue, 30 Dec 2008 15:20:45 +0000

Based on the below math stated in the article dude paid a million dollar per share premium over market value?

“Tracinda spent $995 million on 141 shares of Ford at an average of $7.07 a share”

By: 1c3d0g

1c3d0g — Tue, 30 Dec 2008 02:04:51 +0000

Thank Jesus. It’s about time the old bastard gave it up. You can’t buy the entire auto industry, pops.

By: johnnycanuck

johnnycanuck — Mon, 29 Dec 2008 23:25:50 +0000

He just needed some spare change for a nut tuck.

By: Mutant@DCX

Mutant@DCX — Mon, 29 Dec 2008 23:08:42 +0000

$600 million dollar loss for Kirk Kerkorian from April to December on Ford stock. That leaves him with 18 biillon in change.

That’s alot of coin to throw away, even when your just f******* around with the auto industry for s***** and giggles

By: yarddog82abn

yarddog82abn — Mon, 29 Dec 2008 22:06:35 +0000

Kerkorian is 91, WOW…. could it be that the old is losing it?…

By: Borat

Borat — Mon, 29 Dec 2008 21:22:07 +0000

On a positive note the guys will have a great tax write off for 2008

By: HoosierHero

HoosierHero — Mon, 29 Dec 2008 20:45:30 +0000

Yep. I’m actually buying Ford right now for speculation. They have some great products coming up. I just hope they can position them well and hit their price points!

By: AnonymousCoward

AnonymousCoward — Mon, 29 Dec 2008 20:30:35 +0000

Another so called “expert” having no clue about where the market is heading…