Have You Bought Ford, Lately?
I’m starting to see a little uncertainty in Ford (F: chart, Y!) with the stock dropping $0.07 today. This is actually good news for a guy who’s trying to get in the game.
Additionally, the company expects to see January sales down 20% over the same month a year ago due to a drop in sales to rental car companies.
Interestingly enough, Ford is watching the real estate market to see how their F150 truck sales will do for the rest of the year.
Mark Fields, Ford’s president of the Americas, said what happens to the F-series this year is largely dependent on how the housing industry fares.
I can see how the real estate market could affect truck sales, but I don’t know that the sales numbers would be “largely dependent” on real estate. It seems like Fields could be using any decline in the real estate market as a scapegoat for decreasing truck sales. Of course, if you want to nit-pick, you could argue that any decrease in the housing market will have a trickle down effect which will undoubtedly affect auto sales across the board.
We’ll see. I’ve still got a buy target in for under $8 per share. It’ll be interesting to see if I get an opportunity or not.

In the precious metals market, I think I repeated the following line a half dozen times over lunch today:
I shoulda bought gold. I shoulda bought gold. I shoulda bought gold…
As my markets-guru brother told me today, we saw ourselves a gold rush today. GLD (GLD: chart) was up 61 cents today, largely on the fact that the Fed is leaving interest rates alone. At least for the time being.

And so it goes.
Sphere: Related Content
Check out the Silver ETF, SLV. Silver is often overlooked to Gold, but if you look at some simple supply/demand charts over the past 6 years it’s pretty simple to see that our need for silver exceeds the supply (the following link is a good report that outlines silver and some supply/demand issues….. http://pubs.usgs.gov/of/2004/1251/2004-1251.pdf). Remember, just because something looks expensive, in dollar terms, doesn’t mean it can’t go higher. My conservative estimate for silver is to go to $15/5k ounces by EOY…..
Another thing to look at, if you’re not gung ho on the outlook for gold, is to buy SLV and short GLD as some say the ratio is at a discount right now.
Good thoughts, Winston.
Man, gold sure got slapped around on Friday. Dollar going up is what caused the fall in GLD I think.
I don’t like ford just yet, I think the company will be on a wild ride for the next 6 months while they find their direction.
Great blog, by the way!
Go FORD! Picked up some cheap shares on that last dip.
As an ex-Ford employee, I am a bit peeved at the way Mulally is handling the employment chain of the company. Seems like he’s coming and sweeping house without discresion.
Also, the union is really caving to the new management, which in the long run will be a bad thing. They are giving up the freedoms now expecting to get them back in the future. Ain’t gonna happen.
All I can say is that the stock is a major gamble right now. You’re better off buying an F150