Saturday, February 10, 2024

Will Ford Remain a $12.00 Stock?

The quick take on FoMoCo common shares was always "It's a $12.00 stock."

And it has been, although with a couple of serious dips, like the one it took after Ford refused a Government bailout; the stock went to $2.00 or so--then recovered.

But Ford is a different company now.

...ITEM 3: NYT reported, “Ford Reports Quarterly Loss but Says Sales Grew.”

The story said, “The division of the company that makes gasoline and hybrid vehicles earned $813 million before interest and taxes in the fourth quarter, and its commercial vehicle division made $1.8 billion. The unit that makes electric vehicles lost $1.6 billion.”...Quoted at Surber's place.

How long can commercials and gas/gas-hybrids keep a $1.6 BN loser afloat?

We'll find out!

 

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