FUNDAMENTALS, INVESTING, MARKETS/ECONOMY, STOCKS

Ford Fugly. Can You?

Halloween, 2019. “A horror story” you say? Kevin Burns, Juul CEO, comment reported by whistle-blower lawsuit citing “contaminated nicotine pods:” Burns; “Half our customers are drunk and vaping like mo-fos, Who the fuck’s going to notice the quality of our pods?” It’s a horror show when your company’s CEO attempts to make up for lost fruit-flavored revenues by purportedly shipping contaminated product. And referring to customers as addictive drunks? It’s all good bro.
O.K., so does Ford’s trunk load of troubles still seem so horrific? Let’s see. The share price hasn’t ceased dropping since the 31% EPS beat reported last Wednesday. Sedan sales dropped 29% in Q3. Don’t forget looming talks with the UAW. And then there’s this comment. “Moderate, strong, and stable.” Hum. That’s what Powell said yesterday as he cut rates for the third time.
“Moderate growth, a strong employment market, and stable inflation.” Hold-up. What’s the chatter about the holidays and retail sales and the health of the last leg standing–the U.S. consumer? “Stronger than last year.” And Q3’s GDP? 1.9%. Taken together, that’s not all bad, and neither is Ford. Let’s look at “Ford.Fugly. Can You?”

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