Quote:
Originally Posted by 8cd03gro
Ford is down because Ford had a buying frenzy through 2009-2010 that artificially inflated it's PPS. The market adjusted and put it at a more realistic PPS with a noticable decrease congruent to the direction of the general market. However, Ford's drop is from a 10 yr high while GM's is from an IPO after bankruptcy and restructuring by the Fed. Did you know Ford still has a higher Market Cap than GM at this very moment? GM should never have bumped the IPO PPS to $33. It was a bad move when you're trying to improve investor confidence, sorry if you disagree, but that's a fact.
|
great post. thank you for the info.