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  • November 20, 2009 11:59 AM UTC by Liz Claman

    Cypress Semi CEO: "Big Gov't Spending the Wrong Path"

    TJ Rodgers is unlike any other CEO in this country for a whole host of reasons.  I respect him because he founded companies, bought floundering ones and turned them into money-makers, and he’s an independent thinker. 

    You don’t have to agree with his Libertarian focus on every level but you *have* to listen to the interview below about what he thinks of both Democrat and Republican government spending and how it is so far from the real answer to the economic stability and success question.  Specifically, he thinks the Obama Administration is spending too much, but he launches a zinger at the Bush Administration as well, charging that it “beat every president but LBJ” on outrageous spending.

    Oh, and his stock is up more than 200% year-over-year.  Need I say more?  click on the clip below.

    –Liz

     

    Ford Stock Drops as Associates is Spun Off.

    Knight Ridder/Tribune Business News April 8, 1998 By Jennifer Bott, Detroit Free Press Knight Ridder/Tribune Business News DETROIT–Apr. 8–Ford Motor Co. shareholders woke today to a 33-percent drop in the price of their stock. here ford stock price today

    Although expected, the price plunge, from $65.50 per share at the close of trading Tuesday to a projected $43.75 this morning, was still a real eye-opener.

    It resulted from finalizing the automaker’s spin-off of Associates First Capital Corp., Ford’s former consumer-finance company.

    Ford stockholders received in compensation 0.2621 shares of Associates’ stock for every Ford share they own. Associates’ stock closed Tuesday at $84.38 per share.

    The Ford stock price dip was anticipated because the spin-off removed about a third of Ford’s income stream, represented by Associates revenue. The spin-off, announced Oct. 8, sets the consumer-finance company free to trade on its own and allows Ford to concentrate on making and selling cars and trucks.

    About 135,000 Ford employees who collectively hold 146 million Ford shares in their 401(k) plans will share a $3.2-billion cash reimbursement, posted to their accounts Tuesday, for the lost value of the Associates. It also includes a special $2.57-per-share dividend from Ford.

    Based on the average Associates trading price Tuesday, Ford employees got $22.12 cash per Ford share in their company-sponsored retirement plans. The final payout was 82 cents higher than the $21.30 initially estimated by Ford when it announced details of the spin-off. website ford stock price today

    Ford officials said about 90 percent of employees elected to keep the cash reimbursement in their plans.

    The remaining 10 percent of workers decided to take the cash out of the accounts, penalty free but subject to taxes. Those checks are to be mailed next week.

    David Healy, an auto analyst with Burnham Securities, said with Associates trading on its own, Ford will be a less diversified company, “Which isn’t necessarily bad.” He said Ford is making progress cutting costs and introducing products. He predicted Ford’s 1998 earnings will be 2-percent higher than in 1997. That means Ford stock should increase in value. In a decent market, Ford shares could reach $50 within 12 months, Healy said.

    —– —– F,

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WILLIAM MILLER

KILLING HEALTH CARE. We have the power, not trips to D.C. not beating down office doors, IT'S OUR MONEY ! First thing tomorrow morning go to your BANK. On all Day 2 Day accounts draw them down to their minimums. take the funds in the form of a Cashiers Check Only. (made out in your name.) On the way out of the bank, tell your banker you "might" re-deposit your money if congress starts listening to the 85% happy with their health care. Money the only thing politicians understand.

November 20, 2009 at 9:09 pm

about this blog

  • Liz Claman joined FOX Business Network (FBN) as an anchor in October 2007. Her debut included an exclusive interview with Berkshire Hathaway CEO and legendary investor Warren Buffett.

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