Ford Focus
January 24th, 2007 by Grant in: Investing, Stock ThoughtsTomorrow my market focus will be on Ford (F: chart). They’re hosting an earnings call at 9am to detail a record loss for 2006.
While this will surely have an adverse affect on the market short term, I’m still bullish on the stock through 2009 when Alan Mulally anticipates being back in the black.
I’ve been waiting for a pull back in the stock for the last week or so, and until yesterday couldn’t find one. Todays trading compounded the affects of a slight retreat, and I have a feeling the earnings report out tomorrow won’t have a gentle effect. That said, an anticipated poor earnings report could pose a sell off, but the direction of the stock will lie in the anticipation of the future.
I still like Ford, I still like Mulally and I still think he’s the guy to put the lift kit on the company, and the stock. All I need is a massive sell off to pick up some stock under $8… Tomorrow could be the day.
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