Check out
www.marketwatch.com for an interesting article on the possibility and thoery behind FORD replacing GM in the DOW 30.
Anyone watching this???? Fords up over $3.00. Buyers are leaving GM and Chrysler (Fiat) in droves and driving right into Ford dealerships.
All going according to plan. Pent up demand for new cars will be HISTORIC within 3 years. The next problem facing Ford will not be SELLING their cars.......It will be building ENOUGH of them to satisfy DEMAND.
This scenerio plays out after EVERY recession. Car companies CUT CUT CUT, then they scramble to meet the new demand. Their stocks go balistic at this time.
So far here's what we've seen....
2 1/2 years ago I identified Ford as the American car company with the best prospects. In March of 2008 Fords actually posted a $200,000,000 profit in the first quarter. They were on track for a comeback. THEN........Gas went to $4.00/gallon and the entire economy closed up shop.
Ford sells Jaguar and Land Rover in the summer of 2008. 2 absolute pieces of crap car companies that drained money from Ford since being purchased. GONE....... SOLD
Next one on the chopping block............VOLVO!!!! BYE BYE...Another chain lifted from Fords neck. Sale should take place in the next 3 months. Ford has 3 bidders for Volvo.
Ford stock has DOUBLED in the last 2 months. The market HAS had a wicked run here, BUT I belive more and more people are seeing the potential in this investment.
So.........We STILL have some very rough going ahead. I have been adding to my holdings of Ford STOCK (not the options.) I still have all the Ford options I intially purchased and will either exercise those options or convert them to STOCK sometime before 2010.
BUY IT.....and FORGET YOU OWN IT!!!!
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