I’ve commented on the Kerkorian “bet” on Ford before, and the story just got more interesting. Not only is his Tracinda Corporation buying lots more shares, but they’ve removed an ‘escape hatch’ they had should the stock sink in the future.
Certainly they are smarter than your humble author, and I think their strategy is worth following.
Go Ford!
http://dailybriefing.blogs.fortune.cnn.com/2008/05/30/kerkorian-stands-by-ford-offer/
