NickF1011 Posted October 7, 2008 Share Posted October 7, 2008 Why don't you 2 get a room so the rest of us don't have to see all this crap..... P.M.'s would work. No worries. I'm done. Quote Link to comment Share on other sites More sharing options...
atomaro Posted October 7, 2008 Share Posted October 7, 2008 Exactly the response I get when I see you on here. No worries. You won't have to put up with us boring you for too much longer. Don't tease me like that.... Quote Link to comment Share on other sites More sharing options...
MarkFive Posted October 7, 2008 Author Share Posted October 7, 2008 If Ford is hurting right now, imagine how bad GM and Chrysler are doing. Can anyone indicate why Ford's percentage decline is so much more than some of the other automobile companies? Its 20% down today - GM is 10%. Was it because they were downgraded yesterday? Quote Link to comment Share on other sites More sharing options...
jpd80 Posted October 7, 2008 Share Posted October 7, 2008 (edited) The downgrade from B to C only makes matters worse for Ford so YES. On the up side, they can only lose another $3.50/share but GM can still lose $8-$9/share. I should be a spin doctor. Edited October 7, 2008 by jpd80 Quote Link to comment Share on other sites More sharing options...
TStag Posted October 7, 2008 Share Posted October 7, 2008 Can anyone indicate why Ford's percentage decline is so much more than some of the other automobile companies? Its 20% down today - GM is 10%. Was it because they were downgraded yesterday? Possibly because Ford's share price is almost catastrophically low. I don't claim to know the in's and out's of it, but if Fords share price dips below a certain level then the people who have loaned cash to Ford may panic and effectively demand their cash back, a situation which would push Ford into Chapter 11. The thought of that alone, will make Ford's share price fall even lower. It's a bit like why banks with good balance sheets have got in trouble recently. Their share price went so low, panic set in and it was curtains. My suspicion is that we may see the US government buy a lot of Ford's debt mountain. A failure of Ford or GM right now could be deadly to the US economy because it would shake confidence and cause further panic. Depending on how bad this get's the likes of Ford could even be bought and sold to the highest bidder. Frankly I can't believe we have got to this situation. Quote Link to comment Share on other sites More sharing options...
Ford Jellymoulds Posted October 7, 2008 Share Posted October 7, 2008 Ford - $2.92 GM - $7.56 Quote Link to comment Share on other sites More sharing options...
TStag Posted October 7, 2008 Share Posted October 7, 2008 For the purposes of this thread Ford's share price is $2.92 at close on 7-October-2008. Just think in 6 days time you may be able to buy all of Ford for less than a $1 Quote Link to comment Share on other sites More sharing options...
MarkFive Posted October 7, 2008 Author Share Posted October 7, 2008 I wonder if there is a bit of panic happening on the upper floors of the Glass House right now. Quote Link to comment Share on other sites More sharing options...
NickF1011 Posted October 7, 2008 Share Posted October 7, 2008 Possibly because Ford's share price is almost catastrophically low. I don't claim to know the in's and out's of it, but if Fords share price dips below a certain level then the people who have loaned cash to Ford may panic and effectively demand their cash back, a situation which would push Ford into Chapter 11. The thought of that alone, will make Ford's share price fall even lower. It's a bit like why banks with good balance sheets have got in trouble recently. Their share price went so low, panic set in and it was curtains. My suspicion is that we may see the US government buy a lot of Ford's debt mountain. A failure of Ford or GM right now could be deadly to the US economy because it would shake confidence and cause further panic. Depending on how bad this get's the likes of Ford could even be bought and sold to the highest bidder. Frankly I can't believe we have got to this situation. Umm.. a loaning institution can't just suddenly demand their cash back just because they feel like it. If Ford is meeting the terms of their loan agreements (there's no indication that they are not) then both parties are stuck with whatever the loan contract states. It would be tantamount to your mortgage company telling you that you need to pay the balance of your mortgage tomorrow or they are going to foreclose on you. They can't legally do that if you have met all terms and conditions of the mortgage agreement. Quote Link to comment Share on other sites More sharing options...
MarkFive Posted October 7, 2008 Author Share Posted October 7, 2008 For the purposes of this thread Ford's share price is $2.92 at close on 7-October-2008. Just think in 6 days time you may be able to buy all of Ford for less than a $1 Woudn't one assume that something less drastic would occur if things continued on their current path? Some sort of industry consolidation? Quote Link to comment Share on other sites More sharing options...
TStag Posted October 7, 2008 Share Posted October 7, 2008 Umm.. a loaning institution can't just suddenly demand their cash back just because they feel like it. If Ford is meeting the terms of their loan agreements (there's no indication that they are not) then both parties are stuck with whatever the loan contract states. It would be tantamount to your mortgage company telling you that you need to pay the balance of your mortgage tomorrow or they are going to foreclose on you. They can't legally do that if you have met all terms and conditions of the mortgage agreement. Depends on the terms of the loans. Some loans are actually fixed to things like market capitalisation. As I understand it that's how some banks have been caught out. Happy to be proven wrong on this, but I think it's one of the major reasons that I just heard on the news that George Bush is planning to expand this 700 billlion dollar rescue plan to ordinary everyday companies. Some companies like AT&T are actually very profitable but they have locked cash away in investments and are now struggling to find enough cash to keep the lights on. The problems vary, but it's becoming more and more widespread, I think that's why the US is now looking at bailing out companies too. It's all very socialist. Quote Link to comment Share on other sites More sharing options...
Cougarpower Posted October 7, 2008 Share Posted October 7, 2008 lets see GM stocks where not hit hard because they stopped the selling of the executive shares The filing also said GM notified its directors and executive officers that they cannot buy or dispose of any GM equity securities that were acquired in connection with their employment. The Sarbanes-Oxley Act generally prohibits directors and officers from trading in their company's stock when most participants in the company's stock plans are not able to purchase or sell stock. GM shares closed Tuesday at $9.45, 78 percent below their 52-week high of $43.20. The shares rose 94 cents, or 11 percent, Tuesday after plunging nearly 13 percent to $8.51 Monday. Adjusted for splits and other changes, that was the stock's lowest price since June 10, 1954, according to the Center for Research in Security Prices at the University of Chicago. http://www.detnews.com/apps/pbcs.dll/artic...UTO01/810010386 Im starting to buy some Ford shares but I will hit the gun and buy a big chunk if they go lower than $2.00 and I hope some of the Ford family buy in big chunks since the company its darn cheap to take it private now Quote Link to comment Share on other sites More sharing options...
P71_CrownVic Posted October 7, 2008 Share Posted October 7, 2008 P.M.'s would work. Who have I heard that from before...? Quote Link to comment Share on other sites More sharing options...
Sixt9coug Posted October 7, 2008 Share Posted October 7, 2008 (edited) lets see GM stocks where not hit hard because they stopped the selling of the executive shares http://www.detnews.com/apps/pbcs.dll/artic...UTO01/810010386 Im starting to buy some Ford shares but I will hit the gun and buy a big chunk if they go lower than $2.00 and I hope some of the Ford family buy in big chunks since the company its darn cheap to take it private now they are incorrect, GM close at $7.56 today. Its bad for everyone, but Ford stock is in real bad shape. Im almost tempted to buy more but the market has just been a little wild in general for me lately. Toyota closed at a 52 week low today too. Honda stock is also starting to look tempting right now. Edited October 7, 2008 by Sixt9coug Quote Link to comment Share on other sites More sharing options...
SVT_MAN Posted October 7, 2008 Share Posted October 7, 2008 Ford closed at 2.92 today. Quote Link to comment Share on other sites More sharing options...
musclford Posted October 8, 2008 Share Posted October 8, 2008 they are incorrect, GM close at $7.56 today. Its bad for everyone, but Ford stock is in real bad shape. Im almost tempted to buy more but the market has just been a little wild in general for me lately. Toyota closed at a 52 week low today too. Honda stock is also starting to look tempting right now. If your going to be a bear be a Grizzly... I just bought 1000 shares..... What the hey.... We'll see... Quote Link to comment Share on other sites More sharing options...
snooter Posted October 8, 2008 Share Posted October 8, 2008 If your going to be a bear be a Grizzly... I just bought 1000 shares..... What the hey.... We'll see... yoda just reported a drop in earnings forecast and they are being taken to the woodshed on toyko stock exchange as i write this...your right about this may be a time to buy yoda stock Quote Link to comment Share on other sites More sharing options...
TStag Posted October 8, 2008 Share Posted October 8, 2008 Hey at these prices GM or Cerebus could probably buy Ford.... Quote Link to comment Share on other sites More sharing options...
NickF1011 Posted October 8, 2008 Share Posted October 8, 2008 Who have I heard that from before...? <Raises hand> Now I'll be on my way. Go about your normal trolling... Quote Link to comment Share on other sites More sharing options...
jpd80 Posted October 8, 2008 Share Posted October 8, 2008 Hey at these prices GM or Cerebus could probably buy Ford.... GM have too many problems of their own, they need to divest divisions, not buy more. Quote Link to comment Share on other sites More sharing options...
Ford Jellymoulds Posted October 8, 2008 Share Posted October 8, 2008 More job cuts announced today at Volvo as the credit crunch bites hard, Ford are to Triple Job Cuts at Volvo Cars on Demand Slumps. http://www.bloomberg.com/apps/news?pid=new...id=aJL9NVk53LDM Quote Link to comment Share on other sites More sharing options...
fordmantpw Posted October 8, 2008 Share Posted October 8, 2008 If your going to be a bear be a Grizzly... I just bought 1000 shares..... What the hey.... We'll see... Same here...hopefully it doesn't come back to bite me like the 1000 I bought the day before at $3.65! Quote Link to comment Share on other sites More sharing options...
Ford Jellymoulds Posted October 8, 2008 Share Posted October 8, 2008 (edited) CNBC done an item on Ford & GM and the 3 options left for them going into the future. GM & Ford: Should Investors Give Up On Them? Alan Mulally and Rick Wagoner have 3 options. • Option 1 - Go bankrupt Ain't happening anytime soon. They each have more than enough cash for the foreseeable future and are both aggressively working to slow their burn rate. Plus, a chapter 11 filing would destroy sales and the brands. • Option 2 - Merge or sell out This is a reach, even with depressed market caps. The only legit player who would approach either company is Nissan/Renault. Carlos Ghosn took a shot at GM $7.56; and won't try again. He could try Ford $2.92 cnbc; with the backing of billionaire investor Kirk Kerkorian. But for that to work, Kerkorian and Ghosn would not only have to pay a hefty premium to buy out the Ford's, they also take on Ford's massive debt • Option 3 - Stay the course and aggressively work to preserve cash. Even this option is a roll of the dice. Yes, both have enough cash right now to make it until 2010. But what if we're in the start of a prolonged bear market in auto sales? What if things don't improve until 2011 or 2012? I give both companies credit. They are working to conserve cash, and will sell more assets if they need to do so. http://www.cnbc.com/id/27065528 Edited October 8, 2008 by Ford Jellymoulds Quote Link to comment Share on other sites More sharing options...
TStag Posted October 8, 2008 Share Posted October 8, 2008 So far today Ford stock is sitting at around $2.47 which is up on a low of $2.10 for today. If it goes below $2 even I might be tempted to buy..... then again..... Quote Link to comment Share on other sites More sharing options...
P71_CrownVic Posted October 8, 2008 Share Posted October 8, 2008 <Raises hand> Now I'll be on my way. Go about your normal trolling... Heh...likewise. Quote Link to comment Share on other sites More sharing options...
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