Just saw that ford reported disappointing earnings and is down over 9% while GM reported record earnings.
What is going on with big blue?
What is going on with big blue?
Ford has worst day since 2011 while GM has record earnings
- Thread starter blinelaxd27
- Start date
Some one with a lot of money is pissed they didn't get a FGT allocation.
Ouch. Down 9%.
GM is down 3.6% too.
GM is down 3.6% too.
I never understood why Ford stock does so terribly on the market. I bought a few years back when it was still slightly recovering from the crash. It hardly ever went up, even though Ford started putting out amazing products and having great sales numbers. So I dumped it after making a very small amount of money. Glad I did, because it's only gone down since then.
Ford has taken huge losses in europe and other markets where they have invested lots of money to make their business profitable in the future, where other manufacturers didn't. Ford just recently started seeing net profits in europe, not a lot, but it was better than the constant losses they had. Ford also has a huge portion of debt in the form of auto loans given to the public.
Maybe people are finally realizing how over priced their vehicles are (cars in general). It's one of the main reasons I refuse to purchase a new vehicle, just for it to be worth half it's original price in 2-3 years.
Ford posted record earnings for the 1st quarter this year. Their highest ever since they've been in business. I'm sure they'll recover from this one day bump in the road.
https://media.ford.com/content/fordmedia/fna/us/en/news/2016/04/28/1q16-financials.html
Seriously how closely do people scrutinize things so they can post some sort of controversial stuff??
When have businesses ever focused on single day earnings?
https://media.ford.com/content/fordmedia/fna/us/en/news/2016/04/28/1q16-financials.html
Seriously how closely do people scrutinize things so they can post some sort of controversial stuff??
When have businesses ever focused on single day earnings?
When they were only in business for 1 day.
Because Britain withdrew from the EU and Ford incurred losses related to currency values. The public there likely won't buy as many new cars until they meet a new deal or bounce back.
Herp Derp
Herp Derp
I think they will figure it out. They can figure how to work in the changing euro market. they will have time like everyone else to understand the changes with the britex move. I did look at some options dated in 2017 and 2018. they seem very fairly priced.
Their margins took a substantial hit. IMO, they might be exhibiting some old bad habits and chasing volume. I won't pretend to know their strategy, but based on fleet sales figures and increased incentive spend, it would seem to suggest that. It's only one qtr.
I'm still a buyer.
I'm still a buyer.
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You can thank the 'EcoBoost' push.
LOL wrong....
Vehicle allocation and planning runs several years ahead. Ford was looking at $70-90 oil and developed their product line to match. At $40, no one is looking for fuel economy so truck and SUV sales are high, but cars are slow. Still, I think Ford is missing Mullaly.
Requiring too many incentives drove their loss. What would you say was the leading contributing factor to the need for these incentives?
Automaker stocks are not very good investments because the market is so saturated. Short of something wildly innovative they are stuck in a range. I would only own it to trade the range. If Ford is struggling now that suggests they won't handle any global economic decline very well.
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