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10-24-2008, 05:21 PM
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Senior Club Cobra Member
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Join Date: Mar 2001
Location: Southern Connecticut,
CT
Cobra Make, Engine: SPF - 351W, 944 non-turbo
Posts: 2,105
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Not Ranked
You guys are so pessimistic. What are the chances that FMC will follow in the footsteps of Desoto, Packard, Hudson, Studebaker and American Motors? Car companies have always been great investments, especially when they're making so many models that Americans want right now.
Bob
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10-24-2008, 06:46 PM
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Senile Club Cobra Member
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Join Date: Feb 2001
Location: Buffalo, NY USA,
NY
Cobra Make, Engine: Superformance
Posts: 4,527
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Not Ranked
Quote:
Originally Posted by JBo
wait, it will be penny stock soon!
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Basturd!!!
Just because some of your 401(k) is Ford stock (from your time with Uncle Henry and the company) you think it will tank????
As I told you the other day, when it hits $1.47 I will put all my money (approx. $12.96) into the stock and when it rebounds, I will pay off Lewis ($5,000) and own your car!!!!!!!
See you soon.............
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10-24-2008, 06:57 PM
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Senile Club Cobra Member
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Join Date: Feb 2001
Location: Buffalo, NY USA,
NY
Cobra Make, Engine: Superformance
Posts: 4,527
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Not Ranked
Not to mention, when Ford hit $10-12 two years ago there was buzz on the street that the Ford family was going to take the company private. The market cap was under what people thought the family could leverage and some investment bankers (remember those!?!?!?) were rumoured to be talking to Bill, Edsel and the rest. Geez, if $10.00 made the deal possible, wouldn't $1.90 be more do-able?
And if they didn't need to answer to a bunch of fund managers and such, and if every night the stock price wasn't dragged across the evening news, perhaps could the company get on with building and selling product?????
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10-24-2008, 07:00 PM
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CC Member
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Join Date: Mar 2006
Cobra Make, Engine:
Posts: 116
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Not Ranked
I have been told for several years that the goal of G.M. and Ford was to break the unions and release themselves from the burden of having to pay employee benefits. Interestingly, G.M. was posting record profits last year worldwide. I don't know about Ford but it would seem with some retooling to use a common chassis (gee, like Toyota) and maybe moving to natural gas (or who knows? natural gas/plug-in hybrid) the market share could be recaptured and at the same time free ourselves from the root cause of alot of our trade deficit/foreign debt. So, perhaps looking down the pipeline of either corporation would tell us what the future holds for either as a good solid investment.
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10-25-2008, 11:04 AM
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CC Member
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Join Date: Feb 2006
Location: Naples,
FL
Cobra Make, Engine:
Posts: 183
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Not Ranked
When you look at break-up value, remember to subtract debt. Ford is carrying a lot more debt now than they were a few years ago, and they pledged some of those assets to back the loans.
That said, I think Obama will win, and the democrats are a LOT more likely to bail out the auto companies. The question is, will they do it in a way that doesn't greatly dilute investor equity?
If they survive without a lot of dilution, the stock will be worth far more in 5 years.
Kevin
Last edited by KevinM; 10-25-2008 at 11:09 AM..
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10-25-2008, 11:54 AM
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CC Member
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Join Date: Jul 2004
Location: Spring Grove,
IL
Cobra Make, Engine: Shell Valley Cobra Kit -428 Fe Built by Clayton Racing Engines
Posts: 519
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Not Ranked
Lets bring in more duty free imports and completely destroy America, what we need now is a good car made in China, that should do it, are you listening WALMART , you can take over the auto industry next.
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