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Is ford a buy at $2, gm at $10?

Posted on 4/1/20 at 10:46 am
Posted by Lsutiger2424
Member since Dec 2016
989 posts
Posted on 4/1/20 at 10:46 am
Looks like they are both headed wayyy down. Gm sales dropped 7% in the first quarter
Posted by HailToTheChiz
Back in Auburn
Member since Aug 2010
48894 posts
Posted on 4/1/20 at 10:49 am to
Going to get lower
Posted by Lsutiger2424
Member since Dec 2016
989 posts
Posted on 4/1/20 at 10:51 am to
Seems like a good retirement holding if it goes below that. Just like the cruise lines it will be a steal
Posted by deeprig9
Unincorporated Ozora, Georgia
Member since Sep 2012
63867 posts
Posted on 4/1/20 at 10:54 am to
Ford has lost 50% of its value over 5 years in a Bull Market. Going from $16 to $9 over that bull market... and that's before the crash. It's down around $4 now. And with a PE ratio of 124. And you want to spend your hard earned money on that piece of shite?

Do you really think they'll be able to pay a 13% dividend when they can't even cover the cost of their operations right now?


Full disclosure... I own a shitload of it, and hate myself for it. It's dead money.
This post was edited on 4/1/20 at 10:58 am
Posted by deeprig9
Unincorporated Ozora, Georgia
Member since Sep 2012
63867 posts
Posted on 4/1/20 at 10:57 am to
Ford at a glance... investorplace article/blog.

LINK /

Ford is burning through a billion dollars a week. They may be too fricked for a bailout to save them.

It's not like the bailouts after Katrina recession... those car companies were relatively healthy when that recession hit.... infusing billions propped them up.

Ford is basically a 95 year old AIDS patient in a NYC subway.
This post was edited on 4/1/20 at 11:00 am
Posted by Chad504boy
4 posts
Member since Feb 2005
166135 posts
Posted on 4/1/20 at 11:08 am to
quote:

Ford is basically a 95 year old AIDS patient in a NYC subway.



but does this patient have hydroxylchlorine available?
Posted by Jag_Warrior
Virginia
Member since May 2015
4081 posts
Posted on 4/1/20 at 11:54 am to
Uh, what he said.
Posted by Levatikyn
Member since Mar 2020
14 posts
Posted on 4/1/20 at 11:55 am to
quote:

Lsutiger2424
Looks like they are both headed wayyy down. Gm sales dropped 7% in the first quarter



Interesting question! What would you think Ford is worth to buy? $157B in debt, $22B Cash, and $47M Avi to Common income from $156B in revenue the past twelve months.

They’re sinking, and need to change with the market. I will say, they finally have a fully electric car coming 2021, Mustang Mach-E. Don’t know if they’ll sell a lot compared to a Tesla/ other electrical vehicle, but who could say? ¯\_(?)_/¯

I think people buy mustangs to hear the roar of the engine, not a “silent” electric car.

How do you think GM is worth buying? Debt $104B, Cash $20B, Avi to common income $6.58B from $137B in revenue.

They’re certainly better off than ford, but I don’t know when you would buy them. They’re the lowest in price since 2012, but they should continue to go down with the market.

Also, both companies are going to change their dividends immensely.

SUMMARY :: I wouldn’t buy Ford, and GM I would wait to $14-$15.
Posted by tide06
Member since Oct 2011
11141 posts
Posted on 4/1/20 at 12:14 pm to
The only thing that can save Ford at this point is Donald Trump trying to win the state of MI in an election year.

I don’t think he will let either fail for that reason alone.
Posted by deeprig9
Unincorporated Ozora, Georgia
Member since Sep 2012
63867 posts
Posted on 4/1/20 at 12:23 pm to
quote:

The only thing that can save Ford at this point is Donald Trump trying to win the state of MI in an election year.

I don’t think he will let either fail for that reason alone.


That's a good angle, but when Trump opens the books it won't just be a cash giveaway. The stock will not exist in its current form. Government will probably own it, and over years, sell it back out in some other form. Or something like that.
Posted by Bestbank Tiger
Premium Member
Member since Jan 2005
70869 posts
Posted on 4/1/20 at 12:47 pm to
quote:

Ford has lost 50% of its value over 5 years in a Bull Market. Going from $16 to $9 over that bull market... and that's before the crash. It's down around $4 now. And with a PE ratio of 124. And you want to spend your hard earned money on that piece of shite?

Do you really think they'll be able to pay a 13% dividend when they can't even cover the cost of their operations right now?


So their stock is about as good as their vehicles?
Posted by RoarTide
Atlanta
Member since Oct 2019
3 posts
Posted on 4/1/20 at 4:49 pm to
Yikes. I just bought 250 shares at 4.87 should I bail out now and cut my losses?
Posted by tide06
Member since Oct 2011
11141 posts
Posted on 4/1/20 at 5:45 pm to
Their product line is jacked outside of the F-150 and they went into a potential extended zero revenue quarter with a catastrophically bad balance sheet.

Short of a better bailout than GM got from Obama they are gone.
Posted by kywildcatfanone
Wildcat Country!
Member since Oct 2012
118922 posts
Posted on 4/1/20 at 7:15 pm to
quote:

Ford is burning through a billion dollars a week.


B for billion? Each week? How is that possible?
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