That’s right you can own a piece of the Ford Motor Company for just $6.95. That is the current price per share of Ford stock after hitting a one-year low of $6.85 today (though nowhere near the $1 mark it hit in the 80’s). There is no secret that the US automakers have been in serious trouble over the past few years; facing stiff competition from import rivals, and now being further kicked by a sluggish US economy and oil prices approaching $100 a barrel.
The stock was hanging pretty steady around $9 just a couple months ago. Analysts even speculated that the future looked good for Ford, as they started to turn things around under new CEO Mulally and striked a favorable agreement with the UAW.
But in the last few days the market has turned bearish, and the home mortgage crisis has analysts speculating that new car sales will hit record lows next year as the American dollar loses value and consumers lose confidence in their spending ability.
So, how loyal of a Blue Oval fan are you? Are you confident Ford is going to survive, and if so are you willing to back it by investing in the company?
Way back when, I bought Chrysler when Lee was running things and the Government backed trheir loans. The stock bottomed at about $4 a share. I jumped in and bought 400 shares and made the mistake of telling a co-worker of my ballsy investment and was the lunchtime humor for a week or so.
By Squido W Cash. May 5th, 2008 at 2:03 amBy the end of the year, the stock rose to $29 a share and was the leading gainer for that year. I bought lunch and had the last laugh.
No doubt there is some money to be made here, all it takes is some balls to make the order and some patience to hang for awhile.
Sign me up for about 1000 shares, I haven’t had a good laugh in a in a long time.
64post,
“Raking in more then we’ll ever know.” Come on, are you serious. Ford is a publically traded company, EVERYONE knows exactly how much Ford is making, and they are making - as in profit - anything, they are losing money.
Go to sec.gov and pulldown their latest financials. There aint no secret money flowing into Ford.
By Editor. January 6th, 2008 at 10:05 pmFord has seen this kind of downturn more than a few times and has survived. They don’t just build cars and trucks, they finance/bank, aerospace, and contract R&D for smaller co’s that need test tracks, wind tunnels etc. They also have some huge contracts to suppy medium duty trucks to utility, metro’s and military, Don’t feel bad for them, they’re raking in more than you will ever know.
By 64post. January 6th, 2008 at 9:58 pmHoosier -
By 67stang. November 26th, 2007 at 4:37 pmI agree completely. Still think the bottom is yet to be reached on that stock. Companies can have great products but a poor business, and right now Ford is doing just that. Let it recover a bit and then it may be a decent investment.
My oldest son (13) wanted to buy some stock about a year ago. Since I’m so into Mustangs, he asked me about buying Ford. I told him it was a bad investment. He was insistant that he thought it was a good deal, since it was cheaper than other stocks. I tried to explain that the price wasn’t the point…the point was where was the stock heading.
He bought it about $9, so a year later (or more) he’s underwater. I told him to buy Apple. He would have more than doubled his money. I just don’t see Ford being a healthy investment, even at 6.50. Maybe when it gets to $4.00 I’ll feel different.
By HoosierBuddy. November 26th, 2007 at 3:10 pmIdiots are running the company but it won’t fail. Uncle Sam won’t let them fail. I’d buy 100 shares as a long-term investment.
By papacito. November 26th, 2007 at 12:52 pm“Seriously though, its not a matter of IF, its a matter of WHEN…”
…as in WHEN the union runs all 3 US auto makers out of business completely…
By 2fords. November 23rd, 2007 at 5:47 pmMan if i won the lottery, id invest a million bucks worth.
By 71hotrodpinto. November 21st, 2007 at 1:20 pmSince i have all of $20 to my name i doubt that would get me far LOL!
Seriously though, its not a matter of IF, its a matter of WHEN…