[ QUOTE ]
On a pre-tax basis,
[Ford's] worldwide automotive losses in the third quarter were $1.3 billion, a decline of $732 million from a loss of $609 million during the same period a year ago.
[/ QUOTE ]
Bottom line... looks poor from both a technical and fundamental perspective.
Ratings from a few stock graders...
IBD Stock Checkup = D-
Navallier Stock Grader = F
Market Edge = Avoid
Argus Rating = Sell
Here's Goldman Sach's latest research note...
[ QUOTE ]
Ford (U/C)
owngrading to U/C; expect revenue and cost pressures to intensify across most businesses
October 21, 2005
Our downgrade to U/C reflects five key factors: (1) We see mix and volume headwinds in 06 from lower SUV and pickup sales offset only slightly by car volume gains; (2) FMCC earnings will likely continue to be pressured by higher interest rates and a possible headwind from loan loss provisions; (3) Falling long term rates imply higher 06 pension/OPEB expense; (4) Tax benefits worth about $0.25 in 05 are unlikely to repeat; (5) Our new 06 and 07 ests are about 50% below prior levels and we now see material downside to 06 consensus ests. Headcount cuts, likely UAW healthcare concessions and other cost saves may offset, but will likely do little to rectify, most of the pressures weve enumerated. Many of these stresses were evident in 3Q, which came in below our est. We also expect little upside in 06 from restructuring plans being formulated. We see fair value for Ford shares at around $6.
[/ QUOTE ]
[Note: U/C = Underperform/Cautious]