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Not as strong as a special dividend as they offered last year around this time which was .25 in addition to the standard quarterly .15 per share. Was hoping for another .20 or 25. Probably why it spiked on the 10th only to loose ground after. While better than nothing, it is hardly worth hording the stock for a measly .05 extra per share.
Welcome back, Frankie. Missed your insight.
WTF? Ford is dipping under 12.00?
Yesterday, ford finally broke out and managed to stay above $12.42 with pretty high volume after flirting with the low $12.40s for about two weeks now. We'll see if she can stay up there and aim for $13.
As long as there are people in control of vehicles on the road, the roads will never be 100% safe. Eventually, once all the manual cars wind up in the salvage yards and all that remains on the roads are autonomous vehicles, even then it won't be 100 percent safe but only safer.
Malfunctions or other objects such as pedestrians or deer crossing the road and such could throw a variables at the algorithms but hopefully, they will be programmed for evasive maneuvers and accident avoidance and idea is that they will be able to handle them without the panic that we humans experience in such situations. More like Mr. Spock of Star Trek.
Sad to say that seems to be more the rule than the exception, that's for sure. Maybe one day, this stock will break that pattern?
Where have you been Frankie? Have missed your chart reading posts. Was wondering where you think Ford is headed from here? Lots of recent damage due to panic selling. Do you think it has a bit further down to go before rebounding?
I agree since the last drop was right after the Brexit and it got down to around 12.20 but quickly recovered once word got out that the Brexit fears were less justified than once thought and less impact will be felt.
Now, it is looking like the fears are more well founded and people are reacting once again.
Also, the notion of the auto industry reaching its peak is also spooking the market now that the July sales numbers are supporting this idea.
If you ask me, it is all overblown and fear got the best of people causing a mass over-reaction. Hopefully, things will correct itself in short time.
And, we long investors must be the neurotic boy friend that keeps coming back for more! How much more of the crazy down swings, can we put up with before breaking up with this bitch once and for all?
Every time it goes down, I say to myself well I can't sell now, it is at its low end and is bound to recover and when it does, I'm selling once and for all. But as time goes by, I forget about vowing to do that and I get burned all over again. I must be crazy! Ugggh! As they say, crazy attracts crazy.
Bexit buying opportunity? I'm tempted to buy in now that the Bexit has taken place but might wait around a little while to see how this plays out on Ford's stock since Ford was listed as part of the top 10 companies that would have the most to loose if Bexit took place. Anybody have an opinion on this?
Wonder why the stock is up 2% this morning when the overall market is down. Not seeing any big news to cause a rally on this stock but maybe it's a bit oversold?
Brexit looking imminent! According to a new poll of 2000 people, it looks like 55% are for a Brexit and 45% are not. Consensus is that if a Brexit takes place, then it won't bode well for the auto makers even though it will take a year to two for the change in trade policies to be implemented. The fear factor will cause business changes way before that time.
Wondering if this is legitimate cause to be nervous about ford's PPS.
The way the stock market has been moving during the past two days, I'm not sure I should have bought into the "Go away in May" Mantra! Even though ford was a little hesitant to go with the flow of the market for a few days during the run, it is taking off today pretty well. Go ford!
Right? There was some speculation that this year would be a bit different in terms of the May May Go Away strategy because we really aren't up much for the year and that is why I cashed in on 50% of my stocks and left the other half to chance. Prepared to purchase more in the event things get really ugly.
Frankie, What are the charts looking like right now? The 50 MVA crossed over the 200 MVA about a week ago and that is supposed to be a good sign, right?
Probably the buyers that bought strictly because of the dividend selling while it is worth more than they paid. That's the only explanation I can think of that makes any sense.
I thought that the rule of thumb was to purchase stocks at least one day before the ex-divi or "must own by" date for it to settle or clear by the "on record date" which is actually 2 days beyond the ex-divi(must own by date). If that is the case, then latest purchase date would be by close on the 26th and not the 21st or 22nd.
I know this question typically comes up on this forum around ex-divi date time and it can be a bit confusing. One thing is for sure, the purchase has to clear by the "On Record" date which is rarely published but safely assumed to be 2 days beyond the published Ex-Divi date. Therefore, if it takes 3 days to clear, then the math says that one could safely buy the day before the Ex-Divi date and still have it clear in time.
Please let me know if I'm wrong on this.
It hasn't always gone down after earnings announcements. If you look at q3 2014 and q4 2015 they were exceptions. Other quarters in 2013 & 2014, were also exceptions so it is really about 75 percent up and 25 percent down with no respect to beats vs. misses.
So far, the recent trend has been down after earnings announcements (last 4 quarters), but maybe it is about to break that trend as it has been show to in the past after a series of down trends after earnings announcements.
What happened? Started the day out well but then fell on its face in the red while the rest of the market including GM did well. Looks as though confidence of the stock rising further is low and profit takers ruled the day. Very frustrating but maybe it takes a leg down to gain a leg to break through that 200 day MA.
Looking pretty strong this morning!
You may be right. Considering the overall market is doing gangbusters today, Ford is only marginally up from yesterday. It's as if it is reluctant to get going. I picked up 1000 shrs at 13.03 yesterday before it fell to 12.92. It didn't stay in the 12's for long before recovering along with the rest of the DOW. I don't see it going too much further than that and eventually, it should break out of the 13s at least once the divy date is set.
Looks like you are on the money. It just dipped into the 12's.
So, The Ranger has been available in Europe but not the US? I thought they weren't bringing back the Ranger until 2018 according to a prior post. To freshen up something implies that it already exists and that is why I'm making the assumption it currently available in Europe.
That's a hefty amount of stock to unload. According to Etrade's Inside Activity for the stock his shares held at the time of sale for 13.60 ps was 1,627,664 which tells me that he sold a bit more than 47 percent of his holdings unless that figure is what remained in his holdings after the sale instead of what existed before the sale. Not sure but either way it doesn't add up.
Disconcerting at the very least!
My next door neighbor just got a new Colorado a few weeks ago. I thought Ford was working on or had already revived the Ranger. No?
I thought ford's divi is cash only and they didn't offer a re-investment option. At least that's what the Etrade rep told me when I tried to change my divi from cash to re-investment. They said that Ford enforces that rule and that the broker doesn't have any control. Have I been ill informed?
BTW, Just a few weeks ago when this stock was flirting with 11.18 a couple days in a row, there was a certain poster that claimed that it would go down even further to the 10's. Prompted me to sell 1000 shares at $11.58 per share just in case it came to fruition. . .dooh! Just goes to show you can't put too much stock in posters predicting bottoms even if they did get lucky once before. Next stop...14's! Go Ford!
Must be the reason why it has taken a 5% hit this morning. Funny how when an analyst upgrades the stock, you don't see the same reaction in the opposite direction! Like Rodney Dangerfield would say. . . no respect, no respect!
Hopefully this is an overreaction!
The "Special" divy of .25 is a one time deal for last quarter. That ship has already sailed if you didn't own the stock on the ex divy date. The .15 divy is their normal regular quarterly divy and is presumed to stay unless they take it away like they did during 2009.
Here is a link to a CNBC video that mentions ford a few times as a divy stock that people are buying instead of the low yeild bonds:
http://www.cnbc.com/2016/02/08/this-has-become-a-scaredy-cat-stock-market.html
Yep looks like it is finally breaking out of the ugly sell pattern and it is getting some respect it deserves and on a super down day for the rest of the DOW. Bigtoe, wondering if you still see the mid 10s in the near future?
I'm starting to think the times of huge dives for this stock are over when the DOW is down over 300 points and ford is just a few cents down from its close on Friday. Looks like it is fairly resilient to the overall market trends during the last session and so far throughout today's.
False sense of security...maybe? Time will tell if a pattern is forming and with the next good market day (likely after the fed speech later this week) could be a huge leg up for ford? I certainly hope so. Otherwise, I can buy some more with the cash I made on my panic sell of 1000 shrs at $11.55 in the 10's. Happy trading all!
Even before this news came over the wire about the robust January Sales in China, the stock was pretty much holding its own which is an encouraging sign considering how the Dow is doing today. Let's hope the major selling has curtailed encouraging the buyers to jump in.
I won't be convinced until I see it bounce up and continue upward for a while without taking a sudden nose dive just when it shows some upward mobility or stability.
I certainly hope you're right because I've held only 3/4 of my stock of ford throughout this slump.
On a note about the automatic computerized trading (Bots) going on with this stock, I've observed that pre-market trading tends to be up on days where this stock takes major dips presumably due to the automated trades which tells me that real people are buying.
With that said, it stands to reason that the automated trades don't take place during the pre and post market hours and therefore, actual real traders such as the ones trading pre and post market hours are thinking that it is a good buy.
It's just that the volume can't counter that of the automated trades enough to make a difference so once the bot selling settles, there should be a good bounce!
PPS seems to be doing better this morning after testing 11.02 again. We'll see if it holds through the day. I chose to get rid of 1000 shares purchased for at 11.50 for 11.58 just to avoid a loss in case it does make it down into 9's in the near term. That way I have some cash that I can use to pick up some in the 9's if an when it gets there which I still hope it doesn't. Time will tell..
So, once again, you were correct with Ford testing the 11.18 mark which it is currently hovering at after dipping down to 11.02. So far, your track record is spot on, Bigtoe.
Are you saying that your crystal ball (charts) say that its headed to high 9's if it can't maintain above $11.00? I hate to sell when its so low, but if it is headed to the 9's, it might be the prudent move. Just have to weigh out the probability of it going too much lower against it recovering any time soon.
I own 4500 shares of this and up till 3 months ago only owned less than half that which was bought in 2011 and 2012. Kept buying on the way down thinking it would rebound. I suppose I need to learn to sell and not get sentimentally attached to stock. Hard(costly) lesson learned.
I am taking a beating with holding all my shares of ford. Even GM is taking a beating today after releasing superb earnings results! How much lower can the pps get? I know that the general consensus is that the automotive stocks have reached their peak, but with the price of oil expected to remain low for a while, they should at least chug along at its current earnings for the next year. Why the panic in getting out so damn early? Is it just the macro economic/global economy stuff that is rattling everyone's nerves?
Ford Plans to Reduce Jobs, Cut Low-Profit Auto Models in Europe
4:30 AM ET 2/3/16 | Dow Jones
By Christina Rogers
Ford Motor Co. plans to eliminate hundreds of jobs and kill off some models in Europe as part of a plan to maintain profits in a region that long has bedeviled the auto maker.
The No. 2 U.S. auto maker on Wednesday plans to offer voluntary buyouts to most of its 10,000 salaried employees in Europe, the company said. Ford expects hundreds of takers, saving it $200 million annually.
Ford also plans to stop making some less-lucrative models and refocus on higher-profit cars and sport-utility vehicles to compete better in Europe, a market long burdened by overcapacity and price wars, the company said.
The Dearborn, Mich., auto maker, which gets about 19% of revenue from Europe, turned a $259 million pretax profit in the region last year after losing more than $3 billion between 2012 and 2014.
"The goal is very simple," said Jim Farley, Ford's European chief. "It is vibrant and sustainable profitability, that we make a return in good times and bad."
Ford is targeting long-term operating margins in Europe of 6% to 8%, up from about 1% last year, as it builds on a massive restructuring plan started in 2012 that resulted in the company closing three factories and cutting 5,700 jobs. The plan has proved expensive, given Europe's powerful unions and high severance costs for laying off workers. But it also has saved Ford money by boosting factory use above industry norms.
Mr. Farley declined to say which models Ford would eliminate. But sales of the company's minivan-style B-Max and S-Max posted double-digit sales declines last year as Europeans flocked to higher-riding crossovers and SUVs.
The restructuring plan, in addition to attempting to stabilize Ford's long-challenged European operations, also is a significant test for Mr. Farley, tapped by Chief Executive Mark Fields to run the region at the start of last year.
Former CEO Alan Mulally poached Mr. Farley from Toyota Motor Corp. in 2007 to run Ford's marketing operations. Mr. Farley rolled out the company's "Drive One" advertising campaign that has endured for years after Ford repeatedly changed slogans and approaches.
Ford and other rivals have racked up billions of dollars in losses in Europe over the past few years amid a six-year sales slump that sent demand plummeting in the region to its lowest levels since the early 1990s. Ford's chief rival, General Motors Co., gets about 13% of its revenue from Europe and has lost more than $7 billion in the region since 2010 but expects to regain profitability this year for the first time since 1998.
Ford's European restructuring aims to mirror success overhauling its U.S. business, which contributed to record financial results last year. Ford previously spent years in the U.S. cutting jobs and closing factories before borrowing roughly $24 billion and paring businesses as part of a massive turnaround.
Ford's cuts in Europe have been deeper than most other car makers, including GM, which closed a plant in Germany in 2014. With North America profits peaking, Ford is focused on reaping gains abroad.
"Ford looked to be on the front foot in dealing with capacity," said Mark Fulthorpe, an auto analyst with IHS Automotive. GM, meanwhile, "tried to make smaller cuts," he added.
North America, however, remains Ford's cash cow, generating $9.3 billion in operating results in 2015.
European car sales have rebounded over the past two years, but Ford executives want to slim down costs enough to keep it solidly in the black for the next downturn.
The auto maker is banking on a barrage of new models to lift profits and is hoping to sell pricier versions of its models under the Vignale trim line. Ford has five new or redesigned SUVs slated for Europe in the next three years, including a new Edge crossover.
The company also is looking to improve factory usage through a more than 7% gain in efficiency. Ford has factories running at near-full capacity in Europe and has pledged in the past to grow sales there to 600,000 vehicles by 2020.
Mr. Farley, who in Michigan helped push Ford toward social media and to sell pricier versions of vehicles, such as those with Titanium trim lines, hopes previous success will translate overseas.
In Europe, Mr. Farley often pops into the cafeteria during lunch to take the pulse of employees. "I refuse to eat by myself," he said. He plans to train Ford's marketing focus on getting consumers into its cars, while dialing back on auto shows. Ford plans to skip the Paris Motor Show this year.
Write to Christina Rogers at christina.rogers@wsj.com
> Dow Jones Newswires
February 03, 2016 04:30 ET (09:30 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
WTF happened with the trading at the close yesterday with F being above 12.20 and closing at 1I.86?
If only it were that easy. Interesting correlation though and might be worth considering.
just picket up another 1000 shares at 11.50. Surely to god, it can't go much further down than this with a TREFIS price target of $15.00 pps which is usually understated. The average target is $18 among the analysts. Go ford!!!