Just started looking at Ford. If it falls below $5.00, I will buy it. I always look for stocks with a potential to comeback strong. But, I only invest what I can afford to lose. This is only a gut feeling but I do not think the US government will allow such an American icon company as Ford to fail. Not with a Ford family member running the show.
Bargain stock shopping
- Thread starter justajohn
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The gov't will let Ford and or GM go down if necessary because they won't be closing the door, they will just be declaring bancruptcy.justajohn said:
There's a big difference.
Bancruptcy means you screw your creditors, your debt holders, your employees, your suppliers, and most of all your share holders.
You then reorganize much meaner and leaner and emerge with new stock.
Witness:
Air Canada
Stelco
Federal Mogul
Kmart
And the weird thing is, it's all perfectly legal....
I believe in buying low and selling high, but you would make a better return buying loblaws right now than Ford based on that line of thinking.
Air Canada and Stelco are Canadian companies. Federal Mogul is not a household name and its stocks trade on the OTCBB market. Kmart happened during a rebirth in the tech market after the Dot Com bust and the North American economy still looked strong.
With a surge in the resource sector, the market is now looking for security. Allowing Ford to fail now, even though they can emerge leaner and meaner, would send the US market into a tail spin.
With a surge in the resource sector, the market is now looking for security. Allowing Ford to fail now, even though they can emerge leaner and meaner, would send the US market into a tail spin.
