Ford (F): Kerkorian No Longer Considered “Smart Money”

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Kirk Kerkorian used to be considered "smart money". He wears a dunce hat now that Ford (F) is back near $2. According to Reuters his investment firm, Tracinda Corp., has sold all of its shares in the auto company.

Kerkorian began to buy the stock in late April when the stock was at $7 . At one point he owned over 133 million shares.

Douglas A. McIntyre