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Kirk Kerkorian May Lose $670 Million On Ford Gamble

 
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sjmmail2000-247

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Since: Mar 17, 2008
Posts: 2123



(Msg. 1) Posted: Wed Oct 22, 2008 1:13 am
Post subject: Kirk Kerkorian May Lose $670 Million On Ford Gamble
Archived from groups: alt>autos>ford (more info?)

We wondered if Kirk Kerkorian wasn't just a little mad when he bought a 5.5% stake in Ford after selling his GM stock and unsuccessfully attempting to buy Chrysler. News that he's now bailing on his investment has some estimating that Kerkorian, who owns the primary stake in MGM Grand, lost upwards of $670 million on his gamble. The math below the jump. Kerkorian's company, Tracinda Corp., added approximately 141 million shares of Ford between April and June of this year at an estimated cost of ...
Read More: http://feeds.gawker.com/~r/jalopnik/full/~3/427808742/kirk-kerkorian-m...lose-67

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