StatHaldol
Well-Known Member
Anyone buying value stocks? :whistling:
Stock Market Plunge...
- Thread starter StatHaldol
- Start date
alexgtp
newbie extrodinaire!!
I started picking up stock last month when this mess started . Portfolio is up 150%. Today I took a huge hit (25% down). But it should even out.
sack
'From man's sweat and God's love, beer came to be.
This is the time to buy property, prices are low and the population is growing, all the excess will be gone in a bit. :thumbs:
{tpc}
Professional Poker Tournament Loser
Soon you wil be able to pick up Ford stock for nearly a buck a share it seems... 
StatHaldol
Well-Known Member
Soon you wil be able to pick up Ford stock for nearly a buck a share it seems...
My dad used to say, "As Ford goes, so goes the country."
Hope he was wrong...
Toasted Coastie
Bahahahahaha
Same with Citi....Soon you wil be able to pick up Ford stock for nearly a buck a share it seems...
moki
el Presidente
Dollar cost averaging is the only safe way to go...
BobbyRitz
You're Fired, Daddy.
- Joined
- Nov 3, 2006
- Messages
- 2,943
Agreed, across a diverse set of index funds.
StatHaldol
Well-Known Member
From Bloomberg"
" Oct. 10 (Bloomberg) -- General Motors Corp., Ford Motor Co. and Chrysler LLC may be forced into bankruptcy by slowing economies and dwindling U.S. auto sales, Standard & Poor's analyst Robert Schulz said today.
``Macro factors could overwhelm them at some point'' even with the three biggest U.S. automakers committed to turnarounds, Schulz said in a Bloomberg Television interview. S&P said yesterday it may cut GM and Ford debt deeper into junk on forecasts for 2009 auto demand falling to the lowest since 1992. "
Who would have ever thought it would come to this?
" Oct. 10 (Bloomberg) -- General Motors Corp., Ford Motor Co. and Chrysler LLC may be forced into bankruptcy by slowing economies and dwindling U.S. auto sales, Standard & Poor's analyst Robert Schulz said today.
``Macro factors could overwhelm them at some point'' even with the three biggest U.S. automakers committed to turnarounds, Schulz said in a Bloomberg Television interview. S&P said yesterday it may cut GM and Ford debt deeper into junk on forecasts for 2009 auto demand falling to the lowest since 1992. "
Who would have ever thought it would come to this?
Marco-Polo
Go Irish Go!
Me? A few of my friends from b-school had offers into Ford's high-potential finance program. Ford delayed/cancelled their offers this summer. If a company is cutting its high-value hires, the incoming brain-trust, it's eating its seed corn.
Not to mention that the big 3 automakers are really finance companies with a car production sideline; they earn most to all of their profits by financing car purchases rather than building cars. Therefore they're very vulnerable to threats of overleverage and they're absolutely killed by the failure of the corporate paper market.
They're also all caught in a demographic trap, exacerbated by their shrinking marketshare, with less and less active workers to support the retirements of more and more retirees. (The big 3 are notorious for under-funding their pension obligations, having raided the piggy bank several times during the 80's and 90's)
Not to mention that the big 3 automakers are really finance companies with a car production sideline; they earn most to all of their profits by financing car purchases rather than building cars. Therefore they're very vulnerable to threats of overleverage and they're absolutely killed by the failure of the corporate paper market.
They're also all caught in a demographic trap, exacerbated by their shrinking marketshare, with less and less active workers to support the retirements of more and more retirees. (The big 3 are notorious for under-funding their pension obligations, having raided the piggy bank several times during the 80's and 90's)