Re: American Auto Industry

Posted by Dave Kenney On 2008/10/12 8:37:27

Don't discount oil and resource stocks. Some of these are trading at only 3 times earnings! Freeport-McMoran the copper giant had a 52 week high of $127 and now trades at $36! I am a buy and hold kind of investor and at my age more interested in dividends and yield than capital gains. I am going to wait until I see a trend either way befor committing. Most of my investments are in bonds and preferreds so I have a bit of cash to move into common shares. personally I find auto companies pretty risky.