<p>Filed under: <a href="http://www.autoblog.com/category/ford/" rel="tag">Ford</a>, <a href="http://www.autoblog.com/category/earnings-financials/" rel="tag">Earnings/Financials</a></p><a href="http://www.reuters.com/article/businessNews/idUSTRE5AG0F120091117"><img vspace="4" hspace="0" border="1" align="right" alt="" src="http://www.blogcdn.com/www.autoblog.com/media/2009/11/investor-soros-250-right-getty.jpg" /></a>About a year ago, when Ford's stock dropped to just above $1 per share, we had a total Ralph Kramden-style get rich quick epiphany. Take all our money and buy Ford stock. Why? Having driven Ford's new, excellent products (like, say, the <a href="http://www.autoblog.com/2009/11/12/ford-fusion-breaks-into-top-10-best-selling-vehicles-amid-best-y/">2010 Ford Fusion</a>), we knew that barring some weird disaster, that its stock could only, would only rise. Talk about easy money - we'd just sit back and get rich(ish). Trouble was A) we didn't have very much money B) we... forgot to buy any Ford stock.<br />
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Now, billionaire with a <em>B</em> investor and philanthropist George Soros has <em>lots</em> of money. Tons, quite literally. So much, in fact, that his holding group bought 7.3 million shares of Ford stock yesterday. All in, those shares are valued at about $53 million. Because of Mr. Soros' confidence in Ford, the price of the company's stock shot up briefly over $9.00, before ending the day valued at $8.98 a share. All in all, it's up 3.1% since Soros said "go." Imagine if we would have sunk $1,000 or so into Ford back when the share price was $1.26 last November. Nearly $8,000 smackeroos of cold, hard, profit! Maybe next recession.<br />
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[Sources: <a href="http://www.reuters.com/article/businessNews/idUSTRE5AG0F120091117">Reuters</a>; <a href="http://www.autonews.com/apps/pbcs.dll/article?AID=/20091117/ANA02/911179991/1078">Auto News</a> - sub req | Image: Paul J. Richards/AFP/Getty]<p style="padding:5px;background:#ddd;border:1px solid #ccc;clear:both;"><a href="http://www.autoblog.com/2009/11/18/report-billionaire-investor-soros-buys-53m-in-ford-stock-send/">REPORT: Billionaire investor Soros buys $53M in Ford stock, sends it soaring</a> originally appeared on <a href="http://www.autoblog.com">Autoblog</a> on Wed, 18 Nov 2009 17:29:00 EST. Please see our <a href="http://www.weblogsinc.com/feed-terms/">terms for use of feeds</a>.</p><h6 style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;"></h6><a href="http://www.autoblog.com/2009/11/18/report-billionaire-investor-soros-buys-53m-in-ford-stock-send/" rel="bookmark" title="Permanent link to this entry">Permalink</a> | <a href="http://www.autoblog.com/forward/19243947/" title="Send this entry to a friend via email">Email this</a> | <a href="http://www.autoblog.com/2009/11/18/report-billionaire-investor-soros-buys-53m-in-ford-stock-send/#comments" title="View reader comments on this entry">Comments</a>
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<br />
Now, billionaire with a <em>B</em> investor and philanthropist George Soros has <em>lots</em> of money. Tons, quite literally. So much, in fact, that his holding group bought 7.3 million shares of Ford stock yesterday. All in, those shares are valued at about $53 million. Because of Mr. Soros' confidence in Ford, the price of the company's stock shot up briefly over $9.00, before ending the day valued at $8.98 a share. All in all, it's up 3.1% since Soros said "go." Imagine if we would have sunk $1,000 or so into Ford back when the share price was $1.26 last November. Nearly $8,000 smackeroos of cold, hard, profit! Maybe next recession.<br />
<br />
[Sources: <a href="http://www.reuters.com/article/businessNews/idUSTRE5AG0F120091117">Reuters</a>; <a href="http://www.autonews.com/apps/pbcs.dll/article?AID=/20091117/ANA02/911179991/1078">Auto News</a> - sub req | Image: Paul J. Richards/AFP/Getty]<p style="padding:5px;background:#ddd;border:1px solid #ccc;clear:both;"><a href="http://www.autoblog.com/2009/11/18/report-billionaire-investor-soros-buys-53m-in-ford-stock-send/">REPORT: Billionaire investor Soros buys $53M in Ford stock, sends it soaring</a> originally appeared on <a href="http://www.autoblog.com">Autoblog</a> on Wed, 18 Nov 2009 17:29:00 EST. Please see our <a href="http://www.weblogsinc.com/feed-terms/">terms for use of feeds</a>.</p><h6 style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;"></h6><a href="http://www.autoblog.com/2009/11/18/report-billionaire-investor-soros-buys-53m-in-ford-stock-send/" rel="bookmark" title="Permanent link to this entry">Permalink</a> | <a href="http://www.autoblog.com/forward/19243947/" title="Send this entry to a friend via email">Email this</a> | <a href="http://www.autoblog.com/2009/11/18/report-billionaire-investor-soros-buys-53m-in-ford-stock-send/#comments" title="View reader comments on this entry">Comments</a>
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