Ford stock price correction?

[Thomas Rogers]

Is the run over? Was today a correction? Down over 12% in today's trading as analysts say Ford missed earning expectations.



Thoughts?



TJR

 

[Les]

The key word being "expectations"

The fallout from the disappointing earnings overshadowed an otherwise upbeat report from Ford, which reported its best annual profit in a more than decade -- $6.6 billion. The automaker also saw its share of the overall U.S. car market rise to 16.4%, 1.1 percentage points higher than in 2009.



Ford said as a result of its financial performance in 2010, some 40,600 U.S. full-time hourly employees would be eligible for profit-sharing payments of about $5,000.



The company also boosted its estimates for overall U.S. sales of cars and light trucks to an industry total of 13 million to 13.5 million, up from previous forecasts of 12.5 million. Ford also raised its expectations of its North American production in the current quarter to 650,000 from 635,000.

Sounds like they are moving in the right direction.

 

[scott degroot]

Nothing but short term profit takers making a buck off of the stock today. Still holding on to all of my 1000 shares that I bought when Ford stock was at it's lowest and have no plans of getting rid of any of it. Seems over the last year the or so the stock runs up and then falls back down but every time it falls back down it remains higher...just natural ebb and flow if you ask me as there is no other financial news that would indicate trouble ahead for Ford. I think if the whole Egypt thing wouldn't have happened the stock wouldn't have been hit as hard as it was.

 

[Johnny O]

Me too, but if it gets close to $12 I think I'll sell.