Buying stock in FORD
#22
Re: Buying stock in FORD
They aren't using the Charger with the 3.5 in it, are they? It's a decent motor that gets good gas mileage, but it can't push that tank around very fast. I can see kids in mildly modded Kia's outrunning cops in your hood.
#23
Re: Buying stock in FORD
You could do it but you will probably have to hold onto it for a long time. Also I would look at why they are tanking, it wasn't over night that they failed along with GM, it will take a long time to change consumer perception about their cars. Also there is a saying "don't try to catch a falling knife" , it wouldn't hurt to wait and see some evidence of their turn around before you start to buy, you won't get the best deal that way but you won't get burned either.
#24
Re: Buying stock in FORD
Stay away from GM, not really up on Ford but I am sure they are not much better, the government cannot stop them from going under, they can only try to slow them down. They are losing something like 15 billion a month, people talk about how crysler was bailed out back in the 70's and how they turned a profit, well gues how they did that? by inventing the Minivan.
Also look at their pension obligations and how much it costs to insure their debt, the reason they can't declare bankrupcy is because they will bankrupt their insurance companies: http://www.bloomberg.com/apps/news?p...d=a6QTsj05Md04
"Credit-default swaps on GM bonds rose 2 percentage points to 70 percent upfront and 5 percent a year, CMA Datavision prices show. That means it costs $7 million in advance and $500,000 annually to protect $10 million of GM bonds from default for five years. "
Anyway you could roll the dice and buy some stock but i doubt you will see a return, and if it does go up you better be ready to sell it fast, the market isn't stupid and the government dumping money into it will only cause the price to go up for a short period of time.
Also look at their pension obligations and how much it costs to insure their debt, the reason they can't declare bankrupcy is because they will bankrupt their insurance companies: http://www.bloomberg.com/apps/news?p...d=a6QTsj05Md04
"Credit-default swaps on GM bonds rose 2 percentage points to 70 percent upfront and 5 percent a year, CMA Datavision prices show. That means it costs $7 million in advance and $500,000 annually to protect $10 million of GM bonds from default for five years. "
Anyway you could roll the dice and buy some stock but i doubt you will see a return, and if it does go up you better be ready to sell it fast, the market isn't stupid and the government dumping money into it will only cause the price to go up for a short period of time.
#25
Re: Buying stock in FORD
If your gonna invest in anything right now on your own, I would put it in people who make solar panels, windmills, ---- of that nature. I believe alternative sources for energy is about to be a huge deal in '09.
The big 3 automakers is just to much of a risk at the moment for me. I understand a lot of things are a risk right now, but I dont think I would even consider ford, gm or chrysler.
The big 3 automakers is just to much of a risk at the moment for me. I understand a lot of things are a risk right now, but I dont think I would even consider ford, gm or chrysler.
#27
Re: Buying stock in FORD
Originally Posted by Towdogg
Hitchhikkr said the chargers are 6cly :1 when the ones around here have the v-8 that idles on 4cly to save gas
They sound nasty when they punch it and the thing opens up
They sound nasty when they punch it and the thing opens up
#30
Re: Buying stock in FORD
I'm not saying other places don't have the V8 cars, I'm just saying local PDs have V6. There was a big stink a few years back about 8-10 cops chasing one car at high speed, bunch of wrecks, bunch of property damage. The official policy is now no more than two officers in pursuit, at speeds not to exceed 85 mph (or something?). They definitely aren't going for anything with power... APD tried some LT1 Camaro "intercept" vehicles in '97 and all that happened to those is they were wrecked nine or ten times each, within two years the front ends on them were visibly misaligned.
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10-23-2008 08:02 PM