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Ford shares rise


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Low: 7.55

High: 7.83

Change: .46

Percent: + 6.242%

 

52 Week Low: 6.06

52 Week High: 10.30

 

"We believe most of the good news is behind GM but ahead of Ford," Nesvold wrote in a research note." "We believe investors are starting to conclude that GM's written the restructuring playbook for Ford," Nesvold said."We expect Ford to reemerge in September with a more aggressive turnaround," he added.Ford, which posted a second-quarter loss of $254 million and has hired an outside financial adviser, has said it will close 14 plants and cut up to 30,000 factory jobs to return its North American unit to profitability by 2008.The automaker has said it will announce details of an accelerated version of its restructuring plan by the end of September.

 

Given GM's rise in stock price, Nesvold said he believes "investors will warm up in a hurry to a restructured Ford."

 

Awww, yeah! Let's keep this thread alive...and maybe we'll be doing a little bit of this :party2: :beerchug:

Edited by JM
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$8.17

 

it's still going :happy feet:

 

Trading of Ford continued to drive the price of the struggling automaker's shares up this week, closing at $8.26 Wednesday. That's a whopping 36-percent gain since Ford bottomed out at $6.06 on July 21. The market seems to be anticipating announcements expected around September 18 by Ford management that plants will be closed more quickly and asset sales, such as possibly Jaguar and Land Rover, are in the offing. There seems to be mounting belief that even an unprofitable Ford is worth more than $6 a share, what with the combined value of its brands. -Jim Burt
Edited by JM
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There is no sense to any of this. This is just whipsawing. Wait until the Sept. announcements fail to be as exciting as expected. Then will begin another period of gloom, despair, and hand-wringing, and share price declines.
No More Delaying The Way Forward. You werent sastified when toyota moved forward ahead of Ford on its on turf. Richard your as The Donald would say are Fired. What do you think is exciting and what do you think is expected? :shrug:
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No More Delaying The Way Forward. You werent sastified when toyota moved forward ahead of Ford on its on turf. Richard your as The Donald would say are Fired. What do you think is exciting and what do you think is expected? :shrug:

Look, I'm just predicting the carping that will most certainly begin again in September. I don't know what the announcements are going to be.

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