No reason to invest in Ford.
Even the CEO dumps all his shares.
5 replies (most recent on top)
:@3hza+143hPITO same thing was said by some GM and Chrysler stockholders who ended up holding worthless shares of a bankrupt companies. Always pay attention to who is first in line for $. Tip for you: it is is not the general share holders or non-executive employees.
If the auto companies want money from the government the rules should be
No stock buyback,
No exec selling of Ford stock,
Ford exec pay should be capped at 400k. No exec should be paid more than president of USA.
The Ford execs have proven to be wholly ineffective at anything but lining their own pockets at the expense of the long term viability of the company and its first line employees.
Come on, the company is not toast. But you can buy a share for about the price of a Big Mac ( not including fries and a drink)
The stock has been pure c-ap for the past five years. If you want to day trade, buy away, if your an investor, wouldn’t touch it.
Yet everyone is still expecting fluffy PRP offers!!
Obviously this posters was not around in 2007 thru 2009......the stock will go back up, and the dividend will start to be paid again once the market stabilizes.
It is a prudent move to save cash anyway one can (not just companies), as this exterior market influence could last until mid-summer. Everyone needs to just catch their breath and remain calm.