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Ford Stock Below $2 another 2k workers to go

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Old Nov 7, 2008 | 06:25 AM
  #1  
97svtgoin05gt's Avatar
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From: New Jersey
Ford Stock Below $2 another 2k workers to go

Okay, I don't know how anyone else feels, but this stock is getting beyond dangerously low imo. Another reported loss of $129 million and additional 2,290 white collar layoffs. I wonder how long it will be before there aren't enough people to keep the company moving forward. This is some scary *hit.

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Old Nov 7, 2008 | 07:31 AM
  #2  
Knight's Avatar
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From: Volo, IL
I'm not scared and I took the liberty to buy a few hundred bucks in Ford stock with it being so low.
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Old Nov 7, 2008 | 08:40 AM
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05fordgt's Avatar
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From: Phoenixville, PA
Originally Posted by Knight
I'm not scared and I took the liberty to buy a few hundred bucks in Ford stock with it being so low.
Well, I'm glad your not scared. Try working for a dealership right now. We just learned that Magarity Ford, a staple in the Chestnut Hill, PA (Philly suburb) area for many many years, closed it doors yesterday! This is not going to be good!!
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Old Nov 8, 2008 | 07:09 PM
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Hollywood_North GT's Avatar
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Originally Posted by 97svtgoin05gt
Okay, I don't know how anyone else feels, but this stock is getting beyond dangerously low imo. Another reported loss of $129 million and additional 2,290 white collar layoffs. I wonder how long it will be before there aren't enough people to keep the company moving forward. This is some scary *hit.

Unfortunately, I must refer back to my hospital patient analogy here. It's more apropos to GM, but to a lesser extent it applies to Ford, too.
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Old Nov 8, 2008 | 07:10 PM
  #5  
Hollywood_North GT's Avatar
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Originally Posted by 05fordgt
Well, I'm glad your not scared. Try working for a dealership right now. We just learned that Magarity Ford, a staple in the Chestnut Hill, PA (Philly suburb) area for many many years, closed it doors yesterday! This is not going to be good!!
Nope, it's not good at all. But that's your capitalistic, market-driven economy for you. You have to take the ups with the downs.
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