S&P sees a drop in FoMoCo’s future stock price

Posted: Dec 30, 2009
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Standard & Poor’s sees a drop in Ford’s future stock price according to their latest rating of the company’s stock from hold to sell.

“Although expected, Ford’s confirmation that it has substantially agreed to sell Volvo Car Corp. to China’s Zhejiang Geely does contrast with General Motors’ failure to sell various assets such as the Saturn brand,” analyst Efraim Levy wrote in a statement released Dec. 23.

With Volvo gone, Ford is expected to sink all of their efforts into improving and marketing their core brands. Ford is expected to continue a modicum of cooperation with Volvo, however analysts at this point are considering Volvo an amputated limb of Ford at this point.

- By: Stephen Calogera

Source: Automotive News (Subscription Required)


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  • DadzBoyz

    Ford sells Volvo. They achieve what GM can't (selling a brand, actually three in a 36 month period) and as a result, unloads three un-profitable brands and S&P rates them a hold to sell.

    Is this the same S&P that gave the financials good credit rankings just before they were bailed out by our tax dollars? The S&P…. a rating agency who's job it is to foresee massive changes or fluctuations in markets and missed the most recent recession. I'll make a note of that.
    “Whatever S&P says, do the opposite…” Buy!

  • DadzBoyz

    Ford sells Volvo. They achieve what GM can't (selling a brand, actually three in a 36 month period) and as a result, unloads three un-profitable brands and S&P rates them a hold to sell.

    Is this the same S&P that gave the financials good credit rankings just before they were bailed out by our tax dollars? The S&P…. a rating agency who's job it is to foresee massive changes or fluctuations in markets and missed the most recent recession. I'll make a note of that.
    “Whatever S&P says, do the opposite…” Buy!