Ford Joins the 52-Week High List

Chrysler files for bankruptcy, and is taken over by the government. Then GM files for bankruptcy, and is taken over by the government. Then Ford hits a 52-week high!

Given what was going on in the auto industry just a couple of months ago, it's hard to believe that we would ever be seeing Ford (F) on the 52-week high list. However, that's just where it is today following a better (or less worse) than expected earnings report.

Is Ford's strength due to investors anticipating a pick up in the auto industry? Or are they just assuming that Ford will be the only one left standing now that the government is pulling the strings at GM and Chrysler?

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Comments

[spawn44:]

Hiring Mulally was like switching drivers of a 917 at Lemans from a granny to Mario Andretti. How could anyone be surprised at Ford's turnaround if you have been seriously following the autos.

Jul 23 12:06 PM

[Buy and Hol...:]

Ford is doing what Goldman did. They are taking advantage of the turmoil at GM and Chrysler to grab market share and to boost their revenues. In Goldman's case, that resulted in record profits. For Ford, it resulted in much lower than expected losses.

There used to be an ad that Ford ran with the tagline "have you driven a Ford lately?" That may be a question investors want to ask about Ford's stock.

Jul 23 12:24 PM

[Ervin Raab:]

What is really interesting is Ford decided to start reducing it's debt in 2006-2007 in anticipation of an economic downturn.

How is it this company was the only one that could see the light at the end of the tunnel was a train?

Ervin Raab

Jul 23 12:47 PM

[MikeyLV:]

So what? The past 52 weeks have not been great for the autos, just look at a 2 or 5 year chart. What I want to know is can Ford reach a 2 year high ($9.20). When it was $7.13, which we are close to, Ford issued its last dividend (0.05).

Jul 24 12:44 PM