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Post by aggiejazz on Feb 4, 2009 13:01:52 GMT -5
I am not a financial expert by any means but in my adult life time there have been two great opportunity times to buy stocks in top companies, mid-1990's and 2002-2003 and I did not take advantage of it to the max. I feel now is another great buying time.
Major companies are at an historic low but there are some companies that were once profitable and a major player in its industry that may not make it through this economic downturn. That is the tricky part of picking a stock. I will encouraged you to read financial books, magazines and news articles before buying anything.
The philosophy of holding stocks forever has been blown-up twice, 2000-2001 and 2008. Now you ride the stock a far as you can and when it decline a certain percentage that make you nervous at night then you sell.
Our community and A&T definitely need more millionaires who will earn their millions of dollars the hard way...by investing. These people usually donate more money to schools and charities. They also are able to protect their money and prevent huge loses but as always there are exceptions and 2008 has certainly shown us that.
So if you have a little bit of disposable cash you should think about buying individual stocks in leading companies within their business sector. Save the main investment money for mutual funds, bonds and a few cds.
There are some financial books I will recommend for personal finance in a later thread to come.
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Post by aggiejazz on Mar 2, 2009 14:28:16 GMT -5
Since I made the post above on Feb 4, 2009 the market has fallen further. The major indices like S&P, NASDAQ and DOW are down 15%, 13% and 15% respectively.
Bell weather stocks like GE is down 32% from $11.26 to $7.72, Bank of America, 28%, from $4.70 to $3.30; Johnson and Johnson, 17%, from $58 to $48.30 and Proctor and Gamble, 10%, from $52.52 to $47.42.
For guys in their 20's and 30's, I still believe its "oh happy day' for long term investment. It is hard to say what if this is a 'buy period' for guys in their mid 40's to early 50's.
The scary thing is what impact will the possible black hole of finance companies and AIG have on the bond market if the US Goverment continues to give these companies billions and actually trillions of dollars.
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Aggie77
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Post by Aggie77 on Mar 9, 2009 23:22:05 GMT -5
'jazz I agree, but you better be careful and do enough due diligence to have as much knowledge as possible about individual buys. I'm debating a Citi (C) buy right now. I'm waiting on more discussion (this week) on the "mark to market" resolution. I think we are very near the bottom in financials.
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Post by aahhbigboy on Mar 10, 2009 1:47:25 GMT -5
Of course we never really know, but here are a couple things to consider..................... The market is still likely to go down a bit more in the short term. Large investment houses (like M. Lynch etc) have merged with banks that are waiting for more tarp money to be released. Obama has recently run into stiff opposition on both sides. It will get passed, but the DOW will continue to go down until it does. The Treasury department had 15 positions that needed confirmation by Congress and only 1 position has been filled. That means that Geitner is pretty much working alone and it is a clear sign to Wall Street that there is no really clear plan in place to help the banking industry. That is why the stock is not only down, but STAYING down right now. So, those low prices may be fool's gold. If it were a true opportunity, many more people would be investing in it right now and a sharp flucuation would have already been realized. So, basically, it's still a crap shoot. Of course, that's just my opinion. I know how we are on facts up here so I provided this link. www.breitbart.com/article.php?id=CNG.4b23a31c3686bc071c5b2ae66b18d1d8.601&show_article=1 |
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Post by aggiejazz on Mar 11, 2009 9:55:25 GMT -5
'jazz I agree, but you better be careful and do enough due diligence to have as much knowledge as possible about individual buys. I'm debating a Citi (C) buy right now. I'm waiting on more discussion (this week) on the "mark to market" resolution. I think we are very near the bottom in financials. Aggie77, if you got that Citi stock on Monday, you are lookin' good! |
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Aggie77
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Post by Aggie77 on Mar 12, 2009 7:22:46 GMT -5
'jazz I agree, but you better be careful and do enough due diligence to have as much knowledge as possible about individual buys. I'm debating a Citi (C) buy right now. I'm waiting on more discussion (this week) on the "mark to market" resolution. I think we are very near the bottom in financials. Aggie77, if you got that Citi stock on Monday, you are lookin' good! Nope, indecisive, I’m waiting on the pull back now, probably around next Friday. I'm more a trader than investor, so if I had been in I would definitely be out now, at a 50% increase. But I did ride some Puts on the SKF during the rally for some nice pocket change. |
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Aggie77
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Post by Aggie77 on Mar 26, 2009 22:55:46 GMT -5
Getting ready to reverse cash position, who's in?
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Post by aggiejazz on Apr 10, 2009 9:38:10 GMT -5
The past 6 days were money making time. Guys, you could have easily doubled your money if you were adventurous enough to have bought stocks from mid-March-on (and have sold yesterday). Profits are not realized until stock is sold. The market indexes hit their bottom around March 6, 2009.
There are still very good buys on leading companies. Buy with care and watch your stocks on a regular bases to help form a habit of watching your finances.
Obama wants homeowners to refinanced at lower interest rates but from what I can find the fees are high. If you know of any mortgage companies with low fees for rates 4.5 percent or lower give Bluedeath a holla.
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Post by aggieman007 on Apr 10, 2009 10:02:13 GMT -5
Buy Ford stock Closed at 4.24 on thursday good buy!!!
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Aggie77
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Post by Aggie77 on Apr 10, 2009 10:21:08 GMT -5
Buy Ford stock Closed at 4.24 on thursday good buy!!! That a pretty strong recommendation. Why do you think Ford is a good buy, because it's cheap? I would disagree; it has unresolved long term cash, credit and labor issues, it doesn't have a current production product to met future fuel consumption issues, it faces very strong competition globally. There are less risky opportunities out there. |
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Post by aggieman007 on Apr 10, 2009 10:37:34 GMT -5
Ford Motor Co
Ford at 6-Month High as Barclays Says Cash Need Met (Update1)
By Keith Naughton and Jeff Green
April 9 (Bloomberg) -- Ford Motor Co. rose to a six-month high in New York trading after a Barclays Capital analyst said the automaker should be able to maintain minimum cash levels this year without needing U.S. loans.
A $9.9 billion reduction in automotive debt is bolstering Ford’s balance sheet, Barclay’s Brian Johnson in Chicago wrote in a note today. Ford, the only U.S. automaker to forgo federal aid, said April 6 it cut debt 38 percent and pared annual interest costs by more than $500 million.
Johnson’s outlook revised his Feb. 2 assessment that Ford might need government help in 2009. The company also told an analyst meeting yesterday that it isn’t counting on proceeds from the sale of its Volvo brand and expects $2 billion in U.S. loans for advanced-technology projects, Johnson said.
Ford gained 29 cents, or 7.3 percent, to $4.24 at 4 p.m. in New York Stock Exchange composite trading. That was the highest closing price since Oct. 2.
Johnson rates the shares of Dearborn, Michigan-based Ford as “underweight,” putting him among 5 of 14 analysts surveyed by Bloomberg who advise selling. Seven analysts say hold, and two say buy.
Ford has more than doubled since the March 4 announcement that it would restructure its debt. Moody’s Investors Service raised its rating two days ago on Ford’s secured loan after the debt reduction.
To contact the reporters on this story: Keith Naughton in Southfield, Michigan, at Knaughton3@bloomberg.net; Jeff Green in Southfield, Michigan, at jgreen16@bloomberg.net.
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Post by aggieman007 on Apr 10, 2009 10:41:54 GMT -5
10-Apr-2009
Blog: Ford is not Obama Motors
The Globe and Mail (Canada) 04/09/09
by Jeremy Cato
All material copyright Thomson Canada Limited or its licensors. All rights reserved.
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NEW YORK – General Motors and Chrysler put on their best brave faces here at the New York International Auto Show, but Ford Motor came out guns blazing, determined to separate itself from the other two Detroit-based auto makers.
Ford now has a more tightly honed message than I've ever seen in 20 years of covering the auto industry. The Ford people keep repeating over and over and over again that they get it – that the products matter.
If Ford is ever going to break from the Detroit pack, if Ford ever hopes to get away from the kind of deep discounting that has become commonplace for all three Detroit auto makers, the new models coming in the next year must live up to the hype.
We'll find out soon enough. Within the next year, 45 per cent of what you see in a Ford showroom today will be replaced by something new.
The Taurus gets a new design and the EcoBoost direct injection, turbocharged engine. The Fusion also gets a new look and other updates, not to mention a hybrid version. Ford says its hybrid Fusion is the most fuel-efficient midsize car in North America. That boast was painted right onto the side of a 2010 Fusion parked at Ford's stand. The Fiesta subcompact coming next year as a 2011 model was there, too.
And Ford, unlike its Detroit rivals, had an army of senior executives, designers, engineers and marketers here, all available to talk the Ford line. Ford is trying desperately to shape its message and that message boils down to this: “I'm not with stupid.”
That's my own harsh translation, but make no mistake: Ford does not want to be lumped in with GM and Chrysler. Ford is not taking government bailout money, company types say. Bottom line: Ford is not Obama Motors.
One important signal of progress came on the eve of today's first press day. Ford bondholders essentially agreed to take 38 cents on the dollar, chopping nearly $10-billion (U.S.) in automotive debt from Ford's corporate ledger. The debt holders got a combination of cash and equity. This move chopped about $500-million in interest charges from Ford's annual costs.
Cynics will say that the debt holders are taking what they can. Optimists will say that by taking equity, the bondholders are showing faith in Ford's future. The truth will be known in less than a year when we see how the market responds to Ford's product barrage.
GM and Chrysler, meanwhile, had little to show and few people to talk about the future. GM's GMC brand showed the made-in-Canada Terrain, which of course is the GMC version of the Chevrolet Equinox. It's a bold design and the four-cylinder engine gets great fuel economy. But its very presence begs the question: Why not just sell only the Equinox and scrap the Terrain? Why does GM even need the GMC brand?
GM, in its rejected restructuring plan, said GMC is a core brand, along with Buick, Cadillac and Chevy. I'm not so sure. I firmly believe GM needs just two brands in North America – Chevy and Cadillac. The rest merely waste precious and dwindling resources.
Canadian Susan Docherty, however, thinks differently and she was here bravely making her case. She heads up GMC, Pontiac and Buick at GM. Her point is that these three brands together can make a serious contribution to GM's results. She also said that all the senior leadership at GM is feverishly working to re-fashion the rejected restructuring plan. The clock is ticking on the U.S. Government's 60-day deadline.
Over at Chrysler, head designer Ralph Gilles, another Canadian, talked up the 2011 Jeep Grand Cherokee. This completely reinvented Grand Cherokee won't go on sale for at least another year, but Chrysler decided to show the production version now as a way to prove to skeptics that the company is still capable of creating all-new products despite reports that say Chrysler has completely gutted its engineering and product development ranks.
The new Grand Cherokee is quite a stunning work. It's bigger than the current vehicle, but looks smaller. The interior is a dramatic improvement too. Fiat just might be interested in this SUV. Fiat Grand Cherokee, anyone?
A few other odds and ends:
Land Rover has given its lineup a facelift and improved its power trains. But the bigger news came from managing director Phil Popham. He says Land Rover is now using exactly the same design, engineering and manufacturing processes as Jaguar, therefore better quality results are sure to follow. Jaguar recently finished first in J.D. Power's three-year vehicle dependability study, while Land Rover was at the bottom. The design changes are subtle, mostly at the front end. They help. Land Rover is also going ahead with plans to build a smaller SUV.
Volvo: New design vice-president Peter Horbury is leaving Ford to go back to Volvo. Horbury spent more than a decade at Volvo before leaving to head up Ford design in North America. Many are speculating that he's back at Volvo to help boost interest as Ford officials roam the world trying to peddle its Swedish subsidiary.
Subaru: Last year Subaru sold nearly 20,000 cars in Canada, an all-time record. Not bad in a year when almost all the other car companies suffered big sales declines. Here, Subaru is showing the 2010 Legacy that goes on sale in late summer, along with the new Outback. The new Legacy/Outback is bigger, has a cleaner design and better fuel economy. Subaru expects to improve sales this year, despite a weak market, and the Legacy/Outback is critical in that effort.
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Aggie77
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Post by Aggie77 on Apr 10, 2009 11:04:21 GMT -5
That's good info, but nothing there would convince me to buy Ford stock, it’s to early. In fact, I'm at least 4 earnings cycles away from even considering buying Ford stock. Plus, "Johnson rates the shares of Dearborn, Michigan-based Ford as “underweight,” putting him among 5 of 14 analysts surveyed by Bloomberg who advise selling. Seven analysts say hold, and two say buy." But now that bring it to my attention I will evaluate its “Put” potential.
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Post by aggieman007 on Apr 10, 2009 11:19:26 GMT -5
AGGIE 77
I work for Ford Credit I see the direction that the company is going.
A big emphasis is being place to control cost and cut loses on the credit side Ford Motors is focus on bring the best car to the market only time will tell.
Ford just got major concession w the union on the legacy cost and other benefits the union is like dead weight compared to non union automotive companies
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Post by Aggie77 on Apr 10, 2009 15:36:45 GMT -5
Conflict of Interest, that's what I figured! Who else would recommend Ford? ;D
I just looked at the charts on (F). Man, that's an $8 stock at best and that's 3 years from now. Hit me back when it falls below $2.50, it may have buy potential then in a broad market rally. Let’s see what happens when it reports earnings later this month.
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