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I'm really kicking myself for not....
....investing in Ford. Another $2.6 billion in quarterly profits. The stock is up to $12.64/share prior to today.....ughhhh
A few grand would have turned into something happy nice. |
Stop reminding me.
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Oh and in before Al spins it to show that Ford isn't doing well. :D:D:D:D
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GM rocks, Ford sucks :rock:
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Worship the Ford Fusion and Mustang for verily have they pulled Ford ahead in thy game.
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The Fusion is a really nice car. Espically for the price. Im considering getting the wife one.
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Ford is definitely on its way up in the world. I like my Exploder - it's lacking in power, but I have not done a thing to it outside of tires/oil change/etc. It rides stiffer and better Trailblazers of the same year. It's also quiet as hell.
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This thread makes Al cry.
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chrysler sucks
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I "bought" Ford stock in a mock stock market in spring of last year. I haven't really touched it since then.
Here's a screenshot of today's numbers :lol: http://i32.tinypic.com/2uyhwdu.jpg |
How U.S. steel around now that China took over much of that? :lol: and it seems to be doing well. i love my camaro, but I do enjoy fords, IMO I think they are of better quality then GM cars.
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Ford is making money, no doubt. Still has a much larger debt load then GM.
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Owed to the goverment? The goverment needs to make up something like 35-40 billion dollars, which will be mostly if not all, with some saying more, in return when the IPO launches, for purchasing 60% of GM in Chapt 11.
Chap 11 dissolved a large chunk of GM's debt. Also remember that while Ford did not take a government bail out, they did mortage the entire company to banks. http://www.nytimes.com/2006/11/27/bu...7cnd-ford.html They also took 5.9 billion from the government, but not with the same fanfare and hype that GM and Chrysler did. |
Go Boeing! :D
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I bought a Ford.........
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You'll have to excuse me for still being a little bitter about all the bailouts and the notion of a business being 'too big to fail.' If I was producing a product that a customer quite frankly didn't want, the government wouldn't prop up 60% of my business...because I'm not big enough. GM's time was up. At least Ford had enough forsight to put together enough capital to research, develop, and market a product that Americans want. There's a reason why Ford's shares are rising in value. I think a lot of people like myself are still a little bitter about the bailout and the national debt as a whole.
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I won't comment too much since it's brushing the no politics rule but I completely agree....
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Ford didnt put any capital together! They put the whole company for sale to the banks to raise 18 billion! When GM had a chance to do that, the banks were already failing and they had no where to turn. Ford's shares are rising based on mentality like yours, a pure PR spectical. Many of you dont recall nor gave a crap 2-3 years ago when Ford was doing this. Ford was on its heals, its stock sinking to all time lows, while GM was pumping out great product and striking one of the most historic deals with the UAW of all time, giving GM the ability to be compeditive in the market vs the imports. As of 2007, GM had award winning products one after another. Malibu, CTS, Enclave, Acadia, Corvette, Tahoe, Suburban, Silverado, Sierra, Yukon, new Escalade, one after another with more coming. Volt, Camaro, Equinox, LaCrosse, Cruze, all the new Opels like the Insigna and Astra. Then you had the all new Holden line up, keeping Holden #1 in sales in Australia. At the end of 2007, GM's stock was at one of the highest it has been in a long time, over 45 bucks a share, while Ford was tripping in single digits. Ford's rise in share prices is because of perception. They still cary the largest debt load out of all of the Big 3. They still havent produced world class product, offering just mild refreshes to keep up. You can say Im biased and whatever makes you feel better about your opinion, but the truth is that the only thing Ford is doing is winning the PR fight over GM. BTW, GM is still posting increase in sales, even when compared to the company 2-3 years ago whent hey had twice the brands. GM is making money as well, but they dont have stock prices to point to to show their "great job". |
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Al, you talk about debt load and all...fine...Ford mortgaged the house, the farm, every pen, pencil and paperclip...you're absolutely right. However they didn't **** over dealers, suppliers and creditors in the process. You do know when the government came riding in on their chariot to save the "old GM" they basically forced GM's debtors to take pennies on the dollar right? You know they basically strong-armed them into taking whatever they decided or else they were getting NOTHING right?
So yes, Ford does carry the highest debt load out of the 3 and still has a ton of work to do...however they didn't have an organized crime syndicate(that's pretty much how I view both parties now lol) muscling people off of the debt. Just sayin'.... I wish I could have someone come in and tell Capital One and a few other of my credit cards that I'm going to pay them 5% of what I owe them and they're gonna like it :( That would be sweet! :rofl: |
You can do that. All that debt relief you see commercials for are doing something similar to that for the person.
I hate that stupid comparision. You would either take out a reverse mortage on the house and lose all your equity hoping that you can pay it back, or you can fix your problems and settle in court your debts. The government is an organized crime synidcate? What does that make the banks that hold the note to Ford Motor Company? Swell bunch of guys and gals? Shesh...talk about picking your points Point is that Ford has this squeeky clean image that it shouldnt have. It also has a few billion dollars in goverment funding, but I guess since its smaller number, it doesnt count. Ford, as well as Chrysler, cut lots of dealers, and workers. They also shafted some suppliers. Again, everyone acts as if GM was the one and only with problems. It shows ignorance on the subject. Amazing.... And GM regained lots of dealers due to the same "organized crime syndicate" that got them through Chap 11. Again- Ford and GM took similar routes in how they could regain and maintain thier solvency. Ford went to Banks, which then got bailed out by the government, GM just skipped the middle man. |
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