[ Ford ] 11/1/2009: Billion dollar profits after four years of losses...

**MianoSM** · 11-02-2009, 08:04 PM

So no one feels like scrutinizing the amazing news about the only non-bailout domestic motor car manufacturer?

I felt really happy at first, but then if you look at the financial statements and reports it looks less than amazing - by cutting jobs, benefits, and other payouts that have been there for the past four years...it's not really all that amazing or hard to believe that they were able to be in the black.

At nearly 7.50/share now I hope everyone jumps on their back so I can put in a short at 10.00....

....opinions?

Decoy_TT · 11-02-2009, 10:26 PM

Their stock is going to rise.

People won't do that much research into it.

**Mars_302** · 11-02-2009, 11:14 PM

autoblog had an article posted up a few weeks ago about a survey conducted a lot of GM and mopar owners would consider buying a ford next time around since they didnt take bail out money. And there was more ford owners going to buy a ford again than any other maker.

http://www.autoblog.com/2009/10/16/s...aturn-pontiac/

TampaDude · 11-03-2009, 05:56 AM

WTG, Ford...at least one US carmaker is doing well.

BIGBOI · 11-03-2009, 07:57 AM

How will cutting jobs and benefits hurt them in the future? I think ford is doing the right thing. Need to get rid of the union though.

fencerider2 · 11-03-2009, 08:04 AM

I support Ford as one of the last standing American Icons we have.

**Joe** · 11-03-2009, 08:08 AM

Quote:

Originally Posted by fencerider2

I support Ford as one of the last standing American Icons we have.

Agreed. Even though they use a lot of factory workers outside the US...

fencerider2 · 11-03-2009, 08:11 AM

Quote:

Originally Posted by MianoSM

I felt really happy at first, but then if you look at the financial statements and reports it looks less than amazing - by cutting jobs, benefits, and other payouts that have been there for the past four years...it's not really all that amazing or hard to believe that they were able to be in the black.

....opinions?

Isn't everyone doing the same thing?

Quote:

Honda Motor Co. raised its outlook for the current fiscal year, saying its cost-cutting measures are starting to pay off, too. Ford's affiliate, ...

corey r. · 11-03-2009, 10:37 AM

How much of that profit came from C4C? I wouldn't use those numbersfor much more than wiping my ass with.

fencerider2 · 11-03-2009, 11:06 AM

Quote:

Ford's results are a big boost for the company. But a lot of work still needs to be done. Of the company's $1.1 billion pretax profit, $677 million came from the finance company. Relying heavily on finance profits has long been a crutch of U.S. automakers since profits on their cars were hard to come by.

Quote:

Ford made $357 million in pretax profit in North America, after losing $2.6 billion at home in the third quarter of last year.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

**MianoSM** · 11-03-2009, 11:22 AM

I'm a Ford fan, don't get me wrong - I drive a Fusion, and would most likely buy another one or a Mustang/F150 without too much forethought. I just don't think that shooting out a billion dollar profit for the quarter was really as awesome and amazing as the masses are going to make it out to be.

**Nikon** · 11-03-2009, 05:15 PM

Quote:

Originally Posted by fencerider2

I support Ford as one of the last standing American Icons we have.

But you treated me like I was stupid and asked my age when I said I wanted to invest in them...

http://www.tampaforums.com/forums/in...0/#post3706986

And you said GM was a 'buy'...

http://www.tampaforums.com/forums/in...0/#post3706983

http://www.google.com/finance?q=NYSE%3AGRM

Quote:

Originally Posted by Decoy_TT

Their stock is going to rise.

People won't do that much research into it.

How did you fare from your purchase?

http://www.tampaforums.com/forums/in...0/#post3830193
http://www.tampaforums.com/forums/in...ml#post3840368

**Nikon** · 11-03-2009, 05:23 PM

Quote:

Originally Posted by corey r.

How much of that profit came from C4C? I wouldn't use those numbersfor much more than wiping my ass with.

I'd say a fair share of it did (~15%?).

I think the one thing that is going to kill Ford's earnings in the next year is them being too agressive with their hybrid pricing. In the beginning, the Ford hybrids were cheaper than the Toyota and Honda options, but now that Toyota and Honda's pricing dropped a bit*, Ford's pricing has actually risen higher than Toyota's inital prices.

I would have bought a Ford Fusion hybrid this summer if this weren't the case. I'm holding until next quarter's earnings, then either holding or selling. I haven't seen any further movement from them rumor/news/development wise lately that would make their stocks rise with legitimate reasoning behind it.

* - I want to say Honda dropped the hybrid Accord in 2009 due to sales being really low the previous year.

fencerider2 · 11-03-2009, 07:16 PM

Quote:

Originally Posted by Nikon

But you treated me like I was stupid and asked my age when I said I wanted to invest in them...

http://www.tampaforums.com/forums/in...0/#post3706986

And you said GM was a 'buy'...

http://www.tampaforums.com/forums/in...0/#post3706983

http://www.google.com/finance?q=NYSE%3AGRM

How did you fare from your purchase?

http://www.tampaforums.com/forums/in...0/#post3830193
http://www.tampaforums.com/forums/in...ml#post3840368

I tell how I feel and you want to beat me up, is that the way it works? So I picked GM over F and you won, or you think you won? What you don't understand is my opinion changes daily.

11-02-2009, 08:04 PM	#1 (permalink)
MianoSM Custom User Title	[ Ford ] 11/1/2009: Billion dollar profits after four years of losses... So no one feels like scrutinizing the amazing news about the only non-bailout domestic motor car manufacturer? I felt really happy at first, but then if you look at the financial statements and reports it looks less than amazing - by cutting jobs, benefits, and other payouts that have been there for the past four years...it's not really all that amazing or hard to believe that they were able to be in the black. At nearly 7.50/share now I hope everyone jumps on their back so I can put in a short at 10.00.... ....opinions?

11-02-2009, 10:26 PM	#2 (permalink)
Decoy_TT feels good to be gangsta	Their stock is going to rise. People won't do that much research into it.

11-02-2009, 11:14 PM	#3 (permalink)
Mars_302 Race Photographer	autoblog had an article posted up a few weeks ago about a survey conducted a lot of GM and mopar owners would consider buying a ford next time around since they didnt take bail out money. And there was more ford owners going to buy a ford again than any other maker. http://www.autoblog.com/2009/10/16/s...aturn-pontiac/

11-03-2009, 05:56 AM	#4 (permalink)
TampaDude Been there, done that...	WTG, Ford...at least one US carmaker is doing well.

11-03-2009, 07:57 AM	#5 (permalink)
BIGBOI Registered User	How will cutting jobs and benefits hurt them in the future? I think ford is doing the right thing. Need to get rid of the union though.

11-03-2009, 08:04 AM	#6 (permalink)
fencerider2 Puppet Masturbater	I support Ford as one of the last standing American Icons we have.

11-03-2009, 10:37 AM	#9 (permalink)
corey r. Family First	How much of that profit came from C4C? I wouldn't use those numbersfor much more than wiping my ass with.

11-03-2009, 11:22 AM	#11 (permalink)
MianoSM Custom User Title	I'm a Ford fan, don't get me wrong - I drive a Fusion, and would most likely buy another one or a Mustang/F150 without too much forethought. I just don't think that shooting out a billion dollar profit for the quarter was really as awesome and amazing as the masses are going to make it out to be.