Edstock Posted October 8, 2008 Share Posted October 8, 2008 Just guessing, but the wizards at Porsche must be freaking as they gain control of VW with a mountain of debt and tanking sales. Quote Link to comment Share on other sites More sharing options...
NickF1011 Posted October 8, 2008 Share Posted October 8, 2008 Heh...likewise. Fail. :yup: Quote Link to comment Share on other sites More sharing options...
snooter Posted October 8, 2008 Share Posted October 8, 2008 Fail. :yup: try $2.40 for F stock now Quote Link to comment Share on other sites More sharing options...
P71_CrownVic Posted October 8, 2008 Share Posted October 8, 2008 Fail. :yup: Hey, if you can throw baseless barbs...so can I. Quote Link to comment Share on other sites More sharing options...
NickF1011 Posted October 8, 2008 Share Posted October 8, 2008 Hey, if you can throw baseless barbs...so can I. No you can't. Quote Link to comment Share on other sites More sharing options...
P71_CrownVic Posted October 8, 2008 Share Posted October 8, 2008 (edited) No you can't. Edited October 8, 2008 by NickF1011 Because I can. Quote Link to comment Share on other sites More sharing options...
F150 Man Posted October 8, 2008 Share Posted October 8, 2008 It has nothing to do with CASH... it has everything to do with rolling over our short term DEBT about $40 BILLION. We have a MOUNTAIN of debt ($164B) about $40 comes due by year end.. We are effectively bankrupt (see attached article), rolling over the BILLIONS with a CCC rating (junk-) will be a trick. The stock is now at $2.43 and can still go lower.... http://seekingalpha.com/article/99020-ford...rce=from_friend I'm just ranting since I bought at $3.50 on Monday. If you buy at today, tomorrow, or Friday your effectively BETTING on the farm not going into foreclosure during a very long drought! Quote Link to comment Share on other sites More sharing options...
NickF1011 Posted October 8, 2008 Share Posted October 8, 2008 ... Did you say something? Quote Link to comment Share on other sites More sharing options...
Ron W. 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. Fail. :yup: Hey, if you can throw baseless barbs...so can I. No you can't. Oops...already did. For petes sake, would one of you PLEASE grow up. Quote Link to comment Share on other sites More sharing options...
LSFan00 Posted October 8, 2008 Share Posted October 8, 2008 At this point I'm debating buying a few grand worth of F stock on the off chance a buyout is made which is favorable vs. the 2.50-2.00 price we'll be at for a few days. Bankruptcy looks closer in this market but a buyout could bring a nice little profit. It's kind of a Vegas-style bet though; the house (wall street) will probably win. Quote Link to comment Share on other sites More sharing options...
NickF1011 Posted October 8, 2008 Share Posted October 8, 2008 For petes sake, would one of you PLEASE grow up. Awww geez, do we haveta?!? Ooooookay!!! Quote Link to comment Share on other sites More sharing options...
TStag Posted October 8, 2008 Share Posted October 8, 2008 It has nothing to do with CASH... it has everything to do with rolling over our short term DEBT about $40 BILLION. We have a MOUNTAIN of debt ($164B) about $40 comes due by year end.. We are effectively bankrupt (see attached article), rolling over the BILLIONS with a CCC rating (junk-) will be a trick. The stock is now at $2.43 and can still go lower.... http://seekingalpha.com/article/99020-ford...rce=from_friend I'm just ranting since I bought at $3.50 on Monday. If you buy at today, tomorrow, or Friday your effectively BETTING on the farm not going into foreclosure during a very long drought! Hmm think Ford is more broke than I thought. Quote Link to comment Share on other sites More sharing options...
NickF1011 Posted October 8, 2008 Share Posted October 8, 2008 Hmm think Ford is more broke than I thought. Not really. As I pointed out in the other thread, that $40B in debt is money owed by people making car payments. That number is huge every year, even in those hey-day years Ford was making money. Heck, it was likely even larger then because more vehicles were being financed with revolving debt. That is NOT money owed by Ford's automotive operations. That number for 2008 is under $1B, per the article. Quote Link to comment Share on other sites More sharing options...
P71_CrownVic Posted October 8, 2008 Share Posted October 8, 2008 (edited) Did you say something? ... Edited October 8, 2008 by NickF1011 Off topic. :( Quote Link to comment Share on other sites More sharing options...
Deanh Posted October 8, 2008 Share Posted October 8, 2008 ... ? must have been uplifting and inspirational as per the norm.... Quote Link to comment Share on other sites More sharing options...
NickF1011 Posted October 8, 2008 Share Posted October 8, 2008 ? must have been uplifting and inspirational as per the norm.... Please don't respond to cleared posts. Quote Link to comment Share on other sites More sharing options...
Deanh Posted October 8, 2008 Share Posted October 8, 2008 Please don't respond to cleared posts. hes on somewhat of a tear today it seems.... Quote Link to comment Share on other sites More sharing options...
TStag Posted October 8, 2008 Share Posted October 8, 2008 Ford shares close at $2.66. Not sure what to say about that. Quote Link to comment Share on other sites More sharing options...
Bored of Pisteon Posted October 8, 2008 Share Posted October 8, 2008 Ford shares close at $2.66. Not sure what to say about that. :fan: What else is there to say? The people who loaded up on it when it was $5 a share. What were they thinking? All I can say people is WATCH OUT! Quote Link to comment Share on other sites More sharing options...
TStag Posted October 8, 2008 Share Posted October 8, 2008 :fan: What else is there to say? The people who loaded up on it when it was $5 a share. What were they thinking? All I can say people is WATCH OUT! The problem is if you don't know where the bottom is in the market then you can only do one thing. SELL. Quote Link to comment Share on other sites More sharing options...
Edstock Posted October 8, 2008 Share Posted October 8, 2008 The people who loaded up on it when it was $5 a share. What were they thinking? That it would go up in value. Quote Link to comment Share on other sites More sharing options...
NickF1011 Posted October 8, 2008 Share Posted October 8, 2008 That it would go up in value. Which it likely will. As long as Ford doesn't go bankrupt, then anyone who bought at $5 will eventually make money. Gotta risk something to get something. It's not any different with Ford than any other stock... Quote Link to comment Share on other sites More sharing options...
Bored of Pisteon Posted October 8, 2008 Share Posted October 8, 2008 Which it likely will. As long as Ford doesn't go bankrupt, then anyone who bought at $5 will eventually make money. Gotta risk something to get something. It's not any different with Ford than any other stock... That's my fear... Because of all the unintended consequences behind it. Even trying to sell a used Ford product from whatever year it was built is so difficult now. It's not even funny! Quote Link to comment Share on other sites More sharing options...
TStag Posted October 8, 2008 Share Posted October 8, 2008 As long as Ford doesn't go bankrupt, then anyone who bought at $5 will eventually make money. .....that's really comforting and somewhat obvious..... It's no reflection on Ford me saying this, but right now I'd only invest in companies with sound balance sheets. There are gambles and there are gambles but when companies with strong balance sheets are under almost as much pressure as Ford, why buy Ford shares? Quote Link to comment Share on other sites More sharing options...
Deanh Posted October 8, 2008 Share Posted October 8, 2008 .....that's really comforting and somewhat obvious..... It's no reflection on Ford me saying this, but right now I'd only invest in companies with sound balance sheets. There are gambles and there are gambles but when companies with strong balance sheets are under almost as much pressure as Ford, why buy Ford shares? I would snap em up right now if I could...Ford will be going no-where...and with the product lineup that is coming I would rather have $ in something most LIKELY to go up than one that just stays put.... Quote Link to comment Share on other sites More sharing options...
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