Ford continues to shine
May 3, 2010 in Investing by Brad T. Simms
I knew Ford would keep coming through as the winner for the automakers. With their debt restructuring before the fall out of General Motors and Chrysler put them in a much better position. Excellent timing on their part. Now Ford releases great sales numbers today that sends the stock higher again. I will admit I was looking at buying a lot of Ford when it was at it’s low of $1. What stopped me from loading up on Ford? I will never buy a domestic vehicle for the rest of my life. Domestic vehicles are built unreliable and the unions have tarnished the company. Their labor costs are so high and the labor they use are inefficient. Yes Toyota is having their issues with safety and this is contributing to the sales boost to domestic automakers. This will hurt Toyota for awhile to come also.
In order for you to be a buyer of F they need a better dividend yield. Yes I see this stock going to $20 but I have to believe in the company and the products they sale. You might think differently and more power to you as a investor. Believe in what your money is in.