Ford shares hit highest price in 4 years

[boomerbust]

Source: AP

DETROIT (AP) - Shares of Ford Motor Co. hit their highest price in more than four years as the broader market rose Tuesday.

Shares of the Dearborn, Mich.-based automaker traded as high as $9.88 in Tuesday's session, their highest price since October 2005. Shares recently traded up 18 cents at $9.85.

Ford shares have nearly quadrupled in value in the year to date as the company rolled out new products like the Ford Fusion midsize sedan, cut costs and managed to avoid government aid and bankruptcy protection unlike its crosstown rivals General Motors Co. and Chrysler Group LLC.

Deutsche Bank analyst Rod Lache predicted late Monday that Ford's sales would rise 4.5 percent in December when compared with the same month last year, while GM sales would drop 16 percent and Chrysler sales would fall 19 percent. The forecasts are adjusted for two additional selling days this December compared with last year.



Read more: http://news.moneycentral.msn.com/ticker/article.aspx?Feed=AP&Date=20091222&ID=10920853&Symbol=F

[Aramchek]

1. It's all Obama's fault I tells ya!!

;)

[DonMeyer]

2. Great Adbot

Have to love the adbot. Chevy Traverse. I wonder if it knows what the thread was about.

Ford-Union Made.

[proud2BlibKansan]

3. I bought my shares at $1.50

:woohoo:

[PassingFair]

4. I had to sell all of my Aunt's shares at the beginning of the year to qualify her for Medicaid...

Figures.

[WriteDown]

5. Isn't that always the way it goes?

:shrug:

[jaksavage]

7. I wanted to

but my partner is more conservative... Damn.

[Best_man23]

9. Bought 100 shares of Ford Preferred at $6.00

Sold 50 shares at $18.00, and its closing in on $40/share.

Proud to be a Ford owner, too.

[Windy]

14. we did too!!! Yippee!!!! I'm hoping for a split... it will be awhile though...nt

[WriteDown]

6. How is MS-GM trading? nt

[proud2BlibKansan]

10. It's not LOL

[Odin2005]

8. YAY!

Suck that, Toyota.

[blue_onyx]

11. If I had money earlier this year...

I would've bought some Ford stock.

[onethatcares]

12. didn't they just offer to buy out a major portion of thier union

workers? What are they going to do with the money? Do the CEOs and upper echelon get bonuses and the shareholders get a bump?

[skipos]

13. I like my Ford Fusion Hybrid that I bought with CFC. Much more comfy & roomy than the Prius

I test drove.