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12-22-2008, 12:57 PM | #1 | |
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Egan-Jones Ratings: Ford is Toast, Too
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http://www.bloomberg.com/apps/news?p...xiY&refer=home
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12-22-2008, 01:33 PM | #2 |
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ehhh, idk. for the most part he's right, but for those of us who are in the know with automobiles, we know ford has some very good things coming up the pipeline, not to mention that ford thrives in europe.
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12-22-2008, 02:25 PM | #3 |
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GM's had a lot of great things coming out of the pipe for the past 4 years or so, but they are in way more trouble than Ford.
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12-22-2008, 02:38 PM | #4 |
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Not really. GMs products have certainly gotten better but I've driven the new Aura for example and it's still no Honda Accord. They also have nothing innovative, they are still just getting on par with the competition. Ford has things like the Fusion Hybrid which actually beats the Camry Hybrid. GM has... vaporware.
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12-22-2008, 04:44 PM | #5 |
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Well, not really. Starting in 2005 they finally started turning a steady profit, instead of swapping profit/loss each year. It looks like they will manage to turn a strong profit this year. That will help the US side of things, like how the SUV craze here gave Ford of Europe a supply of money in the 90's.
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12-22-2008, 05:42 PM | #6 | |
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FWIW, the Accord is no Accord. It's a step down from the last-gen IMO; despite the added size, interior just isn't nearly as good. |
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12-22-2008, 06:16 PM | #7 | |
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Ford has the Fusion Hybrid, Escape Hybrid, Flex, F-Series, and the new Mustang. They also have Sync which had made the ****ty Focus popular still. Plus there is the Fiesta and Kuga in the short pipeline. I haven't driven a new one so no comment. |
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12-22-2008, 08:00 PM | #8 |
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I have absolutely no respect for Financial analysts. I put them on par with other charlatans as Nostradamus. Saying that someone "knew about the financial collapse" is like *GOSH* predicting that a soap bubble will burst. Duh. Really?!? Imagine that!1!!
In the automotive world, product is king. Period. Ford is surprisingly bringing out some (hopefully) very good products over the next couple of years. I personally am looking for a good opportunity to dump some more money into Ford stock. |
12-22-2008, 08:39 PM | #9 | |
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so how much money did you make shorting the market in October 2007? |
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12-22-2008, 09:34 PM | #10 |
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Oh, let me guess, you're a scam artists, opps I mean, a financial analyst. So did you continue to pimp out Company A as "great buys" to your clients as the rug was being pulled out from under the market?
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12-22-2008, 10:37 PM | #11 | |
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now answer my question. |
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12-23-2008, 02:44 AM | #12 |
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12-23-2008, 02:47 AM | #13 |
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hell, ive already made good money off of them in the past month.
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12-23-2008, 08:21 AM | #14 |
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That would all be fine if car sales hadn't just nosedived. Every car company is going to be hit hard, and those who were barely staying afloat before the downturn are not going to be saved by a few new good products.
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12-23-2008, 10:44 AM | #15 | |
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Mike Wevrick - no doubt, and that is all the more reason that giving these guys a lifeline (if they need it) to survive this massive downturn is soo important. Automobile manufacturing in general will continue to be a very profitable business... we just have to keep Detroit around long enough till they can start making money again. |
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12-23-2008, 01:22 PM | #16 |
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12-23-2008, 01:27 PM | #17 |
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basically, i think we can all agree that financial analysts are just yet another title people apply to themselves to make them sound important. now if someone considers their job, then thats just a laughing matter, and i lawl at it.
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12-23-2008, 01:31 PM | #18 |
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OK guys,let's get back on topic....
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12-23-2008, 01:40 PM | #19 |
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Who the hell needs "hindsight" to see that biased advise from people in the pocket of the very companies that they are reporting on is a bad thing?
It used to simply be called 'common sense'. --------- Either way, back on topic, Ford is indeed very weak, and even worse, the car market is very weak too. But they themselves are saying that they don't "need" any bailout loans (right now), so Ford might come out of this with some of the newest cars (especially with the Fiesta, and if/when the Kuga gets there) in the business to sell to hungry consumers when they start buying again. But, I honestly do not see the car market improving for at least another year or 2, so all these companies have to essentially survive till then. |
12-23-2008, 02:34 PM | #20 |
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The new Hybrid Fusion gets an EPA 41 mpg on highway, and can do 700 miles on one tank. Ford has the class leading Fiesta coming early 2010, the Kuga, Focus, and Modeo are ready and waiting pending on the success of the Fiesta. I think Ford has a strong future.
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12-23-2008, 02:37 PM | #21 | ||
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12-23-2008, 04:09 PM | #22 | ||
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Even in this craptacular economy, GM is still going to sell about 7 Million cars this year and next... those are huge numbers and huge possibilities of success. Also when a car company actually gets it's act together, it too might have a market cap of nearly $100Billion and pull in profits of $25 Billion like Toyota did in 2007. The fact that even they are seeing a loss this year (their first in 70 years) proves what kind of awful economic environment we are in right now. Are you implying that if they needed it (just hypothetically), Toyota shouldn't be given loans to assure they are around for another couple of years till the economy improves? They obviously don't need help, but Toyota's past success goes to show how profitable the auto business can be. |
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