Posted on 09/19/2010 9:59:43 AM PDT by SeekAndFind
Shares of Ford got a boost Thursday from CNBC's Jim Cramer, but they certainly didn't need it.
Cramer mentioned them as worthy of being a buy candidate, but this is nothing new. Ford's stock has been nothing short of remarkable, since December 2008 when it was under $1 per share. Shares are currently over $12, a remarkable run for a company that many though would need to go into bankruptcy or need government help.
Since dropping to under $1, Ford has done everything right. From cutting its massive debt load, getting products out to market, to making the company more competitive on a global scale, Ford has certainly stepped on the gas pedal at the right time and never looked back.
One can never underestimate goodwill, and Ford has certainly been a beneficiary of it. Consumers rewarded Ford by not taking government money, when competitors General Motors and Chrysler did. In tune, consumers bought more Ford products than they did GM or Chrysler to show their appreciation for doing business the right way, and it's showed.
Ford has continued to gain market share here in the U.S., and is now the 2nd largest automaker in the U.S..
Wall Street has been impressed with the turnaround story at Ford, as evidenced by an upgrade at Barclays.
This morning, Barclays analyst Brian Johnson upgraded the company to Overweight from Equal Weight, and raised his price target to $16 from $15, citing Ford's increased earnings power despite slow U.S. sales.
Ford is definitely one of the greatest turnaround stories this country has ever seen, as is a prime example of the "can do" spirit that American manufacturing is famous for.
(Excerpt) Read more at businessinsider.com ...
Better than Government Motors?
I’m switching to Ford for my next vehicle because they did not take the bailout! Was thinking of Dodge because I like the Cummings diesel. PowerStroke will do me fine.
‘consumers bought more Ford products than they did GM or Chrysler to show their appreciation for doing business the right way’
Pretty much says it all doesn’t it?
The new Mustang looks really cool.
As soon as Ford is out of the woods, unions and Obama will make them unprofitable again.
Also, what about their staggering healthcare and pension liabilities? Did the government pick them up?
Don’t be fooled. This is only temporary.
Remember, America’s Pol Pot is still President.
The F350 took me to CA and back to NH with no problems at all.
The PowerStroke worked fine, and the only place I had problems finding diesel was IL, where they wanted to sell me the bio crap which the manual says isn’t acceptable.
If you drive trucks, the Fords are fine, this being my third.
When you open up the hinged gas cap cover on my ‘08 F150, a sticker says, “Ford recommends BP”. Ford has been a really eco friendly company, and BP also means “Beyond Petroleum”
Does Ford have a car that competes with the Chevy VOLT?
Just curious if their into “green” cars and how much they’re spending on it.
Maybe the ford fusion.
“Consumers rewarded Ford by not taking government money”
I’m proud to say our family helped out by buying two Ford SUV’s.
Now if they can just get a console delete option for their larger cars I would buy one. I only fit in the F-150 and of all things the Mustang. The salesmen indicate that many people complain about the same thing. Ford listen to potential customers.
We’re running the ‘08 350 and a ‘10 Explorer.
More or less states our view of things.
At least one fact is wrong in this article. Ford stock did not drop below $1. Hit about $1.50 at it’s lowest.
Doing a lot of things correctly, BTW, but I too fear that the unions will try to hold them hostage. Smartly, Ford’s move to a world platform allows them to more easily shift production to plants in other countries and still supply the U.S., so they have a bit of leverage vs. the unions.
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