Great to see Ford having a solid quarter; they were better managed than Chrysler and GM, and they stayed away from the socio-fascist takeover pulled off by the Administration.
I'm still hesitant to buy; this quarter's results were obviously buoyed by the Handouts for Clunkers program, and the Teamsters aren't happy with the one that got away, so they rejected Ford's latest offer that brings its labor costs in line with the Government Owned Automakers.
That said, predictions of profitability in 2011 are appealing....
UPDATE: I think Brother Jim bought Ford at about $2....looks like a wise investment right about now....
Tuesday, November 3, 2009
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Correct CW, bought a couple thousand (within my Chuckie Schwab IRA)at just below $2. So far a four-bagger. Who knows, I may be eating a better brand of dog food in my old age!
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