With yesterday news about quality rating for Ford, i absolutely have to get back to this one.
At the current level it is almost impossible that Ford stays where it is and i expect a very nice reboud toward the 11$ mark and even at 11$ it will still look cheap.
True that Europe is eating up Ford's lunch because of their losses but North America is still highly profitable to the point that Ford can dock the bullet for at least until end of 2013.
So i expect sales to be relatively stables maybe 1 or 2% increase year over year but shares will get a lift from the investment grade rating.
As usual do not invest more than you can afford to lose and always do your own due diligence before investing in any stock.
Get THE PLAY OF THE DAY on Twitter: @investman2
At the current level it is almost impossible that Ford stays where it is and i expect a very nice reboud toward the 11$ mark and even at 11$ it will still look cheap.
True that Europe is eating up Ford's lunch because of their losses but North America is still highly profitable to the point that Ford can dock the bullet for at least until end of 2013.
So i expect sales to be relatively stables maybe 1 or 2% increase year over year but shares will get a lift from the investment grade rating.
As usual do not invest more than you can afford to lose and always do your own due diligence before investing in any stock.
Get THE PLAY OF THE DAY on Twitter: @investman2
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