Guys, today I wanted to bring to everyones attention a solid stock that will benefit from other automakers going under. They are innovative and are turning out to be one of the most solidly run companies in its sector. Ford is also raising capital today by selling additional stock, which is going to drive the cost back down into the $5's. They are releasing a new feature this year called "myKey" that will allow parents to regulate MPH and also other features like preventing the stereo's to be turned on when their seatbelts aren't on. I for one would buy a Ford for my kid if they were the company with that feature.
I think everyone should take a peek at F today and I look forward to other peoples comments on this before we perhaps take it to a vote later today.
6 comments:
Not on board with Ford. The American car is like a 56k modem. Sure it makes sense for some people but does not have nearly the value for most. American cars have the worst depreciation of any nation's vehicle (Korea, Japan, Germany, etc), which means you can get a great deal on a Ford today but you'll be upside down on it for the next 40 months. Companies always roll out great advancements in the concept/development phase, but the fact remains that most American families don't have $12,000 to buy their teen a new car. Unfortunately, I have to admit that if I planned to spend that money to buy my son a car, a new Ford would not be top fifteen on my list.
That said, I am not against buying an auto maker. Sure the opportunity to get in on the ground is makes sense now and made sense when I mentioned it on this blog last October. But a company like Honda or Toyota that truly lead in product reliablility and innovation is a better place to start. What about undervalued Nissan?
We haven't even determined the buyback price of BAC yet. Patrick, are you suggesting we use the BAC proceeds to buy an automaker? If we're planning on voting, shouldn't we all submit a company to buy or are we waiting until our July meeting? Wait, are we meeting before July? We need a pair of sneakers before we tie our laces.
I like Ford, but i think we missed the boat. If we were gonna get on board - we should have jumped on a while back when the stock was down at 1.50.
How much higher could it possibly rise from 5? Nissan is at 10 and its supposedly undervalued. Would you all say that Nissan is in better shape than Ford? The only thing right now keeping Ford affloat are truck sales. Does anyone think OBAMA will let GM shit the bed?
As far as BAC - i vote we don't buy it back for anything higher than $10. Patience josabi...
We need to wait till BAC actually lists the common shares open to the public, that will drive the price down and we'll need to see how significant of a drop it creates when it does. It's been annouced but the new stock hasn't been introduced yet into the system as the SEC hasn't approved it yet - but they will and when they do we will buy on the dip if the dip is enough.
Why don't roll the dice and pump $50 bucks into GM?
They are at their lowest level since the great depression.
1.12 right now. Does anything think they will truely go under? They will right the ship eventually.
What's the worse that can happen? How much lower can they go? If we jumped in with Ford back when it was under 2 we'd be doing alright now.
Buy low sell high right? Well it can't get much lower.
Thoughts?
mehhhh i'm not a big fan of GM. I think they are cash strapped and poorly run, and could see it going lower... I only liked Ford because of their innovation, ability to raise money, and strength through this recession..
Just read that they are planning a reverse split. That would f us if we bought now anyhow.
Put that "Buy GM" thought on hold. I guess I was just astonished that GM is approaching penny stock territory...
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