Ford @ $7.45 and a $.60 dividend is yielding 8%.
I am of the opinion that Ford may become a takeover target of a hedge fund or (tinfoil hat securely in place) TESLA.
It may have some more downside, but seriously, Ford go belly up - not going to happen.
Any opinions out there??
PoindexterOglethorpe
(26,727 posts)lapfog_1
(30,143 posts)Tesla market cap is 127B.
Yeah, Ford is ripe for a buyout from someone. I don't know what assets and obligations are on their books, how much cash on hand they have... but new cars were not selling all that well before the corona virus hit.
I don't think corporate raiders would be interested in them as the assets are probably under water (financially speaking).
MichMan
(13,158 posts)safeinOhio
(34,068 posts)It has been a gamble that paid off. Cashed in enough to pay for the investment and some profit. Cant miss on the rest. Still have 500 shares. Never expected to reap any dividends.
Wellstone ruled
(34,661 posts)Going to ride it out. Ford Family Class A as well as Ford Bonds issued by Ford Motor Credit are still paying 7+% in increments of 100k with a 2025 call.
Ford Motors problem is Bill Ford. Wall Street has zero time for him.