Interesting to note that while the average earnings estimate for this year has moved up from 1.27 to 1.80 over the past 90 days, the stock has only moved from 11.50 to 12.50. Bull markets climb a wall of worry. We're in the middle of a very nice rally now, and when the pundits stop preaching doom, it will be over.
Nothing new here in the linked article, other than analysts admitting that they had been slow to accept Ford's success, and are still hedging somewhat by pointing to $20 WITHING a year. I am more optimistic, expecting $20 BY YEAR-END!
I do like this excerpt however.
<<It quoted John Murphy, a Bank of America Merrill Lynch analyst as saying: "Relative to the competition, Ford is near the top of the list.>>
That captures the main point regarding Ford as an investment opportunity. Ford's success is right now highly relative. There is no requirement that the entire industry get a lift for Ford to succeed. Don't get me wrong, I await the release of several years of pent-up demand, as it should cause Ford earnings to explode. But they'll do just fine with "realative advantage" in the meantime.
Barrons has been raggin on Ford for the past year and a half.For them to say anything positive about Ford is a huge testament to Fords accomplishments.If your inclined to be a Bear then Barrons is the mag for you.Nothin but doom and gloom permeates their articles. Go Ford!
Outstanding news from Barrons. This validates my own opinion on Ford's future. I retired from Ford about three years ago and had some knowledge of where F was heading. It's great to see the changes started, even before Mr. Mulally arrived on the scene, paying off now.
Ford has a lot more good news yet to come!