The BoormanBlog

Ford Motor Company (F) has been on a tear lately! According to Cramer, we’re at the point in the economic cycle where you should buy the auto makers (after several Fed rate cuts). Glad I listened. I got in at 6, and after a few days, it’s nearly at 7. I already unloaded most of my position already. Not making a whole lot, (more cab fare home) but after this week, it’s been easy money, and isn’t that the best kind.

This may still have more to go, especially if Ford can turn things around. I read that they are eliminating up to 90% of options for many of their models. Turns out 10% of the combinations of options were making 90% of the money. Hopefully, these cost cutting measures will show on the bottom line.

I’m loving Ford right now!

This entry was posted on Tuesday, April 8th, 2008 at 8:48 pm and is filed under Pimp My Portfolio. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.