Even though Ford has about $28 billion in cash, that cash is not going to last forever when you are buringin through between $1- $2 billion per month. Given the current burn rate, I suspect Ford can weather the next couple of quarters, but short term I am extremely bearish on Ford. The consumer is cash and credit constrained at this point and unfortunately you need both in this market to purchase new vehicles. Until the consumer credit market unfreezes, there will continue to be downward pressure on Ford's earnings.
$1.97 (11/10/08)
