Monday, September 8, 2014
This Ford move today is just silly
Ford Motor Co.:
It's -3SD on a supposed Morgan Stanley downgrade and $16 target. And maybe there's something else about a China recall, which really means the recall news has already been baked into the price.
Thing is, with a 13 cent quarterly dividend, this stock yields 3.1% right now - that kind of yield for a cyclical just looks stupid to me. And US auto sales should continue to grow; the US fleet is still too damn old. And Ford is the company that makes light trucks for construction.
I'm not buying because the bank makes love to my bum with its insane forex charges, but I don't get why everyone else shouldn't be piling in on this stock right now.