posted
A lot of news out on the big 3 GM $4.89 Ford $1.99 and Chysler LLC.. Lot of Merger talks between the 3 :: GM talked merger with Ford before Chrysler-report 79 minutes ago - Xinhua Financial News
General Motors Corp approached Ford Motor Co about a possible merger of the two biggest U.S. car companies before more recent talks with Chrysler, the New York Times reported on Saturday. Ford was approached by GM in July, but rejected the idea and the discussions ended in September, the newspaper said in a report that cited two people with knowledge of the talks.
Also F and GM merger News:::
DOW JONES NEWSWIRES Prior to exploring a possible Chrysler merger, executives form General Motors Corp. (GM) approached Ford Motor Co. (F) in July about a possible merger, the New York Times reported on its Web site Saturday, citing two people with knowledge of the talks. The idea was rejected by Ford, which ended discussions in September, the people said, according to the Times report. Fully story: http://www.nytimes.com
I wonder what will happen IF 2 of the 3 merge and then would have two thirds of the big 3 market in the long run..
Any opinions??
Posts: 1986 | From: Florida | Registered: Mar 2006
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posted
Ford had a 52 week high of $9.24 and a low this week of $1.88 and GM had a 52 week high of $43.20 and low of $4.00 this week,,, Both companies are working on getting a new high milage car on the market within the next few years to boost sales.. Also Ford is thinking of selling its shares in Mitsubishi to get cash.. I would like to have a fews shares to tuck away for a few years to see what happens but latly have been only flipping and holding very rarely....
Any opinions..??
Posts: 1986 | From: Florida | Registered: Mar 2006
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I am shocked that they have went so low. However there are equal opportunity in the financial market.
Anyone buying and holding companies at their lows will do extremely well. How much lower is the question.
If you diversified with ten or more companies.. only 1 or 2 will possible go bankrupt.
GM is at the 1950 price. If they survive and I can't imagine the US letting the #1/2 automaker to fail.
I thought it was a buy at $10 It's a steal at 5 there may be some more down until after confidence is rebuilt. A 30% decine in sales just killed confidence in the automaker.
posted
GM up a buck pre-market this morning....wish I had some at 4 last week......Good deal to someone who got it at 4..
Posts: 1986 | From: Florida | Registered: Mar 2006
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posted
Man nobody is around today, i was out most of the day yesterday and todaay where is everyone.. Ford down a little today but not as much as DJIA.... Posts: 1986 | From: Florida | Registered: Mar 2006
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posted
F is down and news is out:::: Better than no news::
Ford's domestic brand quality in statistical dead heat with toyota and honda for 2008my Thursday 10/23/2008 7:00 AM ET - Al-bawaba
Related Companies Symbol Last %Chg F 2.05 -2.38%
As of 12:16 PM ET 10/23/08 Ford Motor Company's surging domestic quality is now equal to the best in the industry for the 2008 model year, according to the latest U.S. Global Quality Research System (GQRS) study.
Ford, Lincoln and Mercury vehicles collectively reduced "things gone wrong" (TGW) by 7.7 percent compared to last year and are now statistically equivalent with Honda and Toyota (including Lexus) atop the list of seven major automakers in the survey.
From 2004 to 2008, Ford, Lincoln and Mercury vehicle quality, as measured by a reduction in TGW, has improved by 33 percent.
"This is One Ford at its best. It's taken thousands of people continuously working together with laser-like focus every day to boost vehicle quality for our customers to the top of the pack," said Bennie Fowler, Ford group vice president, Global Quality. "But this is a never-ending journey. The goal now is to distance ourselves from our top competitors. We want to be the sole quality leader." The 2008-launched Ford F-Series Super Duty and the Lincoln Mark LT ranked first in their respective segments in both TGW and customer satisfaction. Ford Mustang GT 500 topped the sports car category in TGW.
Overall, 18 of 24 Ford, Lincoln and Mercury vehicles recorded TGW improvements. The Ford Fusion and Mercury Milan are significantly better in TGW than the Toyota Camry, which they tied in customer satisfaction.
"We are consistently delivering improved quality by following standardized, disciplined processes throughout Ford," said Fowler. "This is particularly impressive considering the difficult challenges we've had to overcome." Ford also ranked best in class for TGW performance in the functional areas of Vehicle Engineering and Electrical among major manufacturers. Ford, Lincoln and Mercury vehicles averaged 1,287 TGW per 1,000 vehicles, a reduction of 108 versus a year ago. Customer satisfaction with the company's vehicles reached its highest level ever, improving one point to 77 percent.
The 2008 model-year GQRS survey, conducted for Ford by RDA Group of Bloomfield Hills, Mich., solicits feedback on vehicle trouble and customer satisfaction from owners of all major makes and models after three months in service.
(C) 2008 Al Bawaba (www.albawaba.com)
Posts: 1986 | From: Florida | Registered: Mar 2006
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posted
I Have to admit F has been holding its own at the $2.00 range. It looks like they will not let it go lower, so IF anyone is in for the long haul now might be the time before it goes up,(I almost said POPS) but dont think it will POP for a while until we get better news and earnings increase more than EPS -5.32..
Posts: 1986 | From: Florida | Registered: Mar 2006
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U.S. auto sales for October are expected to tumble about 29% to their lowest level in nearly 17 years, according to car-shopping Web site Edmunds.com. In the latest ominous sign for the U.S. auto industry, Edmunds forecast sales will again fall below the 1-million mark to 872,000 vehicles. "And the industry should brace itself for a terrible November, typically one of the lowest sales months of the year," Edmunds said. October sales are expected to drop 9.4% from September. The grim outlook comes on the heels of a September that saw double-digit sales declines from all major auto makers and the slowest sales pace since the early 1990s. There are 27 selling days in October, one more than a year ago. On an unadjusted basis, General Motors Corp. (GM) is expected to lead the declines with a 40.7% plunge. Expected to follow GM down are Chrysler (38%), Ford (34.7%), Nissan (29.2%), Honda (17.2%) and Toyota (15.5%). "The typical Columbus Day weekend boost was almost imperceptible this year," observed Jesse Toprak, Edmunds' executive director of industry analysis. "Looking ahead, November is traditionally one of the worst sales months of the year, and December is usually one of the best. If the election and other variables don't have a significant impact on auto sales through December, we are looking at an annual total of about 13.6 million units." The combined monthly U.S. market share for Chrysler, Ford and GM is estimated to be 45.5% in October, down from 52.5% in October 2007 and 52.9% in September 2008. Michelle Krebs, senior editor of Edmunds' AutoObserver.com, noted that Toyota's intensive marketing is expected to help boost the company's U.S. market share to over 19% for the first time. -By Mike Barris, Dow Jones Newswires; 201-938-5658; mike.barris*dowjones.com
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/al?rnd=oxUE9cWkb7%2Br3Ccb87Xjhw%3D%3D. You can use this link on the day this article is published and the following day.
(END) Dow Jones Newswires 10-23-08 1250ET Copyright (c) 2008 Dow Jones & Company, Inc.
Posts: 1986 | From: Florida | Registered: Mar 2006
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posted
more bailouts on the way imo. Just print more paper. Taxpayers got their backs.
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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posted
Well I thought F was hollding above 2 pre-market down to 1.80 this morning. \ hold on to your ass-es today gonna be a bumpy ride..
Posts: 1986 | From: Florida | Registered: Mar 2006
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posted
Ford should have another nice bounce once it becomes apparent that the new democratic administration won't allow it to file bankruptcy. I bought Ford at $2.10 and sold a $.54 Nov. $3 Covered Call which I bought back for $.06. I'm now waiting for the next bounce hoping to sell the Nov. $3 Covered Call again!
Posts: 1577 | From: Ohio | Registered: Oct 2007
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quote:Originally posted by Propertymanager: Ford should have another nice bounce once it becomes apparent that the new democratic administration won't allow it to file bankruptcy. I bought Ford at $2.10 and sold a $.54 Nov. $3 Covered Call which I bought back for $.06. I'm now waiting for the next bounce hoping to sell the Nov. $3 Covered Call again!
Nice, confident no 3.00 in NOV? Holding the F longterm with call plays?
posted
Yeah, I'm trying to be in the Ford stock for free. That will take about 4 rounds of covered calls. I seriously doubt that the $3 Nov. call will be exercised, all the better if it is. I'm always interested in good covered calls, if you find any good plays, please post them!
quote:Originally posted by Propertymanager: Yeah, I'm trying to be in the Ford stock for free. That will take about 4 rounds of covered calls. I seriously doubt that the $3 Nov. call will be exercised, all the better if it is. I'm always interested in good covered calls, if you find any good plays, please post them!
Mike
well I was playing LCC, made quite a bit. Little cautious right now. but continues to go up and down... last run from 4 to 11 with options.
also cc, buying low and selling 2010 options for .15 however that distance isn't changing much. just a long term possibility at a reduced price.
posted
hey every1 new here to the board.... just wanted to say hi... already posted a few times getting the hang of things/lol
seen the talk about F = ford.....
I love flipping this stock (right now that is/lol)... I had an opportunity to buy a few weeks back at what I thought was its low of $2 flat -- then sold at $2.71ish range..... (went higher but I took profit then)
I have since bought back in (each time only a small 500 shares) again, and again average $2.01 (this dip does not bother me, I'm just looking for it to pop to $2.5+ range again......
again, just my two cents and how I have done with it, mostly to say hi!
GL 2 EVERY1
Posts: 109 | From: IA & TX | Registered: Nov 2008
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I don't think that you'll have long to wait for your next pop. Maybe this week. The new Democratic administration certainly isn't going to allow Ford to declare bankruptcy. Who knows where it might pop to when they announce a bailout!
Posts: 1577 | From: Ohio | Registered: Oct 2007
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I love that latest news asking for help.... They finally joined the band wagon and could see good results off that news in the very near term!
YES, I think it would be in the form of a bailout of sorts......
not worried a bit about the dip with my ave * $2.01..... and again -- all I am looking for is 2.5 range + again... not looking for the moon!
thanks for the reply! Nice to meet some others finally (only met one other so far/lol)
I play a lot of pink sheet company and have posted on them here.... take a peek at them, tell me what you think (IF you play pinks that is/lol)
if not, I'll be talking to you all here, bc I don't think this will be my last flip with Ford -- & man wouldn't a dble from here be cool on that news/lol
fingers crossed and wish ya the best
Posts: 109 | From: IA & TX | Registered: Nov 2008
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