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No way on Earth I'd but anything from GM, including stock. How did their last bunch of shareholders make out? Save yourself a lot of grief and buy Ford on the dips and go long with it.
No way on Earth I'd but anything from GM, including stock. How did their last bunch of shareholders make out? Save yourself a lot of grief and buy Ford on the dips and go long with it.
Actually, what I read on Ford when their stock was going for about $1 showed that historically their stocks blows as an investment. Nevermind that you are betting that people will make their car payments for upwards of seven years...
Actually, what I read on Ford when their stock was going for about $1 showed that historically their stocks blows as an investment.
And so does GM and Chrystler. Ford is making all the right moves, having redesigned their lightened up their lineups and revamped their cars and trucks, catering more towards low and mid range vehicles like the Focus, Fusion and Taurus, and loaded up their lowest end Fiesta with options normally only seen on higher end vehicles. They are repaying their pension obligations and paying down their debts instead of WELSHING on their promises like GM and Chrystler did. The new CEO is doing one hell of a job, and their efforts show in increased shareholder value. Ford shareholder who bought before 2008 and held on through the meltdown are actually now better off than they were when they bought in. Can you say the same for GM?
Ford is doing things the right way, the way we're supposed to do thing here in America, and how do we reward them? By giving their bankrupt competitors billions if taxpayer bailout dollars and letting them screw over their investors, the same as they've been screwing their customers with dreadful service and mediocre quality vehicles for decades. The heck with GM, buy Ford stock any time it dips under $12 and hold it for the next 3 or 4 years, and you'll do very well.
What the government did to the previous stockholders and bondholders was reprehensible! Those guys should be paid back first. What is particularly galling is when the administration touts GM as a successful government intervention.
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