"Ford says it expects 2013 to be one of the best financial years in its history with a pretax profit of about $8.5 billion. The automaker expects 10 percent revenue growth, improved market share in all regions except Europe and stronger cash flow than a year ago. The company released its forecast Wednesday ahead of a presentation to analysts by Chief Financial Officer Bob Shanks."
"2014 is expected to be another solid year and a critical next step in the One Ford plan as Ford launches the most vehicles in a single year in more than a century and invests across the business for profitable growth in the years ahead."
The pump and dump is almost over, it'll be back in the $33-35 range in no time.
The GM sales rotation is almost done now that the pump and dump is at the street level. Give it a few weeks.
IMO that will change when the GM pump & dump orchestra is done playing.
The government has sold it's GM shares to the banks in blocks, and now the pump & dump is currently in effect. F won't go anywhere until the banks are finished unloading their shares on the open market. Wait until the FY13 numbers come out in January, then the Q1 results. I think F is going to fly next spring.
Each share of the company’s Series B convertible preferred stock will automatically convert to 1.3736 shares of common stock. Holders will be paid cash for any fractional share.
GM spokesman Tom Henderson said the stock conversion adds about 137 million shares of common stock, bringing the total to about 1.523 billion. The exact number won’t be known for at least a week as payouts are made on fractional shares
This is stage two of a well-orchestrated pump and dump. GM was propped up so the government wouldn't lose their shirt and look worse than they already do while selling their shares at a loss. Who are they selling to, the big banks in large, pre-arranged blocks. Now that they are down to the last remaining few, the banks are pumping the cr@p out of it. They'll unwind their positions, and when they do GM will settle back.
Sell now or soon and protect your gains. GLTA.
The spending has been excellent, lots of investment in upgrading production and expanding their market. The CEO leaving will be good news and result in a nice run IMO. Mulally leaving has been priced in for some time. I actually think the uncertainly about it is causing further decline. He's done all he can do, positioned Ford well, and Mark Fields is groomed to take over. The problem right now is the longer he stays, the more chance there is for Fields to get plucked by another company...I believe a market concern currently reflected in recent share price activity.
Volume really isn't that high to indicate a huge sell off. GM, on the other hand...huge volume today. The government is divesting, and what F needs is the government OUT OF THE AUTO INDUSTRY.
Guaranteed the government sold shares today. Funny how when the government sells shares that there is a release of information to that effect a week or so later. Look at today's price, and look at the last time they unloaded shares. In fact, if you charted all the days the government sold, and what they sold for over the past year, I think you'd find that the range was really tight. I'd go so far as to say it was predetermined, and manipulated to make work out.
It's laughable, but not surprising. GM has been propped up, and F has been held in a range to make GM look attractive, while the government has held and begun divesting GM shares. They're almost done, and once they've sold off I believe you'll see the two stocks decouple and F gain a more reasonable share price.
I think just the opposite, it's being propped up right now while the government divests.
The government is almost finished divesting. Just wait until they're done and the pps isn't being propped up anymore.