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Strategies & Market Trends : Dave Gore's Trades That Make Sense -- Ignore unavailable to you. Want to Upgrade?

To: bophilips who wrote (11219)	8/14/2002 8:21:45 PM
From: bophilips	Read Replies (1) \| Respond to of 16631

I bought F today at 10.72 (a dividend yield of 3.75%). I think the dividend is safe and Ford is getting it's act together and back on tract. At a 10 year low you might take a look at F. I saw this same thing happen to Ford 10 years ago and they came roaring back, this time I think they are starting from a stronger base. DEARBORN, Mich. (CBS.MW) -- Shares of No. 2 automaker Ford Motor bounced back from levels not seen in almost 10 years Wednesday as the broader market staged a late-afternoon advance. Shares of Ford (F) ended the day down 9 cents to $11.35. More than 18 million shares had changed hands in a session that saw the stock hit $10.65 a share -- average daily volume is just over 9 million shares. The last time the stock traded this low was in December 1992. As a policy, Ford, headquartered in Dearborn, Mich., doesn't comment on the stock price, said spokesman David Reuter. The spreads on Ford bonds are widening, noted Ron Tadross, analyst at Bank of America Securities. "They have a better balance sheet than GM. I don't know why they'd penalize it [the stock] so much," he said. Shares of other automakers were higher, with No. 1 automaker General Motors (GM) rising $1.63 to $44.69.