We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Irrational exuberance, Detroit-style

12 February 2007 By Antony Currie

The current stock price implies a near$40bn valuation to the car business. That suggests heroic assumptions about its profitability. It s probably worth half that. The good news is that means Ford needn t go bankrupt. The bad news is it values the stock at zero.

This content is for Subscribers only


Email a friend

Please complete the form below.

Required fields *


(Separate multiple email addresses with commas)