Fuzzy Numbers Matter

Sep. 02, 2017 1:42 PM ETFord Motor Company (F)
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Contributor Since 2016


Summary

  • Did some data look ups today, and indications are for F DOWN
  • Original assumption was a "pop" in vehicle sales
  • Long term outlook negatively impacted

One of the profit centers of Ford is there financing arm.  Estimates are that 300,000 to 500,000 vehicles were destroyed.  With (F)'s market share 0f around 18%(and I believe it's higher in Texas) that means 54,000 Fords.  (Conservative, possible 90,000).  While this will mean a short term pop in vehicle sales, the credit scores behind them will be diminished to one degree or another.

Continuing to exit (F).

Disclosure: I am/we are long F.

Additional disclosure: Currently unwinding all positions in Ford

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