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Old 07-28-2009, 05:45 AM   #1
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Ford

I knew I should have bought Ford when they dipped to $1.14 per share. Especially after they didn't take the bailout money. They closed at $7.27 per share yesterday!

46% More Likely To Buy Ford 'Cause It Didn't Get A Bailout - Yahoo! News


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Old 07-28-2009, 07:25 AM   #2
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I knew I should have bought MSFT when they offered their IPO and sold it in 98
All kidding aside, Ford could still be a great buy.
The big question in my mind is can they compete over the next few years against the domestics using public money?
Chrysler's new offer to double the cash for clunkers deal is a great example of the advantage the government bailout gives the bankrupt companies.
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Old 07-28-2009, 07:57 AM   #3
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Originally Posted by Zathras View Post
I knew I should have bought MSFT when they offered their IPO and sold it in 98
All kidding aside, Ford could still be a great buy.
The big question in my mind is can they compete over the next few years against the domestics using public money?
Chrysler's new offer to double the cash for clunkers deal is a great example of the advantage the government bailout gives the bankrupt companies.
I know...........I know.....I'm mad at myself for second guessing myself!

I heard that cash for clunkers deal is 1 billion dollars and 250,000 cars sold under the program will eat up that money! Fox news reported that even in today's economic maylay, 1,000 new cars are a day are still being sold. I have no idea how many of them are being sold under the "cash for clunkers" program, but do the math and you can see that the money for the program will be used up quickly!

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Old 07-28-2009, 09:46 AM   #4
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Originally Posted by wrigley View Post
I know...........I know.....I'm mad at myself for second guessing myself!

I heard that cash for clunkers deal is 1 billion dollars and 250,000 cars sold under the program will eat up that money! Fox news reported that even in today's economic maylay, 1,000 new cars are a day are still being sold. I have no idea how many of them are being sold under the "cash for clunkers" program, but do the math and you can see that the money for the program will be used up quickly!

Mike
I'm curious what math you are using?

I'm on my first cup o' java, so maybe mine is off, but I see it thise way:

1,000 cars a day for a year = 365,000 cars sold.

The $1B/ average $4,000 from the govt equals the 250,000 cars you mention.

So I can't imagine that 250,000 of the 365,000 cars (68%) will be sold under the clunkers bill. You need to have a qualifying car, you need to be in the market for new....

Ah, here's the problem:

Auto Sales - Markets Data Center - WSJ.com

New car sales are more like 15,000/day, and almost as many light trucks....

But still, 1 of 10, 1 of 20 meeting the CFC requirements? I dunno.

-ERD50
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Old 07-28-2009, 11:29 AM   #5
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Originally Posted by ERD50 View Post
I'm curious what math you are using?

I'm on my first cup o' java, so maybe mine is off, but I see it thise way:

1,000 cars a day for a year = 365,000 cars sold.

The $1B/ average $4,000 from the govt equals the 250,000 cars you mention.

So I can't imagine that 250,000 of the 365,000 cars (68%) will be sold under the clunkers bill. You need to have a qualifying car, you need to be in the market for new....

Ah, here's the problem:

Auto Sales - Markets Data Center - WSJ.com

New car sales are more like 15,000/day, and almost as many light trucks....

But still, 1 of 10, 1 of 20 meeting the CFC requirements? I dunno.

-ERD50

It didn't sound right to me either. I'm not claiming to be a math major. It's ironic that someone from Northern Illinois caught this! My brother graduated from NIU and is an investment broker with Allstate (his math is better....I hope). I'm surprised he didn't catch my bad math!

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