Ford Motor Co. (NYSE:F) management is not messing around, desire to eliminate debt and focus on profitability is a priority.
Ford Motor Company (NYSE:F) stock has filled the gap that was left behind on 6/29. It was more than just filled, during Monday shares of Ford closed the day out at 10.43, the following day Ford opened at 10.12 for a .31 point difference. Wednesday NYSE trading seen shares of Ford soar up to 10.52 during normal market hours. Unfortunately, “F” stock shares closed .03 points below Wednesday’s open of 10.10 at 10.08.
Shares of Ford have been taking a hit for a week now, sliding down a slippery slope. The company seems to have taken notice that something needs to occur to turn the tide. If you have not heard, the Ford Motor Company is primarily profit drove. Just ask Ford Europe’s very own John Fleming. The company cannot condone disgruntled share holders, it does not fall in line with management vision.
So, here’s some of the very latest things Ford (NYSE:F) has done to help cease momentum of the downward spiral, and to win some good public relations,
- Ford allocates 3 billion, 800,000 dollars to a UAW retirement trust to help settle debt regarding a health care trust,
- Ford saves 470+ million of yearly interest payments due in part by 3 billion of debt paid in April,
- Ford states intention to resume to resume quarterly dividend payments on its preferred stocks beginning July 15.
Combined with posting regular profits as of late, and decreasing debt and brushing aside nuisance interest payments of owed debt, Ford definitely is looking upbeat compared to other American-based automotive companies. With all hints and indications coming down from the top brass of Ford, this is where they want to be. Now, keeping its stock valuation above 10.00 per share would definitely be an added value.
Shares of Ford stock last closed for a positive 2.02% increase to 10.08 during regular NYSE market hours. NYSE after-hours trading seen a 1.39% increase to 10.22 for a 0.14 point gain.
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