Ford has the earnings report at 5pm today. I follow the Ford Stock investor message boards; strange thing is there is no mention of pending layoffs. Usually, layoffs are important piece of information in the Due Diligence before buying stock. Investors see layoffs causing uncertainty, such as brain drain, loss of productivity and general upheaval in a company.
Either way, the Earnings report news by tomorrow morning should give us a good clue as what is happening.
Ha! You believe the financial numbers, then you are a su---r. They are pumped up and not real. Good luck buying stocks at this inflated price.
The dividend is the Ford family’s welfare payments. They get a check for doing nothing besides being born.
See - all you complainers/downers wasting time here yet somehow the company made some money and the stock jumped. Maybe you will get a few extra crumbs for profit sharing.
I can't wait to see the results with 8000 slackers removed and out of the way. I'm still a buyer of Ford stock when it hits $5.
@blk Because when we dig into the numbers it is more number jiggering and spin
What is with all of the down votes? Would you people rather see Ford to
go into chapter 7? Being at Ford and on-site is like being in the Twilight Zone, but some good news should be welcomed.
Also @vsr, why did you assume that the only people leaving would be in their mid 50's with their only option to retire?
I really don’t think there will be brain drain. Most of the engineers eligible to retire are in their mid 50s and have too much debt and not enough saved to live at the paycheck to paycheck pace they are currently at. We can call them the cricket. There is a more cautious group and they have always set 30yrs as a milestone, maxed out 401ks and such. Even if there is brain drain this group will realize the opportunity to come back as contact folks on a temporary basis and everyone wins.
I don’t get it.. they sell less cars than ever for a higher price, but does that translates to being profitable? What am I missing in this picture? Did they payoff all their loans they took at the start of Covid? Is it 1998/1999 all over again Or is there some hyperbole goings on?
There are still 18,000 vehicles that have been counted as revenue sitting in parking lots waiting for chips.
They only raised the dividend to 15 cents because the entire Ford family depends on it to finance the lifestyle they inherited.
If you listen to the call, not a single analyst started their comments with “Great quarter!”
In fact, Adam Jonas started with a comment that this is the most positive earnings call he’s heard in a long time, then immediately asked “Does Ford have too many people?” Farley tap danced for a while. Listen to replay, hilarious!
Ford Motor reported quarterly earnings of $0.68 per share which beat the analyst consensus estimate of $0.45 by 51.11 percent. This is a 423.08 percent increase over earnings of $0.13 per share from the same period last year.
Ok got it, I am just looking for something more concrete for news, other than the usual ambiguous BS.
Ford is increasing the dividend - equating to about $800M in cash outflow a year.
If you get laid off, it’s so that Ford can pay investors (and Ford family) those dividends - not because of EV transition or anything else.