Should I buy Ford Stock???

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DaRizzle

DaRizzle

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So I have $500 burning a hole in my pocket....
In April 2004 they were over $15 a share...now $1.85
Think the Gov would really let them crumble?

A LINK to Ford Stock Info

I dont know shit about stocks but I dont see how this can go anywhere but up (famous last words)

So whatcha think? Any educated opinions?
 
It's a gamble at this point. My guess is that Ford is a lot closer to bankruptcy than they are to a rebound.
 
I think it's worth it.

Something has to give. The UAW strangle hold has to loosen or Ford is out the door. They have improved reliability well above other American car makers and sell well. Of all the Big 3, I see Ford as the most resiliant.
 
PapaG said:
It's a gamble at this point. My guess is that Ford is a lot closer to bankruptcy than they are to a rebound.
Click to expand...

Yes but with Obama constantly saying they (american car companies in general) are virtually the backbone of America do you really think hed let them crumble. I dont think so. Whats your opinion on that?
 
From what research I have done Ford is in a much better position than the other two companies to survive. First of all, they have not taken a dime from the government for survival, as the other two companies have. Secondly from what I have read, they believe they have enough cash to survive at least 2 years even if things don't smooth out soon.

I have been looking at Ford, and a couple of Banks which are really under valued right now, but are most likely going to survive this ordeal. Banks under $5 now that have been over $45 in the past.
 
DaRizzle said:
Yes but with Obama constantly saying they (american car companies in general) are virtually the backbone of America do you really think hed let them crumble. I dont think so. Whats your opinion on that?
Click to expand...


I'm not sure what he can do about it. We're already going to be spending trillions of money we don't have on god-knows-what. That said, it's a good price.
 
PapaG said:
I'm not sure what he can do about it. We're already going to be spending trillions of money we don't have on god-knows-what.
Click to expand...

From some of the stuff I read about GM yesterday, I am not sure they can be saved. They are really fucked up according to auditors. Much worse than being portrayed.
 
hasoos said:
From some of the stuff I read about GM yesterday, I am not sure they can be saved. They are really fucked up according to auditors. Much worse than being portrayed.
Click to expand...


Yeah, I just saw this a few minutes ago.
 
DaRizzle said:
What do you think this story means in regard to their stocks?

LINK
Click to expand...

Well, seeing how that was announced at 2:20 EST and Ford's stock price dropped after it, it's either bad news or an incredible time to buy. Flip a coin, I suppose.
 
DaRizzle said:
What do you think this story means in regard to their stocks?

LINK
Click to expand...


I think it weakens the strength of the stock rise, but does not kill it. Restrcturing their type of debt with all the problems they have is a band aid approach that will call for a future reckoning. If they declare bankruptcy, and thus allowing them to unilaterally alter the UAW contract as well as cull their unprofitable dealerships, they can emerge much stronger and that stock will really be worth something.

BUT, the fact they will remain a viable business (and I think they will) still makes it a good stock. I also like Pepsi a lot right now.
 
If I had money to put in stocks, I'd invest in car companies I'm pretty sure will survive (not Ford, GM or Chrysler).

Americans aren't buying cars at all right now. At some point they are going to have to, if only because existing cars inevitably break down.

The car manufacturers left standing are going to have a massive demand to fill when we eventually get out of this mess. They'll need to replace the ongoing sales of Chrysler and maybe GM and possibly Ford. And they'll have to fill in the gap of all the cars we normally would've bought during the recession but didn't.
 
How long are you willing to wait before getting the money back?
 
Don't buy Ford stock now. Or GM for that matter. Or AIG or anything else that seems like a bargain right now. You'd be better off buying lottery tickets.

Certainly, those companies will make it out of the woods eventually...there's too much at stake for the government to allow them to go under permanently. But they likely won't recover before filing for bankruptcy protection and reorganizing. If they go bankrupt, common stock holders generally get nothing in the re-organization. So the common stock you bought becomes worthless. Not good for you.
 
Ford will survive and eventually thrive again. They have a history for being innovative, and intuitive.

GM has never thrived, and has basically survived on bailouts and re-organizations since the 70's. They have a history for being 2 years too late to capitalize on market trends.

That said, why on earth you would buy stock rather than Real Estate is baffling.
 
I was going to skip starbucks this morning and spend my coffee money on 1000 shares of GM.
 
Minstrel said:
The coffee would give you more lasting value.
Click to expand...

Maybe. I figure with the hostility towards economic growth coming from washington (Obama!), I could wait until next week and buy 2000 shares.

;)
 
Denny Crane said:
Maybe. I figure with the hostility towards economic growth coming from washington (Obama!), I could wait until next week and buy 2000 shares.

;)
Click to expand...

Don't wait too long. Any non-converts to socialism will be rounded up by Obama and thrown into jail. You'll want to complete your transactions before the "tolerance trainers" come for you.

;)
 
Last edited:
Minstrel said:
Don't wait too long. Any non-converts to socialism will be rounded up by Obama and thrown into jail. You'll want to complete your transactions before the "tolerance trainers" come for you.

;)
Click to expand...

At least your honest about your intentions.

Anyhow, GE's stock closed at $6.66 (666, number of the beast!) yesterday. We're talking about one of our 3 largest companies here, with diversity throughout the economic sectors.

Seems like a buy to me.

Seems like Wall Street is having a fire sale.
 
Even though GM/Ford are both trading in the $1 range Ford is actually 5x as expensive.

You have to look at a lot more than share price.
 
DaRizzle said:
So I have $500 burning a hole in my pocket....
In April 2004 they were over $15 a share...now $1.85
Think the Gov would really let them crumble?

A LINK to Ford Stock Info

I dont know shit about stocks but I dont see how this can go anywhere but up (famous last words)

So whatcha think? Any educated opinions?
Click to expand...

I bought some Ford stock at $1.10. I think Ford is the best-positioned US auto company. I also like their international standing.
 
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