RE:RE:RE:RE:RE:RE:RE:Pending announcement ???
Regarding no business post Ford, I seem to recall mgt commenting on this once in the past. I think there could be initially a partial distribution of net assets (cash) to shareholders after Ford wind down, with "some" money set aside for litigation costs...don't forget that an annual meeting will happen a few months after Ford wind down, so if mgt is being frivolous (eg: paying numerous redundant business managers after Ford), they will likely get voted out at that time, would they not?
Also, Mr Nutt holds a lot of stock, and current mgt has been quite shareholder friendly. Look at the dividends, both regular and special, in the last while. So his interests should be aligned -- somewhat -- with ours.
I think the bigger fear is mgt making a bad decision in buying a new business, given the general state of manufacturing in north america. But its not like they can afford to buy (with leverage) a big business, so to get something large enough to justify continuance as a public firm, I think they would spend most/all of their cash, and would therefore have to be profitable in short order to pay salaries etc. Bankers are not stupid like government, so AM is not going to get the kind of ongoing financial backing that the automakers have gotten.
Pickings are slim, but I'll also say that AM specializes in efficiency and timeliness, something that some companies/mgrs are lacking. Could be quite the thrill ride.