Rob, the numbers are incredible! At the end of the second quarter, Ford had $21B in cash/securities on hand. Their debt has dropped from $34B at the end of 2009 to $27B. These numbers are absolutely encouraging. If Ford manages to pay down another $6B by years end, this will make them a net credit company instead of a net debit, which will be looked upon very favorably by the markets IMO. Do you know if the numbers can be broken down to coastal markets such as CA? I know that Peter has brought this point up a couple of times, but I believe it is a valuable one. If indeed the coastal markets show a major shift from Japanese manumfacturers to Ford, this speaks volumes. Well done Ford Fools!!!!Alp.s. Still didn't win that Powerball, so the sweetest Mustang built is still out of my grasp! LOL!
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