Zeev's Turnips Patch-No Politics (ZEEV)

[marketmaven]

Doubled F Short- Watch the bonds melt first. The "financial gains" for F, GM et al are a total fraud IMTO

02/02/04 - Ford cut to 'sell' vs 'hold' at Deutsche Bank (F) By Ciara Linnane
NEW YORK (CBS.MW) -- Analyst Rod Lache at Deutsche Bank cut his rating on Ford (F) to "sell" vs. "hold", citing reduced confidence in the car giant's ability to meet its mid-decade earnings goal. In a note to clients, Lache, who also reduced his price target to $12 from $13.50, said recent earnings suggest that Ford's assumptions are too optimistic. "The company's earnings targets are in large part predicated on improving pricing and mix, which will be difficult in a rising interest rate environment," he said. The main driver of mix improvement in the last three years has been interest rates and longer-term loans, a benefit which could reverse if rates rise, he said. Ford shares closed Friday down 2 percent at $14.54