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 ...
If he is that stupid, let him go for it.
They ( Soros' DNC maybe Obama ) layed down the gaunlet to Sarah and look how she is firing back, and her magazine ain't expended, metaphorically of course.
Do you think the Chumpster is going to outwit Mulally?
Look @ my tagline, IMHO I think he is Sarah's VP period.
He has obtained cult status here in MI. He can't go the the 7/11 for a cup of coffee without someone asking for an autograph.
And the Ford Troops love him, and one gnome told me in the company presentations he is getting a bit more political, giving Politicans the elbow and for a long time water cooler talk has been this guy is so good does he have a political career.
IMHO Obama has enough mental angst dealing with Sarah and Fox News, he doesn't need Mulally throwing his hat into the polticial ring...
What really pushed Ford into ending that ad campaign was not so much pressure from consumers, but pressure from DEALERS . . . Texas dealers, in particular. From what I understand, the combination of this "gay advertising" nonsense and Toyota's decision to open a new light truck plant in San Antonio caused a massive decline in pickup truck sales among Ford dealers in Texas.
Ford needs to do one more thing for me to purchase-
GET RID OF THE UAW!!!!!!!
It is also NON-HUSSEIN OWNED!!!!
Cool.
This is the great issue isn’t it? Are we social conservatives or are we fiscal conservatives? If the latter, then the homo thing shouldn’t bother us.
WHOAA! That's gonna drive the greenies crazy! And the physicists will tell you it's a century ahead of its time.
≤}B^)
My friend is a detective in queens, drives the ford fusion at work and likes it. I did too. You know how I feel about greenies. Tree huggers are a waste.
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