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I loves me some Ford stock at $2.10!
Topic Started: Nov 21 2008, 12:41 AM (303 Views)
Daniel
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HOLY CARP!!!
Posted Image

:o

Ford, the legendary maker of the Model T and Model A, for $2.10. Wow.

Posted Image

Model T

Posted Image

Model A





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Phlebas
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Bull-Carp
Aside from...
- it's a cyclical stock, and no one can say where in the cycle we are right now

- the bailout is far from something to bet on

- equity owners are the last people to get paid in a bankruptcy

....it's a great buy. I've got a bridge in Brooklyn that I'm selling too. Any takers?
Random FML: Today, I was fired by my boss in front of my coworkers. It would have been nice if I could have left the building before they started celebrating. FML

The founding of the bulk of the world's nation states post 1914 is based on self-defined nationalisms. The bulk of those national movements involve territory that was ethnically mixed. The foundation of many of those nation states involved population movements in the aftermath. When the only one that is repeatedly held up as unjust and unjustifiable is the Zionist project, the term anti-semitism may very well be appropriate. - P*D


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Daniel
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HOLY CARP!!!
I stand corrected. It's $1.39.

http://quote.morningstar.com/Quote/Quote.aspx?ticker=F

I haven't followed the bailout talk closely. I would object to Congress giving the auto industry $25 billion when it seems they basically asked for it without giving a plan. At least what I've read is that they "need" it. Hey Congress, I need a $1 million. Give it to me or really, really bad things are going to happen to the economy, k? :phone:

:lol:

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Pianolicious
Senior Carp
They haven't even LOOKED into bankruptcy and are only putting their hands out because everyone else is. I'd rate it as a risky buy, but a buy nonetheless.
Sit tibi vita longa et omnia bona!!! -- Dr. Spock
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Jack Frost
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Bull-Carp
My bet is that it is worth zero.

jf
Quote:
 
Let it be said by our children's children that when we were tested we refused to let this journey end, that we did not turn back nor did we falter; and with eyes fixed on the horizon and God's grace upon us, we carried forth that great gift of freedom and delivered it safely to future generations.
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Daniel
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HOLY CARP!!!
They can always put the jet on eBay. :lol:
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Phlebas
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Bull-Carp
Pianolicious
Nov 21 2008, 06:25 AM
They haven't even LOOKED into bankruptcy and are only putting their hands out because everyone else is. I'd rate it as a risky buy, but a buy nonetheless.
..and you know this how?

Look at what Bear and Lehman were saying about themselves before they went away.
Random FML: Today, I was fired by my boss in front of my coworkers. It would have been nice if I could have left the building before they started celebrating. FML

The founding of the bulk of the world's nation states post 1914 is based on self-defined nationalisms. The bulk of those national movements involve territory that was ethnically mixed. The foundation of many of those nation states involved population movements in the aftermath. When the only one that is repeatedly held up as unjust and unjustifiable is the Zionist project, the term anti-semitism may very well be appropriate. - P*D


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Frank_W
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Resident Misanthrope
I suspect that their stock will continue to drop.
Anatomy Prof: "The human body has about 20 sq. meters of skin."
Me: "Man, that's a lot of lampshades!"
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Daniel
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HOLY CARP!!!
Yes, but those were financial services. If Ford goes away, it's going to take a huge chunk of the industrial base and related jobs. It isn't going to be the equivalent of those firms going out of business. It's going to be a much greater loss of jobs. Not only that, but other people than whichever company no matter how venerable can do financial services. If the US loses its car industry, it's not like we're going to have one again. I'm not saying it can't go away, but I haven't seen any evidence that it's inevitable.

My point in this thread, joking aside, wasn't that the stock is a good buy. My point was that it's remarkable that the company is in such terrible shape.



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Mark
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HOLY CARP!!!
WTF is wrong with the people who run all these companies?

I thought higher education meant something.

I guess not.
___.___
(_]===*
o 0
When I see an adult on a bicycle, I do not despair for the future of the human race. H.G. Wells
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Improviso
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HOLY CARP!!!
Mark.. it just goes to show that even the highly educated can be flat a$$ wrong.
Identifying narcissists isn't difficult. Just look for the person who is constantly fishing for compliments
and admiration while breaking down over even the slightest bit of criticism.

We have the freedom to choose our actions, but we do not get to choose our consequences.
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Frank_W
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Resident Misanthrope
Mark
Nov 21 2008, 09:02 AM
WTF is wrong with the people who run all these companies?

I thought higher education meant something.

I guess not.
MBA's. Running things on 30, 60, and 90 day money. Common sense has taken a backseat to out-of-control greed.
Anatomy Prof: "The human body has about 20 sq. meters of skin."
Me: "Man, that's a lot of lampshades!"
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Kincaid
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HOLY CARP!!!
Pianolicious
Nov 21 2008, 06:25 AM
They haven't even LOOKED into bankruptcy and are only putting their hands out because everyone else is. I'd rate it as a risky buy, but a buy nonetheless.
Exactly on both counts.

I might invest some in Ford at $1.39 if I had some money to do so, but I think I'd wait a bit longer because I'd expect it hasn't bottomed out yet.

As for the automakers, I suspect that if turned away with no money they would still survive. Congress' plan seems pretty solid in that the taxpayers should not lose any money no matter what happens. I'd hate to be in Congress' place, if they refuse the plan and then GM goes into Chap. 11. If that happened, I expect they'd still emerge on the other side but the economy would go into severe shock. I think we'd go over 10-15% unemployment nationwide and we would not recover for years.

GM's epitaph would be "I told you I was sick".
Kincaid - disgusted Republican Partisan since 2006.
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Copper
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Shortstop
Kincaid
Nov 21 2008, 09:32 AM

I might invest some in Ford at $1.39 if I had some money to do so, but I think I'd wait a bit longer because I'd expect it hasn't bottomed out yet.


Is it time yet?
The Confederate soldier was peculiar in that he was ever ready to fight, but never ready to submit to the routine duty and discipline of the camp or the march. The soldiers were determined to be soldiers after their own notions, and do their duty, for the love of it, as they thought best. Carlton McCarthy
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