Here's What Ford's Doubters Are Missing
This has not been a good time for Ford (NYSE: F) stock; its price is down nearly 44% year to date as bad feelings have taken hold among analysts. And no wonder.
Ford expects its third-quarter inflation-related supplier costs to run $1 billion higher than expected as a number of high-margin trucks and SUVs, with missing components due to supply shortages. Numbering an anticipated 45,000 units, the company expects to finish in the fourth quarter. Menawhile, Ford president Jim Farley has reorganized his executive lineup once again.
But the bad short-term news opens an opportunity for a dividend-paying stock as its ongoing product plans should improve its prospects in the marketplace longer term as it focuses on iconic nameplates to clarify its market image.
Source Fool.com
