Investors should sue and call to revoke license of Peter Nesvold. Who on earth beleived him to drop an GOLD stock like this. Sould peter have financial interest in FORD or other copetitor?
"That's not to say analyst Peter Nesvold downplayed the stunning results. He did, however, tell clients to take a hard look at the stock, not the company, as he pointed out that the surprise 12% pop makes for a good time to pocket some cash.
"We continue to believe that Alan Mulally & Co. are doing a terrific job with the turnaround," he said in a note cutting the stock to underperform. "Despite the improving longer-term story at Ford, we think investors should take profits now and reload at a more attractive entry point."
Apparently, they believed him."
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Don't be too concerned. The fuckin basterds will get their day. Ford is on an upward trend regrdless of wht the shmucks say. They are doing all the correct moves to improve Ford. Cost are getting lower and quality is goin up. Just look at JDPower.
guys, the 100 million profit was basically because of the exchange rate... weak dollar. nothing to do with the core business being healthy. with the only new products coming out in the US being gas guzzlers-- the taurus and the f150-- how can you expect a real turnaround? they would have made more money just buying euros a year ago, as it has appreciated over 40% against the dollar.
They made over $700 million in profit with write-offs they still made $100 million. Their loss in NA was down to only $40 million. Jim Cramer says that this downgrade is irresponsible. Ford is a strong buy.
Strong sell is the best way to go. With record high gas prices fewer people will be buying Ford's fuel hog vehicles. The phoney numbers yesterday do not change the fact that Ford is in big trouble. Ford could easily hit a new 12 month low this year the way things are going ($4.00+ per gallon gas this summer).
However, I might buy some Ford stock when it gets down to the price of a gallon of gas.
Remember: You were warned.
STRONG SELL, STRONG SELL, STRONG SELL, STRONG SELL
Oh the pain!!! I was dancing in the street yesterday, and today, I am sick to my stomach. The pros really kicked my butt. I am really wondering if I am out of my league trying to buy/sell stocks. I always seem to end up with a small gain over time, but the small returns are not worth all the risk and pain. Double down and cost averaging down will some day wipe me out.
Hang in there b/c I still think we will get to $10.00 by end of year.
Feel better now? Bear and Stern aka JPM would tell u: words will never hurt me but fools who sold have done us and our customers a great favour and we will return the favor soon with an upgrade on ....JPM followed by an upgrade on F (maybe).
It is not the mistake of the incompetent analysts at Bear Sterns & JPM, it is the mistake of the idiots who have sold and the fools who have jumped on Ford shares thinking it is a good short.
For those who still haven't heard the news Bear Stern is a bankrupt company bought on the cheap by JPM. So in fact they are now the same company singing the same tune of manipulation.