My point would be, that F could be so deep in debt and entitlements, that it is beyond saving. I’m not saying it is a buy, or a sell, but the fact is that they are burdened by entitlements. F, GM, and many other companies today, mirror the policies and strategies of the Federal Govt. Sure as heck, our current govt is headed the way of GM. I’m not so sure it can be saved, without destroying the value of the dollar.
So many folks I’ve talked to about GM over the last several years, tried to point their finger about GM products. That is erroneous. They sold plenty of product, but the overhead of debt and entitlements became a burden that could not survive a downturn in the economy. If the economy had stayed fine, they could have limped along for a good while longer. F is in no better shape really. Product, has nothing to do with it.
I agree with you entirely.