Ford stock
Senior User
Joined: Jul 2005
Posts: 288
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I have been watching (F) for a while now, and as long as the economy gets better, I think it will do well. As far as the 2010 GT, I have driven one and thought it was the funnest car I have driven, and I have tested a SRT Charger, a 05 GTO and owned a 06 IS 350.
Good Luck
Good Luck
Elder User
Joined: Feb 2003
Posts: 945
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Agree. Have not seen the Mustang in person but I read it's a great bargain. But I still think these BK's are going to put Ford at a major labor disadvantage. All contract at GM and Chrysler will be voided. Which means much lower production costs for them vs Ford. That has to hurt big-time in the months and years to come does it not?
Postmaster
Joined: Jul 2008
Posts: 2,565
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Maybe not. The transplants are paying more than GM and Ford in wages, but the pension obligations, retiree health insurance, and pay structure at the top has put the transplants at a cost advantage per vehicle. And don't forget that the transplants don't have the legacy costs at their home country because their government covers that and so far they are still heavily subsidised in their US operations by their home country and by the tax abatements that they are receiving here. But sooner or later the cost savings that they have will equalize as the abatements and subsidies expire or are cut back and Ford's older employees retire and their replacements work for less pay and benefits. It's not all gloom for Ford, but it is very precarious. If sales don't rebound to around 11 or 12M units, they might be in the same boat as GM and Chrysler. I bought some shares of Ford at $2 last fall and wished I would have bought more. Now I think I may just take a chance and purchase some shares of GM while it's down to around $1 per. That one will definately take longer to rebound, though. Hey, my 401k is already in the crapper. Maybe I can do better than those overpaid Wall Street wonder boys have done.
Posting Guru
Joined: Mar 2004
Posts: 1,195
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From: Sunapee NH
Maybe you guys already know this, but in case you don't. I thought I'd pass it along. As fellow Ford Stock owners, you are entitled to an X plan PIN. All you need to do is contact Ford's investor relations and let them know you'd like to get the x plan pin. They will send you a simple form to fill out and ask you to provide proof of ownership (account statement) and in a few short days, you'll have a pin.
Now, what happens if you buy shares of GM and they enter backruptcy? Is the stock still valid or does it become void? I have no idea and wondered what you all think.
Now, what happens if you buy shares of GM and they enter backruptcy? Is the stock still valid or does it become void? I have no idea and wondered what you all think.
Super Moderator
Joined: Oct 2002
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From: MA
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New User
Joined: Mar 2009
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Maybe you guys already know this, but in case you don't. I thought I'd pass it along. As fellow Ford Stock owners, you are entitled to an X plan PIN. All you need to do is contact Ford's investor relations and let them know you'd like to get the x plan pin. They will send you a simple form to fill out and ask you to provide proof of ownership (account statement) and in a few short days, you'll have a pin.
Now, what happens if you buy shares of GM and they enter backruptcy? Is the stock still valid or does it become void? I have no idea and wondered what you all think.
Now, what happens if you buy shares of GM and they enter backruptcy? Is the stock still valid or does it become void? I have no idea and wondered what you all think.
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Senior User
Joined: Jan 2002
Posts: 154
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Maybe you guys already know this, but in case you don't. I thought I'd pass it along. As fellow Ford Stock owners, you are entitled to an X plan PIN. All you need to do is contact Ford's investor relations and let them know you'd like to get the x plan pin. They will send you a simple form to fill out and ask you to provide proof of ownership (account statement) and in a few short days, you'll have a pin.
Now, what happens if you buy shares of GM and they enter backruptcy? Is the stock still valid or does it become void? I have no idea and wondered what you all think.
Now, what happens if you buy shares of GM and they enter backruptcy? Is the stock still valid or does it become void? I have no idea and wondered what you all think.
Ford stock:
F: Basic Chart for FORD MOTOR CO - Yahoo! Finance
Postmaster
Joined: Jul 2008
Posts: 2,565
Likes: 2
I have doubts that GM will go Chapter 7 route, but it could happen. If that were to happen, then I would suspect that the economy will be much worse than it was in the
30's. The auto industry is such an major part of our manufacturing base and infrastructure, it's doubtful the government would want them to liquidate for national security reasons. I could be wrong, but that is what my instincts are. A GM liquidation could also take Ford down in which case my hunches are with my 401k, in the crapper. It could be better than buying a lottery ticket or worse. But I won't miss a couple of hundred bucks if it doesn't pan out. I've already lost more than that in my 401k.
30's. The auto industry is such an major part of our manufacturing base and infrastructure, it's doubtful the government would want them to liquidate for national security reasons. I could be wrong, but that is what my instincts are. A GM liquidation could also take Ford down in which case my hunches are with my 401k, in the crapper. It could be better than buying a lottery ticket or worse. But I won't miss a couple of hundred bucks if it doesn't pan out. I've already lost more than that in my 401k.
Elder User
Joined: Feb 2003
Posts: 945
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GM will w/o a doubt go into BK. Restructure their enterprise with new stock being issuded in Chevy/Cadillac. The rest of their vehicle brands will wallow in BK for sometime. The old stock will regress to $0 eventually.
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Junior User
Joined: Nov 2008
Posts: 68
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GM still needs bondholders who hold $27 billion in unsecured debt to accept equity in the company in place of the $27 billion they're owed. Analysts have said it is nearly impossible that the required 90 percent of bondholders will agree to the offer.
