I need opinions on what you think of Ford (f) and General Motors (gm) as a long term investment?
2006-09-23 05:24:54 · 4 answers · asked by Anonymous in Business & Finance ➔ Investing
Wow, is that a loaded question! I guess it comes down to what your opinion is of their management and their ability to become innovative again. I don't think either one will go completely bust. Another automotive company or some arbitrage firm would buy them out first. The question is how long term are we going? I would say that the outlook is grim for at least another few years. If you're a truly patient investor, it might be worthwhile, but for my money, I think there are better long term investments elsewhere.
2006-09-23 05:30:25 · answer #1 · answered by SuzeY 5 · 0⤊ 0⤋
Both of these troubled companies belong to the debt holders and the UAW. Holding common stock is a LasVegas type gamble not suitable for rational investors. Buy something solid like ExxonMobile or Johnson&Johnson.
2006-09-23 22:30:43 · answer #2 · answered by wealthmaster 3 · 1⤊ 0⤋
i think it is a waste of time
2006-09-23 13:14:57 · answer #3 · answered by samantha.sss 3 · 0⤊ 0⤋
buy puts.
2006-09-24 03:21:16 · answer #4 · answered by hgary06 3 · 0⤊ 0⤋