Farley investmentIt is an interesting move by Farley. First, it show the Ford family he is committed. The definitely gives him a log up for the CEO position. Second. let's say he bought it at $5 (probably less). If it hits $6, (likely before the end of the year) that is a 20% gain ! Not bad ROI !
People have forgotten, that money was going out the door like water before COVID-19 ! Besides the huge investments they were pouring into EV/hybrids they were also deep into two major real estate projects, rebuilding Dearborn R&E and rebuilding the Michigan Depot train station. I have not seen any recent cost projections but I am pretty sure the R&E project (which included TWO new computer centers off of the R&E campus) is going to be over $1B (and did NOT include a remodel of WHQ) and Michigan Depot will be close to $1B.
I drove through R&E about 1 year ago (Village Road runs all the way from the Southield freeway service drive to Outer Drive). First, cooling ponds near the front of R&E are gone. Second, Village Road is not longer straight. They have added a couple of parking structures. BUT they have not started tearing down any of the major engineering building.
My guess is that both of these project will be "back burner" for the next 3-5 years.Wed, 06 May 2020 14:07:02 +0000
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