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View Full Version : GM, Ford, Nissan see double-digit jumps in sales as economy strengthens



Roger Perry
02-02-2010, 03:33 PM
Good news for the American auto industry.
http://www.msnbc.msn.com/id/35200833/ns/business-autos/

Buzz
02-02-2010, 03:37 PM
I'm a happy owner of a fist full of F stock. When they were a dollar something per share, and they didn't take any federal money during the bailout, I figured that would be a good stock to own. My investment guy made me sign a form stating that he didn't recommend the stock to me to cover his butt with his company. Now he says he should have been recommending it to everyone, and buying it himself... :cool:

Roger Perry
02-02-2010, 04:40 PM
I'm a happy owner of a fist full of F stock. When they were a dollar something per share, and they didn't take any federal money during the bailout, I figured that would be a good stock to own. My investment guy made me sign a form stating that he didn't recommend the stock to me to cover his butt with his company. Now he says he should have been recommending it to everyone, and buying it himself... :cool:

Good for you.:smile: Stock now over $11.50 a share.

Henry V
02-02-2010, 04:52 PM
On a related note, I also saw this at http://money.cnn.com/2009/10/29/news/economy/gdp/index.htm

http://i2.cdn.turner.com/money/2009/10/29/news/economy/gdp/chart_gdp.03.gif

Another good sign in a struggling economy. Funny, no one else here started a thread with this rather good news. ;)

K G
02-02-2010, 05:51 PM
On a related note, I also saw this at http://money.cnn.com/2009/10/29/news/economy/gdp/index.htm

http://i2.cdn.turner.com/money/2009/10/29/news/economy/gdp/chart_gdp.03.gif

Another good sign in a struggling economy. Funny, no one else here started a thread with this rather good news. ;)

One good quarter does not a trend make..."good" being the relative term. Anything that isn't red is good; do it for several consecutive quarters and BHO might have better than a snowball's chance of being re-elected...the national debt and our budget deficit notwithstanding....;-)

On the automobile front, GM's boost came largely due to fleet sales, not individual consumer sales. I know...a sale is a sale...but coming off of a 26-year LOW in January of '09, sales were expected to rebound...and they did. This should be a surprise only to those that haven't been paying attention.

Chrysler's down, Honda is down, Kia is flat, Toyota is facing a disaster. I hardly think it's time to celebrate just yet.....:cool:

Reality regards,

kg

paul young
02-02-2010, 06:51 PM
if i'd bought 10,000 shares of ford at a dollar, i'd be celebrating!

wish i had had Buzz's intestinal fortitude.....-Paul

Marvin S
02-02-2010, 06:51 PM
Chrysler's down, Honda is down, Kia is flat, Toyota is facing a disaster. I hardly think it's time to celebrate just yet.....:cool:

Reality regards,

kg

Watching CNBC this AM when a couple of PR guys came on & their consensus was that Toyota had managed the crisis well :confused:. I guess after 19 people have been killed it is probably time to look at what's happening to see if your company can CYA :rolleyes:. I wonder how that makes all the doggers that have Toyota trucks feel, some were fairly proud of their piece of iron :p.

Buzz
02-02-2010, 08:05 PM
if i'd bought 10,000 shares of ford at a dollar, i'd be celebrating!

wish i had had Buzz's intestinal fortitude.....-Paul

How did you figure out that I bought 10,000? I had everyone that I mentioned it to tell me that I was crazy. My reply was, the time to buy a stock is when no one else wants it...

paul young
02-02-2010, 08:20 PM
HA! just a lucky guess!

i don't really understand the "market" so i keep to the stock i do know...GD.

I'LL NEVER GET RICH THAT WAY.......-Paul

Franco
02-02-2010, 08:57 PM
Toyota is facing a disaster.




Toyota is way too strong a nameplate to stay down long. Buyers are pissed that they can't buy some models. Talking with a local dealer, she was telling me that folks are still coming into buy models that were pulled, especially the Tundra. Once Toyota gives the green light, thier sales will rebound.

I agree that comparing Jan08 to Jan09, sales could only go up with Jan08 being a 26 year low.

They way the current administration is spending money, I doubt many will be able to buy a new anything soon enough.

Henry V
02-03-2010, 12:55 AM
One good quarter does not a trend make..."good" being the relative term. Anything that isn't red is good; do it for several consecutive quarters and BHO might have better than a snowball's chance of being re-elected...the national debt and our budget deficit notwithstanding....;-)

I hardly think it's time to celebrate just yet.....:cool:

Reality regards,

kg
AGREED
That's why I said "a good sign in a struggling economy".

No celebration regards, but maybe, just maybe, we are crawling out of an economic hole. Take a look at this estimate for the fourth quarter "Economy soars 5.7 percent, fastest in 6 years". Again not reported here before. http://www.reuters.com/article/idUSN1416882220100129
http://link.reuters.com/suk66h
That seems to be two quarters. The next worry is the double dip recession.