I am going to add a modest position in F Ford today. I am certain it's going to be a bumpy ride and not for the faint of heart, but I think the free fall is close to over barring market calamity. I have followed them forever. It's almost certainly a yield trap right now as the DIV is likely to be slashed some next year, but should still remain above average. For those that aren't aware, F pays large special and unexpected dividends when times are good. Insiders paying themselves back for holding? I don't know of course but it happened more than once. Anyway, I don't recommend F to others now but they haven't failed me yet if I buy when the factory is on fire. They had the good sense to self correct prior to the automaker bailout 10 years ago. I don't see F going away. An American icon company. I truly hope the GOV doesn't have to help the industry again but I'm confident they will if necessary.
Thread Rating:
Help the old guy start a DGI portfolio
|
« Next Oldest | Next Newest »
|
Users browsing this thread: 5 Guest(s)