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Old 10-09-2019, 07:38 PM   #3
jpd80
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Default Re: Ford cut to junk by Moody's on doubts over plan to boost profit

Quote:
Originally Posted by ryeman View Post
Moodys........hmmm
They were the ones that gave AAA investment grade ratings to the no-doc loan package securities being flogged (by their employer) which caused the GFC.


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Exactly, they can't see what's ahead so their calls are lagging indicator.

Right now, Ford stock is aound $9 and everything says sell sell sell
but canny traders will be watching and buying up as it goes lower
waiting for the turnaround next year or so.

The lower rating is exactly because Ford is diverting profit into restructuring
and new products, so rather than being stupid and wasteful, Ford is doing
things to move it business in the right direction, especially Europe and USA.
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