Ford stock - anybody got an opinion??

[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