PleasantAnomaly t1_j9oyec5 wrote on February 23, 2023 at 3:23 PM

Still wayyy too much debt. Last I checked it was 139 BILLION

wallstreetbetsdebts t1_j9pihk4 wrote on February 23, 2023 at 5:29 PM

If they owe 139 billion then, that's the banks problem, this seems bullish 🎰

Iwouldbangyou t1_j9p29dj wrote on February 23, 2023 at 3:48 PM

Isn’t that from their customers financing car purchases through ford?

link_dead t1_j9pnrt1 wrote on February 23, 2023 at 6:02 PM

No the CEO accidentally purchased under body coating, wheel and tire coverage, and the extended warranty when he was financing operations.

PreciousAliyah t1_j9pjcql wrote on February 23, 2023 at 5:35 PM

But yet they just did a massive 65 cent special dividend. I think that's irresponsible when they owe so much money.

Bryguy3k t1_j9pjwfz wrote on February 23, 2023 at 5:38 PM

Once a company starts a dividend and the big retirement funds pick it up they can’t stop it. If they halted the dividend and institutional investors (code word for municipal retirement funds) dump the stock it crashes hard.

KJAMAR t1_j9s80e8 wrote on February 24, 2023 at 4:30 AM

The special dividend was from selling their stake in Rivian. It was a one time event. You may be correct though they could have used it more effectively

PreciousAliyah t1_j9s84qe wrote on February 24, 2023 at 4:31 AM

That is correct. Paying off some debt would have probably been better long term than paying us the dividend.