Comments on: Captain Kirk Beams Down, Dumps Ford Stock http://www.thetruthaboutcars.com/captain-kirk-beams-down/ The Truth About Cars is dedicated to providing candid, unbiased automobile reviews and the latest in auto industry news. Sun, 22 Nov 2009 13:11:54 -0500 http://wordpress.org/?v=2.8.6 hourly 1 By: RobertSD http://www.thetruthaboutcars.com/captain-kirk-beams-down/comment-page-1/#comment-1097082 RobertSD Tue, 30 Dec 2008 06:20:38 +0000 http://www.thetruthaboutcars.com/?p=201371#comment-1097082 The sale of his Ford stake is almost entirely to support his sagging Vegas ventures... He bought the Ford shares on leverage from the MGM shares. But those shares have since plummeted even further than Ford's shares. Kind of a bad situation to be in, but what has that taught us about over-leveraging ourselves with the hope of making a quick buck? The sale of his Ford stake is almost entirely to support his sagging Vegas ventures… He bought the Ford shares on leverage from the MGM shares. But those shares have since plummeted even further than Ford’s shares. Kind of a bad situation to be in, but what has that taught us about over-leveraging ourselves with the hope of making a quick buck?

]]> By: John Horner http://www.thetruthaboutcars.com/captain-kirk-beams-down/comment-page-1/#comment-1096881 John Horner Tue, 30 Dec 2008 04:21:54 +0000 http://www.thetruthaboutcars.com/?p=201371#comment-1096881 Tis the season to take your losses so that Uncle Sam can share the pain. Income tax receipts at the state and federal level are going to take a massive hit in the first half of 2009 as the consequences of this melt down work their way through to tax returns. The downdraft hitting big earner's annual bonuses is also going to be a big problem. Not long ago the governor of New York State noted that Goldman Sachs bonus haircut would mean the loss of $168m of income taxes to New York alone. Tis the season to take your losses so that Uncle Sam can share the pain. Income tax receipts at the state and federal level are going to take a massive hit in the first half of 2009 as the consequences of this melt down work their way through to tax returns. The downdraft hitting big earner’s annual bonuses is also going to be a big problem. Not long ago the governor of New York State noted that Goldman Sachs bonus haircut would mean the loss of $168m of income taxes to New York alone.

]]> By: Banned User http://www.thetruthaboutcars.com/captain-kirk-beams-down/comment-page-1/#comment-1096822 Banned User Tue, 30 Dec 2008 03:57:40 +0000 http://www.thetruthaboutcars.com/?p=201371#comment-1096822 Probably needs money to prop up his Vegas ventures. Vegas is being hit hard by the downturn. Probably needs money to prop up his Vegas ventures. Vegas is being hit hard by the downturn.

]]> By: Rix http://www.thetruthaboutcars.com/captain-kirk-beams-down/comment-page-1/#comment-1096371 Rix Tue, 30 Dec 2008 00:38:32 +0000 http://www.thetruthaboutcars.com/?p=201371#comment-1096371 Call me crazy but I don't think K.K. is making the right move. I believe Ford is going to survive and make it through and I'm putting my money where my mouth is- I have bought Ford bonds. It's a risky bet but in my view a good one, since I paid 15% of face value. Call me crazy but I don’t think K.K. is making the right move.

I believe Ford is going to survive and make it through and I’m putting my money where my mouth is- I have bought Ford bonds.

It’s a risky bet but in my view a good one, since I paid 15% of face value.

]]> By: eh_political http://www.thetruthaboutcars.com/captain-kirk-beams-down/comment-page-1/#comment-1096362 eh_political Tue, 30 Dec 2008 00:37:16 +0000 http://www.thetruthaboutcars.com/?p=201371#comment-1096362 Let's see if he can work his magic with Toyota. Let’s see if he can work his magic with Toyota.

]]> By: Cicero http://www.thetruthaboutcars.com/captain-kirk-beams-down/comment-page-1/#comment-1096002 Cicero Mon, 29 Dec 2008 22:03:16 +0000 http://www.thetruthaboutcars.com/?p=201371#comment-1096002 Given his recent track record investing in auto companies, Kerkorian might want to look into Tesla. It's a ground floor opportunity! Given his recent track record investing in auto companies, Kerkorian might want to look into Tesla. It’s a ground floor opportunity!

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