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re: Should I buy Ford stock at $4.00
Posted on 3/23/20 at 12:12 pm to saints5021
Posted on 3/23/20 at 12:12 pm to saints5021
quote:
I have been watching it hover near $4.00. Any value there if I can get it that low. Currently at $4.08
Someone asked this same question a couple of weeks ago and said that it was "on sale" at $5. Someone else had a buy thesis based on, "well, they won't go out of business." Good reasons to buy a stock?
I owned F for years after the Great Recession. I made some money and collected a decent div. as it ran up to $14 or something like that. Then it started sliding downward... as people were buying cars hand over fist. So I sold it somewhere around the mid 9s. I have no intention of buying it back. In fact, I wish that I'd shorted it.
I'm not trying to talk you out of (or into) buying, selling or holding. I have no idea what this (or any other) stock is going to do. I just know that there are better stocks to put your money in than this one - and having had a loose connection to the company in the past and being a big fan of Henry Ford, I'd love to see this iconic American company come back strong. But that's emotion talking from my heart. My (investing) head still says that this is a dog that hasn't hunted, and won't hunt anytime soon.
Just my 2 cents.
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