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Posted: 11/2/2009 3:19:57 AM EDT
[#1]
Without reading the link, I gotta say good for Ford and fuck Obama.
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Posted: 11/2/2009 3:21:18 AM EDT
[#2]
I'm looking to help their 4th qtr here.
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Posted: 11/2/2009 3:35:37 AM EDT
[#3]
excellent! im so happy for them
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Posted: 11/2/2009 3:36:40 AM EDT
[#4]
The problem isn't quarter to quarter profit margins, but sustainability. With programs like clash for clunkers and just in general good deals going around to try to maintain sales, people bought on a whim. There are really no significant signs of growth in the private sector as a whole, the government's spending can't be sustained forever. I would imagine once things snap back to reality it'll be another struggle again. Still goes to show though that Ford has put out a more appealing product than its American competition.
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Posted: 11/2/2009 4:01:56 AM EDT
[#5]
Good news but they are deeply in debt.
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Posted: 11/2/2009 4:09:29 AM EDT
[#6]
I want to see what their next profit statement says.
After you get rid of the cash-for-clunkers blip.  |
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Posted: 11/2/2009 4:24:46 AM EDT
[#7]
That profit is pennies compared to how much they've been losing, I wouldn't be suprised to see it drop sharply or even have a loss the next quarter due to cash for clunkers
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Posted: 11/2/2009 4:26:39 AM EDT
[#8]
most of the earnings upside vs. expectations was from the company's captive finance subsidiary.
strip out cash for clunkers, and the quality of earnings for the 3Q was quite low, actually. a lot of banks (like ford motor credit) are benefiting from crazy gov't incentives. borrow at 0.25% from the federal reserve, and then plow the proceeds into "riskless" treasuries or gov't guaranteed mortgages which earn, say, 5%. so, earn a net interest spread of 4.75% of something like that. this carry trade is so silly, given that both the funding and the investments are all from "printed" money. |
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Posted: 11/2/2009 4:36:07 AM EDT
[#9]
They should put it into non-union plants down South.
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Posted: 11/2/2009 4:39:25 AM EDT
[#10]
I don't care what ford does......were all fucked unless we do something about it right fucking now........I don't know what........but it must stop now.........
 mark my words..........
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Posted: 11/2/2009 4:43:39 AM EDT
[#11]
That awesome! I hope those cocksuckers at gm and chrysler choke on that story, along with the feds
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Posted: 11/2/2009 4:44:52 AM EDT
[#12]
Quoted:
Without reading the link, I gotta say good for Ford and fuck Obama. +1 |
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Posted: 11/2/2009 4:52:30 AM EDT
[#13]
Running off to bring up my Scottrade account
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Posted: 11/2/2009 5:04:03 AM EDT
[#14]
Good for Ford, but...
Ford sold off a lot of assets to stay solvent (unlike GM + Chrysler). Ford no longer owns Mazda, Jaguar, Land Rover, and a few others. They might spin off Volvo too if they can find a buyer (TaTa, Mahindra&Mahindra, etc). The "1 billion profit" likely includes accounting tricks that write-off losses from the sold brands. On the positive side, Ford sales haven't slipped nearly as badly as GM + Chrysler, and they don't suffer the stigma of bankruptcy. |
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Posted: 11/2/2009 5:19:05 AM EDT
[#15]
Quoted: Good for Ford, but... Ford sold off a lot of assets to stay solvent (unlike GM + Chrysler). Ford no longer owns Mazda, Jaguar, Land Rover, and a few others. They might spin off Volvo too if they can find a buyer (TaTa, Mahindra&Mahindra, etc). The "1 billion profit" likely includes accounting tricks that write-off losses from the sold brands. On the positive side, Ford sales haven't slipped nearly as badly as GM + Chrysler, and they don't suffer the stigma of bankruptcy. Which further proves that the folks managing the company have the smarts to get it through the tough times. Wonder how Kirk Kerkorian is feeling right now? |
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Posted: 11/2/2009 5:20:51 AM EDT
[#16]
Quoted: The problem isn't quarter to quarter profit margins, but sustainability. This was my thought as well. Hope they buried those acorns good, 'cause it's gonna be a long winter. |
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Posted: 11/2/2009 5:28:11 AM EDT
[#17]
I know I dont like fords, but if I am going to buy a new vehicle anytime soon... thats what it will be.
I hope their status as the only American auto company not suckling the socialist teat will carry them through this. |
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Posted: 11/2/2009 5:28:57 AM EDT
[#18]
Quoted: I'm looking to help their 4th qtr here. Me to. Never bought a Ford, always a Chevy, but fuck Government Motors. I see a Ford in my future. |
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Posted: 11/2/2009 5:30:29 AM EDT
[#19]
When you consider that Ford's annual revenues are in the neighborhood of $140 Billion it kind of puts that $1 Billion in perspective for you. The only good news about that gain is that it isn't a loss. I'm glad to see them in the black for a quarter but call me when they net 5%+ on an annual basis year to year.
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Posted: 11/2/2009 5:31:09 AM EDT
[#20]
Quoted:
Quoted:
Good for Ford, but... Ford sold off a lot of assets to stay solvent (unlike GM + Chrysler). Ford no longer owns Mazda, Jaguar, Land Rover, and a few others. They might spin off Volvo too if they can find a buyer (TaTa, Mahindra&Mahindra, etc). The "1 billion profit" likely includes accounting tricks that write-off losses from the sold brands. On the positive side, Ford sales haven't slipped nearly as badly as GM + Chrysler, and they don't suffer the stigma of bankruptcy. Which further proves that the folks managing the company have the smarts to get it through the tough times. Wonder how Kirk Kerkorian is feeling right now? I'mma firm believer that Ford will be here to stay. You can call them accounting tricks, but I can bet you that they're under the same Sarbanes / Oxly whatever the spelling- but that they're being looked at HARD to make sure that their accounting system adds up. I'm pretty sure Gubment Obama would let them get away with being prosperous in a market that the GUBMENT is trying to control- I hear all over the place that people are tired of buying chevy's and will only buy Fords now...that may be showing some truth? |
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Posted: 11/2/2009 5:34:51 AM EDT
[#21]
Three factors at work here, I think.
1. Cash for Clunkers boost 2. Selling of assets. 3. Buyers who opted for Ford because they've sworn off Government Motors. Time will tell how much of a factor each played. |
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Posted: 11/2/2009 5:41:46 AM EDT
[#22]
Sounds like Ford knows how to handle themselves in the bad economic times.
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Posted: 11/2/2009 3:33:15 PM EDT
[#23]
Anybody else get a Ford Stockholder letter today?
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Posted: 11/2/2009 4:14:36 PM EDT
[#24]
You guys are over estimating the cash for clunkers effect, Ford's top two selling vehicles under the program were the Focus and Escape, and the Focus is a low profit margin car. What's more important is that Ford quality is in a statistical dead heat with Toyota/Honda. They are also about to launch there own 6.7L diesel in the Super duty instead of the Navistar diesel engine, and the new redesigned 2010MY Taurus is pretty sweet with some high end features like ecoboost, blind spot warning, adaptive cruise control, and massaging seats.
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Posted: 11/2/2009 4:17:30 PM EDT
[#25]
i saw this today and it makes me glad to see that there is one good American car manufacturer left
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Posted: 11/2/2009 4:18:12 PM EDT
[#26]
Good to see.
Lets hope they start making good vehicles now. Sadly the government will ensure their demise. Count on it. Socialism is coming my friends. |
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Posted: 11/2/2009 4:18:51 PM EDT
[#27]
Too bad it's probably from selling assets and property and not selling cars.
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Posted: 11/2/2009 4:19:06 PM EDT
[#28]
Quoted:
I know I dont like fords, but if I am going to buy a new vehicle anytime soon... thats what it will be. I hope their status as the only American auto company not suckling the socialist teat will carry them through this. Their Fusion 4 and 6 cylinders are highly rated by Consumer Reports, higher than the Camry even. Not the worst idea in the world to consider one right now. |
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Posted: 11/2/2009 4:21:07 PM EDT
[#29]
Quoted: Too bad it's probably from selling assets and property and not selling cars. Thats EXACTLY where it came from. It will be short lived. they are still losing tons of money. |
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Posted: 11/2/2009 4:23:36 PM EDT
[#30]
Quoted:
Quoted:
Too bad it's probably from selling assets and property and not selling cars. Thats EXACTLY where it came from. It will be short lived. they are still losing tons of money. They are pulling the same crap Bank of America did. Sell off some commercial property they got from defaulters, nail people with lots of little fees, fudge the payroll and BAM! Profit! Stock goes up 10%in two days (you then dump yours, of course)and you're the CEO-Hero. |
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Posted: 11/2/2009 4:25:21 PM EDT
[#31]
Good for them. Capitalism at it's best.
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Posted: 11/2/2009 4:26:08 PM EDT
[#32]
Quoted:
Without reading the link, I gotta say good for Ford and fuck Obama. This. Fuck GM and Chrysler. |
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Posted: 11/2/2009 4:26:56 PM EDT
[#33]
Cash for clunkers...4th qtr will be as pervious 10
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Posted: 11/2/2009 4:29:36 PM EDT
[#34]
Quoted:
You guys are over estimating the cash for clunkers effect, Ford's top two selling vehicles under the program were the Focus and Escape, and the Focus is a low profit margin car. What's more important is that Ford quality is in a statistical dead heat with Toyota/Honda. They are also about to launch there own 6.7L diesel in the Super duty instead of the Navistar diesel engine, and the new redesigned 2010MY Taurus is pretty sweet with some high end features like ecoboost, blind spot warning, adaptive cruise control, and massaging seats. Indeed. Ford has one helluva product line-up this year, and has their priorities straight. I still have a sell order in for when/if they ever hit 8 bucks again, though. Long term debt and union issues aren't going anywhere soon. This profit has only made the UAW froggy. |
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Posted: 11/2/2009 4:30:57 PM EDT
[#35]
I'm not a Ford fan, but good for them.
 It's nice to know that ONE American auto manufacturer can hold its own, on its own.CJ |
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Posted: 11/2/2009 4:31:04 PM EDT
[#36]
Quoted:
Quoted:
I know I dont like fords, but if I am going to buy a new vehicle anytime soon... thats what it will be. I hope their status as the only American auto company not suckling the socialist teat will carry them through this. Their Fusion 4 and 6 cylinders are highly rated by Consumer Reports, higher than the Camry even. Not the worst idea in the world to consider one right now. Not at all  .
A lot cheaper than the Camry too, let me assure you. |
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Posted: 11/2/2009 4:35:07 PM EDT
[#37]
I'd say tomorrow will be the day to sell...after all the suckers see that on the evening news and go all in for ford stock. this is a result of cash for clunkers and a few other things. Note: there won't be a cash for clunkers to save next quarter's earnings.
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Posted: 11/2/2009 4:45:43 PM EDT
[#38]
I guess the union workers did a good job
they get blamed when things go bad, they should get credit for when things are good |
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Posted: 11/2/2009 5:15:19 PM EDT
[#39]
Quoted: I guess the union workers did a good job they get blamed when things go bad, they should get credit for when things are good Just how did they do a good job here? Please explain. FRom most sources it looks like Ford cut free a lot of stuff. |
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Posted: 11/2/2009 5:24:04 PM EDT
[#40]
Quoted:
I guess the union workers did a good job
they get blamed when things go bad, they should get credit for when things are good Its Ashame they are going to fuck Ford. They are shooting down everything Ford is trying to do to make a profit and stay competitive. I hope they move to non union states and say Fuck the union. |
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Posted: 11/2/2009 5:29:00 PM EDT
[#41]
They're still bleeding, a lot.
I'm a Ford guy through and through, but I'm also a realist. |
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Posted: 11/2/2009 5:31:03 PM EDT
[#42]
I always liked ford. My crown vic is built like a tank. Ten years, 140K later, only one major repair. My friends who own trucks own ford, and have had no issues. My dad's old S10 was in the shop all the time. Yet he bought a Colorado under cash for clunkers.
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Posted: 11/2/2009 6:18:20 PM EDT
[#43]
Quoted:
Quoted:
I guess the union workers did a good job
they get blamed when things go bad, they should get credit for when things are good Just how did they do a good job here? Please explain. FRom most sources it looks like Ford cut free a lot of stuff. It was just an impulse thought, to stir the pot. the uaw doesnt deserve any credit. I like Ford's |
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Posted: 11/2/2009 6:39:04 PM EDT
[#44]
Just wait until the unions want their piece of the pie. Loss money, its not the union's fault you signed the contract. Make money, we need more you greedy capitalist.
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Posted: 11/2/2009 6:42:25 PM EDT
[#45]
Glad to hear this. I hope some of the workers are safe now. Granted this is most likely temporary, but it is good news.
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Posted: 11/2/2009 6:44:31 PM EDT
[#46]
Good for them.
We'll see how the 4thQ and 1st Q goes, or if it was just .gov money (CfC, not stimulus) that helped them. I'm betting it was some CfC and some productivity gains they did. |
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Posted: 11/2/2009 6:48:00 PM EDT
[#47]
How are those GM and Chrysler profits doing?
Good for Ford. They're the only American car company that gets my money! |
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Posted: 11/2/2009 6:48:05 PM EDT
[#48]
Quoted:
Without reading the link, I gotta say good for Ford and fuck Obama. Pretty much what I felt. Also, fuck GM, fuck Chrysler and fuck the UAW. |
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Posted: 11/2/2009 6:50:18 PM EDT
[#49]
Quoted:
Running off to bring up my Scottrade account Don't bother, unless you have a time machine. By the time the news makes it to Arfcom (or the public) It is too damned late. April was the time to buy. Ever feed fish at a hatchery? It's like that. |
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Posted: 11/2/2009 6:51:51 PM EDT
[#50]
UAW will HAVE to accept cost cutting now. No way they can keep taking these losses and negotiate contracts!
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