Comments on: Took Gains on Ford

By: The Corner Office Blog - An entrepreneurs thoughts on business, personal finance and investing. » Missed the Boat on Ford

Sat, 04 Apr 2009 20:06:12 +0000

[...] I missed my opportunity to buy back into Ford (F: chart, web, Y!) last week, as the intraday price dropped below my $2.50 target twice, but never [...]

By: Brainy

Brainy — Wed, 25 Mar 2009 02:35:12 +0000

Well done Grant!

Though I talked up Ford so much, I never pulled the trigger and bought in so I’m kicking myself for my hesitation…

I think you timed it nicely — had I made the move, I would have cashed out this week too…

By: Mike

Mike — Wed, 25 Mar 2009 00:04:57 +0000

Good call.. glad you made a nice profit.

By: MJ

MJ — Tue, 24 Mar 2009 02:20:01 +0000

Mulally is the same guy who beat up all the old Boeing unions before heading to Ford. Ford in my mind is a play only for a US car company that should survive, not necessarily the numbers behind the company. They could very well need government money as much as the other companies, but I think are showing that they adjusted inventories more quickly than the other US companies and are surviving because of this.

The outlaying factor about Ford or any car company is America going to purchase new vehicles in the numbers as before. Clearly it is not, at least not for 5 to ten years. They have some other plus’s such as a mature hybrid technology on the Escape, extemely good diesel engines in Europe that may come to the US, a well thought of small car (Focus), and company that can size itself to the demand of the public (unlike GM in its current state).

If it was me, I would stay away until the summer numbers are shared again. Good short term play Grant.