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Stock #5: Ford (F)
Unlike General Motors, Ford (F) has refused to seek government financial aid. Instead,
the second-largest U.S. auto maker persuaded its bondholders on April 7 to accept a debt-for-equity swap that lops off $9.9 billion
of debt (28% of the company’s total burden).Ford’s vehicle-quality ratings are steadily improving, too, which should allow the nameplate to win back some market share
after the recession passes.In addition, the company is investing in a huge new electric car factory, and the management is actively changing the whole
game. Competitors will be left with no option but to follow. This is a big bet for the company but at around $6 a share, the stock
need only be a small bet for you. Could it go to $30? Oh yes.Related Articles:
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