  Docmo Member Username: Docmo Post Number: 328 Registered: 10-2005 |
Anyone else thinking of plunking down a bit of cash in the venerable Ford Motor Company? Or, is the thought that they will completely tank in the next couple of years? http://www.detnews.com/apps/pb cs.dll/article?AID=20088010503 49 | ||
Rokk_krinn Member Username: Rokk_krinn Post Number: 60 Registered: 10-2003 |
I just bought some. While I don't think they will regain the number 2 position, I think they will stabilize and become profitable. | ||
Iheartthed Member Username: Iheartthed Post Number: 2467 Registered: 04-2006 |
quote: I'm gonna sit this one out, but it will be interesting to see what happens! | ||
Rustic Member Username: Rustic Post Number: 3196 Registered: 10-2003 |
I'd do it if I could ... but I'm tied up holding some Studebaker-Packard stock that's gonna turn around one of these days ... | ||
Deandub11 Member Username: Deandub11 Post Number: 194 Registered: 05-2006 |
I'd bet you the stock slides further before going up again. The first half of this year could be especially rough. That being said, I do think they will return to profitability. | ||
Sknutson Member Username: Sknutson Post Number: 1037 Registered: 03-2004 |
I ALMOST bought some Chrysler stock for $3.00 in 1979 or thereabouts. Woulda coulda shoulda..... | ||
Lilpup Member Username: Lilpup Post Number: 3257 Registered: 06-2004 |
Did you see the recent press about their new engine technology? There was some on Friday, so if that plays right the stock could go up Monday. | ||
Mikeg Member Username: Mikeg Post Number: 1383 Registered: 12-2005 |
26 years ago this month, GM was trading at around $30 per share (which was down considerably from its peak 16 years earlier of about $115 per share - since then, GM stock has split 2 for 1 so the value of those $30 shares equate to a price of $15 today). Back in early 1982, I was a GM engineer with only about 10 years of service, but from what I could see, GM at $30 looked like a bargain. So I took a chance and bought 200 shares of GM and about two years later, I unloaded them at around $58, almost doubling my investment. Now GM (as well as Ford) stock is again selling at or near historically low prices. Would I sink some of my savings into 200 shares of GM or Ford in today's regulatory and sales environment? Only with a gun pointed at my head! | ||
Jjaba Member Username: Jjaba Post Number: 5917 Registered: 11-2003 |
Rustic, LOL, that a classic post, came from no where, and jjaba fucking fell offa his chair. Thanks. Hold on baby, maybe double down, you never know. jjaba. | ||
Mwilbert Member Username: Mwilbert Post Number: 54 Registered: 11-2007 |
(N.B. I do not own any of the securities mentioned below, nor do I recommend them. If Ford goes broke, these things probably won't be worth anything either.) You might look at some of the Ford convertible preferred (see http://finance.yahoo.com/q/bc? s=F-PS&t=2y) especially if Ford survives but takes a while to turn around, these will pay you a lot of money while you wait for the stock to come back, and if it comes back a lot, they are convertible back into stock at the owner's discretion, and will be redeemed in 2032 if they haven't been converted. I would probably buy something like that rather than Ford common shares. There is also some relatively attractive easily traded debt (actually a structured note--if you don't know what a structured note is, look it up if you consider buying it) traded as KSK. This just represents debt--if Ford goes broke, you might get something back, but the upside is limited, although it pays something like 15%. Personally, I would not be buying any auto maker right now--this isn't Ford-specific, but I don't think they can rally much going into a recession, which is what I expect. But certainly I have been wrong before. | ||
Mauser765 Member Username: Mauser765 Post Number: 2291 Registered: 01-2004 |
SELL SELL ! | ||
Rustic Member Username: Rustic Post Number: 3197 Registered: 10-2003 |
jjaba, be careful now, don't fall and break a hip now ... I'd hate it if sharing my investment stratagem sent ya to sinai hospital ... | ||
Jjaba Member Username: Jjaba Post Number: 5922 Registered: 11-2003 |
Rustic, oy, ROTFLMJAO. You are a hoot! jjaba. | ||
Softailrider Member Username: Softailrider Post Number: 104 Registered: 02-2007 |
I thought F was a screaming buy at 16.00 , so I bought some . Then , I thought it was a great buy at 12.00 so I bought some more . Held on to that doggy dog for a few years until I couldn't stand looking at it anymore . Sold it last year and I'll take a tax loss on it in April .Still have some Ford preferred , that sucks too . My Dad ( rest in peace ) always said buy a stock when it on it's way UP . Not when It's going down . As usual , he was right . | ||
Lefty2 Member Username: Lefty2 Post Number: 857 Registered: 07-2007 |
wait until june, then look. stock will sink lower because of restructuring issues. It should double or triple in about 3-4 years, but what so i know. | ||
Goblue Member Username: Goblue Post Number: 891 Registered: 03-2007 |
The F stock price isn't quite down to the Morningstar buy level...I'd wait a few more months...on the other hand...pigs get fat and hogs get slaughtered...greed is a terrible vice....I've thought about buying some myself...they're gonna make it! (Message edited by GoBlue on January 06, 2008) | ||
Livernoisyard Member Username: Livernoisyard Post Number: 4752 Registered: 10-2004 |
To put things into perspective, the Big Three automakers have market capitalizations (as of last Friday) of (in $ billions): 166, 118, and 91. The next two largest have market capitalizations of $13 billion each. Market caps The top three belong to Toyota, Honda, and Daimler, respectively. GM and Ford are really #4 and #5. Harley-Davidson, BTW, is worth a bit over $10 billion. So now, make your common-stock purchasing plans... (Message edited by LivernoisYard on January 06, 2008) |
