F: 5.46
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I didn't buy Ford quite that low, but am annoyed because I bought it a week after I told myself to, during which time it went up 35%. At the same time, I bought Bank of America stock real low and have made a bundle there (the irony is that I utterly detest Bank of America.)
Anyone who thinks he has a better idea of what's good for people than people do is a swine. - P.J. O'Rourke
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I didn't buy Ford quite that low, but am annoyed because I bought it a week after I told myself to, during which time it went up 35%. At the same time, I bought Bank of America stock real low and have made a bundle there (the irony is that I utterly detest Bank of America.)
Anyone who thinks he has a better idea of what's good for people than people do is a swine. - P.J. O'Rourke
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Yeah but this is the American auto industry you're dealing with. That .95 could have just as easily gone to 12 cents a share.
In November, yes. But by February/March, it became clear that Ford was in much better financial position and that GM and Chrysler would be going bankrupt with the only question being when.
Anyone who thinks he has a better idea of what's good for people than people do is a swine. - P.J. O'Rourke
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In November, yes. But by February/March, it became clear that Ford was in much better financial position and that GM and Chrysler would be going bankrupt with the only question being when.
Anyone who thinks he has a better idea of what's good for people than people do is a swine. - P.J. O'Rourke
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Yeah, ford did appear to be sitting better. Though they had previously taken billions in government loans to get them where they are.
thrakazog wrote:
Though they had previously taken billions in government loans to get them where they are.
No they didn't. That's the point. Ford had already completed a major restructuring and had/has large cash reserves.
Anyone who thinks he has a better idea of what's good for people than people do is a swine. - P.J. O'Rourke
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thrakazog wrote:
Though they had previously taken billions in government loans to get them where they are.
No they didn't. That's the point. Ford had already completed a major restructuring and had/has large cash reserves.
Anyone who thinks he has a better idea of what's good for people than people do is a swine. - P.J. O'Rourke
Joe Woodbury wrote:
large cash reserves
Yes, partly because of all the money they borrowed. I was referring to the 23 Billion they borrowed in 2006. discussed here[^] I may be wrong about that money coming from the government. It may have been from banking institutions.
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Joe Woodbury wrote:
large cash reserves
Yes, partly because of all the money they borrowed. I was referring to the 23 Billion they borrowed in 2006. discussed here[^] I may be wrong about that money coming from the government. It may have been from banking institutions.
It wasn't from the government, which was my point. They borrowed money from banks largely using property as collateral. They also sold some buildings and then leased them back. This was all part of an actual restructuring plan going back years--as opposed to what GM and Chrysler have been doing which is to panic, steal borrow money from the government and throw it around aimlessly. In summation; Ford has a plan going forward and projects profitability by 2012. GM and Chrysler have no plans, unless "grasping at straws" counts. (This isn't to say that Ford will be successful in their plans. Their history would indicate that they won't be, so my only question as an investor is when to sell.)
Anyone who thinks he has a better idea of what's good for people than people do is a swine. - P.J. O'Rourke
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If you bought almost any stock on that single day you would be in good shape today.
Todd Smith
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If you bought almost any stock on that single day you would be in good shape today.
Todd Smith