Ford Shares Close to 2009 Levels
Ford Motor (F) shares came within 5 cents of its 12 month low and finished the day at $9.26. Ford is now just 2% away from its 12 month low and trading at its Dec 2009 price.
Ford shares are still on the decline despite announcing its quartlery 5 cent dividend last week for a 2% annual yield. Ford's forecast is not pretty but the company is now trading at an alarmingly cheap P/E of 2 and an EPS of 4.7.
Last week Ford said they expect to lose around $570 million internationally during Q2. European operations could be down as much as 80% but Ford still expects to post a profit. Stay turned for Ford's Q2 earnings call next Wednesday (July 25th). Until then expect choppy trading at best on Ford Motor shares.
MASTERY Bottom line:
Ford could get cheaper but it has a solid management team, stock price under $10 and sports a dividend.
The time is soon to bet on a comeback of this American icon.
FORD (F) CHARTS
Best of the Blogs
Scanning and identifying the best blog entries every hour
- U.S. Warms to Clean Energy | Financial Sense
- Movement to Declassify 9/11 Information Gathers Momentum ... 9/11 Commission Chairs and Congressmen Call for Declassification | ZeroHedge
- Corporations Join Droves Renouncing US Citizenship | ZeroHedge
- Ukrainian Coast Guard Attacked Near Russian Border, Some Killed | ZeroHedge
- Does France Need A 21st Century Revolution? | ZeroHedge
- Here’s Why Women Feel Underemployed (Hint: It’s All in the Major) | Financial Sense
- Employers Aren’t Just Whining: The “Skills Gap” Is Real | Financial Sense
The most relevant financial news and articles from the Internets
- 3 Biotech Stocks Under $10 in Breakout Territory | TheStreet.com
- Unusual 11 Mid-Day... | StreetInsider.com
- HSBC's China Manufacturing PMI Comes In Light | Business Insider
- England 227 all out against India in third ODI | Business Insider
- 15 Ridiculous Finance Moments That Have Us Convinced This Must Be... | Business Insider
- The Weekend Is Over In Asia And Stocks Are Mostly Down | Business Insider
- Rising Star of Belgian Cycling Igor Decraene Dies In... | Business Insider