Quote:
Originally Posted by GregWeld
I personally think FORD (F) is the best of the autos and own this name. The problem is their dividend sucks -- if it was better -- I'd buy more of it than I already have (ditto Wells Fargo). I bought Ford more for the growth story than the dividend. This kind of stuff is where you have to be ahead of the curve... so once I saw the economy beginning to make the turn up - I started building a position in the name. (same with WFC). Being early can come with pain... but if you stick to your original reasoning - and you're right (eventually) the payoff is great.
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Ford has been real good to me I bought in may of 2012 @ $10.54, I kept buying and averaging down all the way to my last purchase of 100 shares @ $9.07
I have a total of 871 shares, and have had 2 dividend raises from $.05 to $.125
I'm happy with this stock even with a 3% yield, my savings account can't do that.