Poll: Ford or GM Stock

[dandruff]

Ford is below 10 today.

GM is 28.xx

Both very close to their 52wk lows.

Personally I dont see myself buying a Ford or a GM in the next 20 years ... but somehow I dont see these staying as sub $20 or sub $30 stocks ... now vote ...

 

[nakedfrog]

I think they can go lower.

 

[CaptnKirk]

Lockheed

 

[gshock888]

marlboro

 

[iamwiz82]

I'd be very wary of GM right now. Lots of anger in the lower levels about the way things are shaping.

 

[arcas]

Until GM demonstrates that they know how to fix their financial problems, I don't think they're a very good investment. They could fall another 30%.

 

[Jeff7181]

I wouldn't buy either.

 

[osiris3mc]

Uh, is this a joke? Do you now know the recent sh!t with Ford?!?

 

[Miramonti]

Depends how long you want to hold it.

 

[xEDIT409]

If you get Ford stock, it might tip over...


:laugh:

But why ask ATOT, when all of life's decisions can be made here.

 

[Balt]

Originally posted by: Jeff7181
I wouldn't buy either.

 

[Jeff7181]

Out of curiosity, is there any reason out of 6 or 7 thousand stocks, it MUST be either GM or Ford?

 

[alien42]

i wouldnt and dont invest in either

 

[everman]

Whoever Toyota buys... :Q

 

[DaveSimmons]

Vanguard.com VFINX. A bet on 500 companies is a lot safer than a bet on one or two.

 

[iwantanewcomputer]

they are both worthless if the company files for bankrupcy. even GM bonds are concidered junk bonds now. i still think they are overpriced, but worth taking a look at

 

[SuperTool]

I wouldn't buy either. Bought Ford last year, but sold almost right away before it tanked, so didn't lose much. They have some good products, but their overhead is too high for retirement and healthcare.
Right now I am in natural resources.

 

[UTmtnbiker]

Two words. Pension obligations.

These old line companies with huge pension liabilities are always going to have weak looking balance sheets. In addition, these companies have been consistenly underfunding their pensions or their financial statments would look so red, you'd a thunk OJ took a knife to them.

I personally would stay away from US automotive stocks for the time being (probably until they file bankrupcy, which will never happen, at which point they can get out from underneath these outrageous pension obligations). That being said, I wouldn't buy Toyota either. There was an interesting aritcle in the WSJ about 2 weeks ago about how Toyota could actually be a takeover target due to how they've leveraged their stock with their subordinate companies. I don't think it's going to happen, but Toyota's stock has also been severely underperforming.