Ford stock - anybody got an opinion??

[speed220mph]

Just in case you haven't heard . . . date 10-22-08 from Peter DeLorenzo of AutoExtremist:

"Captain Kirk" Kerkorian has decided that the new "Detroit Miracle" is too slow in coming, apparently. Kerkorian's investment company - Tracinda - released the following statement yesterday: "In light of current economic and market conditions, (Tracinda) sees unique value in the gaming and hospitality and oil and gas industries and has, therefore, decided to reallocate its resources and to focus on those industries." Which means that Tracinda is selling off its investment in Ford stock beginning with 7.3 million shares sold Monday, with the rest of Kerkorian's stake - 133.5 million shares - possibly on the block (we're talking at a substantial loss too, like to the tune of around $700 million since April - ouch. We can see leaning toward the oil and gas industries over the auto sector, but the gaming and hospitality industries too? Maybe not so much. Kerkorian is the classic impetuous investor with a ton of money and he wheels and deals at a prodigious rate, but there's no question that his dumping of Ford shares sends a dire message about the state of the domestic automobile business. That giant steaming bowl of Not Good has just turned into a full-blown buffet...

[Murphy]

Don't buy that cheap $2.00 stuff. I have some of the good $12.00 Ford stock. Just waiting for it to come back.

[kayakjack]

DETROIT -(Dow Jones)- Chrysler LLC, looking to trim $1 billion in non-core asset expenses, is now reviewing bids for its Dodge Viper nameplate.
The company's didn't disclose how many bids they have received other than to say there were "a lot," a Chrysler spokesperson said Friday.
Chrysler, which may be sold off by its current owner Cerberus Capital Management LP, announced in August that it was reviewing the future of the niche hot-rod nameplate as a way to cut more costs for the company. The auto maker said Friday that it will eliminate 25% of its salaried and supplemental work force.
Chrysler President Tom LaSorda said in September that there had been interest from specialty companies to mainstream companies and wealthy individuals. About 110 employees produce eight Vipers daily. General Motors Corp. (GM) is also in the process of looking for a buyer for its Hummer brand.
-By Jeff Bennett, Dow Jones Newswires; 248-204-5542; jeff.bennett@dowjones.com

[danc30]

Buy Beer. It's a better investment...

LIQUID ASSETS !!
If you had purchased $1,000 of shares in Delta Airlines one year ago, you will
have .....$49.00 today.
If you had purchased $1,000 of shares in AIG one year ago, you will have
....................$33.00 today.
If you had purchased $1,000 of shares in Lehman Brothers one year ago, you will
have $00.00 today.
But.....
if you had purchased $1,000 worth of beer one year ago, drank all the beer, then
turned in the aluminum cans for recycling refund, you will have received
.................................................. ......$214.00.

Based on the above, the best current investment plan is to drink heavily &
recycle.
It is called the 401-Keg.

Also on a Beer note:

A recent study found that the average American walks about 900 miles a year.
Another study found that Americans drink, on average, 22 gallons of alcohol a
year.
That means that, on average, Americans get about 41 miles to the gallon !!!

Makes you proud to be an American !!!

[mpanten]

I thought I was a genius buying at 4.80. It made it throught the first round of panic pretty well but It, like everything else in my portfolio is down 50%. It is a great opportunity buy right now provided you dont need the money for a few years.

[kayakjack]

Originally Posted by mpanten

I thought I was a genius buying at 4.80.

I bought today at $1.90. We'll see after some time passes if that was a smart move. I think it is. I think Ford will survive. If they go bankrupt, I lose with all the other stockholders. Alan Mulally is a great manager. If anyone can turn it around he can. Ford makes a high quality product. Their product mix is not perfect, but it will be much better in a couple of years. The trick is to make it that far.

They have a contract with UAW workers which includes givebacks on benefits and work rules. They have a health care trust to be managed by the union.

I think Ford will lose money next year. 2010 will tell the tale.

Sure I want them to succeed because I will make a few bucks. Just as important, I am a Ford fan. I drive their products and like them. I am proud that my Cobra is powered by strong running Ford.

Jack

[TButtrick]

Originally Posted by danc30

But.....
if you had purchased $1,000 worth of beer one year ago, drank all the beer, then
turned in the aluminum cans for recycling refund, you will have received
.................................................. ......$214.00.

Time for a new calculator?

[JBo]

wait, it will be penny stock soon!

[mpanten]

It's halfway there, all it needs is delisted.

[Mark IV]

Originally Posted by JBo

wait, it will be penny stock soon!

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.............