Ford Stock Price headed lower

[flyinghunter]

7-26-18:

Ford Motor Co. F, -5.99% stock was on pace for its lowest close in more than five years, off more than 4% on what was also shaping up to be its worst one-day percentage hit since February.

Share losses for Ford were steeper as analysts criticized the continued lack of detail about its restructuring plan.

Investors long have complained that Ford was keeping details of its turnaround too close to the vest and have dinged the company for it. That continued to be a problem after earnings.

Ford warned that its restructuring efforts, including steps beyond abandoning the sedan market in North America, could cost as much as $11 billion and stretch over three to five years. Ford also postponed a September investor day.

“For us the biggest issue with Ford as an investment is the lack of clarity” on where the company is going, where the company wants to be, and “whether the company actually feels any urgency around putting in place a strategy and executing it,” analysts at Evercore ISI said in a note Thursday.

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[likeaboss]

I’m not surprised Wall Street isn’t clear where Ford is going because it seems rank and file Ford employees and us Ford fans don't either.

I hope Ford leadership doesn’t forget to invest in their core business (making gas cars and trucks) as they chase electric vehicles, autonomous vehicles, ride sharing, etc.