Ford reduces debt by 38%

[ricebird 0]

If an investor had the nads to buy 10K Ford shares at $1.01 earlier this year, he would have been up a tidy sum. It takes guts to make a trade like that. Not ez.

Rumor is Ford may replace General Motors on the Dow 30 soon. PS: I am an "investor" and had a radical day today. Got into a jolly stock, symbol SGIC, at $0.23 cents a share around 11am. After my purchase it quickly (within minutes) shot up to $0.30 cents and I held. It later dropped back down to 23 cents at which point I thought about getting out before disaster struck. Fortunately I hung on (check out what happened in the last hour of trading). I sold 10 minutes before the closing bell at 49 cents for about a 110% profit. It was really jolly!!! I got 4,000 shares (didn't feel comfortable with any more than 1k invested in this penny stock).

....I didn't have the guts to buy Ford or GM near their lows but I did buy GM last August at around $10 (ended up selling a few days later for a loss).

We got Ford during its low, still holding on it and will add more before the month ends; intends to maintain our GE shares too for its dividends . I think Ford will not get lower than $1.01 anymore this year or my husband will fuss at me to the max. He said, whatever the outcome of our shares of stocks, it will always be my fault

[I'm Gone 60]

The thing is the government is pouring money into the two failing companies and that money probably could be better used by the company that isn't in trouble. That is just what all this bailout BS does, takes money that well run companies could use and giving it to prop up failing ones.

[웃 910]

If an investor had the nads to buy 10K Ford shares at $1.01 earlier this year, he would have been up a tidy sum. It takes guts to make a trade like that. Not ez.

Rumor is Ford may replace General Motors on the Dow 30 soon. PS: I am an "investor" and had a radical day today. Got into a jolly stock, symbol SGIC, at $0.23 cents a share around 11am. After my purchase it quickly (within minutes) shot up to $0.30 cents and I held. It later dropped back down to 23 cents at which point I thought about getting out before disaster struck. Fortunately I hung on (check out what happened in the last hour of trading). I sold 10 minutes before the closing bell at 49 cents for about a 110% profit. It was really jolly!!! I got 4,000 shares (didn't feel comfortable with any more than 1k invested in this penny stock).

....I didn't have the guts to buy Ford or GM near their lows but I did buy GM last August at around $10 (ended up selling a few days later for a loss).

We got Ford during its low, still holding on it and will add more before the month ends; intends to maintain our GE shares too for its dividends . I think Ford will not get lower than $1.01 anymore this year or my husband will fuss at me to the max. He said, whatever the outcome of our shares of stocks, it will always be my fault

Congrats on grabbing Ford (Hopefully under $2/share). GE cut their dividend back in February from 31 cents to a dime a share.

February 27th:

General Electric Co. shrank its dividend by 68% -- the first such cut since the Great Depression by one of the nation's most widely held stocks. GE is the latest in a parade of cash-strapped giants to cut their quarterly payouts, long considered sacrosanct by investors. By reducing its dividend for the first time in 71 years, to 10 cents a share per quarter from 31 cents, GE will save $9 billion annually a time when cash is king for companies pressured by the global economic crisis. Like many big firms, GE has seen its shares come under heavy pressure. They've fallen 75% in the past year and closed Friday at $8.51, down 59 cents, on the New York Stock Exchange (........) "If you're a dividend investor who holds stocks for years or decades, you're going to feel this for a long time," says Howard Silverblatt, an analyst at S&P. That's because, while stock prices can rebound quickly, "companies are not going to increase [dividends] right away" when the economy finally improves. Historically, dividend-paying stocks have been a refuge for nervous investors in a bad market. Even amid falling stock prices, at least holders could count on a reliable quarterly check in the mail. That's no longer the case. In fact, companies have been reducing their dividends so heavily that investors are taking flight: Instead of supporting the market, these stocks actually are leading prices down.

http://online.wsj.com/article/SB123575953983996113.html

[stangguy 0]

The thing is the government is pouring money into the two failing companies and that money probably could be better used by the company that isn't in trouble. That is just what all this bailout BS does, takes money that well run companies could use and giving it to prop up failing ones.

The problem is if ANY of the automotive manufacturers actually goes under it means serious problems for all automotive companies, not just American ones. While most automotive vendors supply to multiple companies if even one of their customers(the automotive manufacturers) goes under they will likely go under as well. This is because the costs of their tooling, design, and manufacaturing processes are shared amongst the different but similar products they supply to the various manufacturers. You might have a supplier in Ohio that makes parts for BMW, GM, and Toyota, if suddenly 1/3rd or more of their business disappears they can no longer afford to make parts at their current price point. This means they now either lose money on the parts they make for BMW and Toyota, because by contract the price is allready fixed, or they try and negotiate a higher price. Negotiating a price high enough to make up the difference isn't likely because the manufacturer will balk at the idea of a 30% price increase. What happens next is either BMW and Toyota buy up the supplier or go to another supplier. If they buy up the supplier that means they now take on the risk of manufacture and development and probably lose money until they can sell the supplier or spin it off seperately. If they go to another supplier the whole market loses a capable supplier and now we are down to a handfull of parts suppliers which puts the manufacturers in the awkward position of having only 1 or 2 suppliers for a part when they had 5 before. This means a higher risk of manufacturing delays or shortages and also the risk that their only remaining supplier will go under and they then have to assume manufacture.