Ford is a buying opportunity
Ford Motors Company (F) is on its way towards relevancy with the acceptance of the 38,000 worker buyout offer. Ford can be compared to someone buying a fixer upper home where the pipes are leaking and the entire house is in need of repair. Now that the new owner has moved in, the first thing that needed to be done is to repair the pipes so the leaking would cease. Once the leak is no more, the next step is to concentrate on fixing the other not so urgent matters. It is my opinion Ford is on its way up from here. This is exactly the same strategy as GM, which drove their stock from $18 to above $30. If the restructuring plan goes as planned, this stock would be in the mid teen, possibly $18/share by end of 2007. For these and other positive reasons, iBooyah.com is slapping a "buy" recommendation at $8.20/share.
While the only Ford I like is Willa
Ford :-), I believed the buying opportunity of Ford shares at this price is coming to a close.