When all the naysayers will see that things are not as bad as they make them seem.
17 replies (most recent on top)
Bump. Where is this OP? I'd love to hear his take on all of this!
"We're about to beat $0.43 ESP easily."
Its employees like this that cause Ford to suck. What in the heck were you thinking?!?
@OP. "Thursday is the moment of truth"
Yes, it was. Ford stock went down because FMC didn't deliver the expected results. BF and JF should tell Wall Street about DEI, vaccination layoffs and how woke we are. Maybe that will bring the stock value up.
Peanut butter and jelly are the gold jewels of the future. For sure management material.
As stated, the tech companies have already figured out how to collect massive amounts of data and sell it to parties interested. Ford is late to the party. Again.
Ford sells vehicles. They dabble in other revenue streams that rarely, if ever, gain traction.
Don't understand this post? Are they congratulating that fact Ford has one of the better finance & accounting departments and can generate money out of thin air, just like the Feds? Yes, I'm sure out yearly profits will be great!
However, it's all in the details - according to some people's logic here, we all should be getting massive bonuses this year - but the majority us will not, as the reason is that type of accounting lives in the real world. A real world in which we sold more product than 2020 for more money, but still no where near what we had in 2019 or prior years. Between last year, this year, and likely the next, or let's say 5 to 10 plus years, the entire US auto market will struggle to sell 16 million units. Because not just chips, but the speeding up on conversion from ICE to BEV. Factor in the fact that Ford's market share can seem to crack 13% no matter what we do, and anyone can see that it means more downsizing, more layoffs, less pay, less bonus for the 99% of us.
No, there will be nothing to celebrate except another year of perhaps avoiding bankruptcy or a sale. I had hoped of riding it out until 28 years and retiring like my Dad did...however, I don't see that as being realistic anymore. Going to have to retire earlier than I want to in order to survive.
@bxm+1f5iVs1D for the sake of the employees here I hope you are right? Otherwise, we are done.
I have my reservations on this DATA mining. We still need to sell product in order to sell data. Two of the previous posters hit the nail dead center. Product is King. I see all the hype pf Mach E and F150 BEV but how much do we make on each unit? Minus the government subsidy?
@bxm
What data is being sold and who is buying it? I've been asking this question for years and nobody can tell me.
@bxm+1f5iVs1D With that post, you must be management material at Ford. Right? I mean, your lack of logic and knowledge is disturbing.
Selling data? To whom? Most of the personal data, including location, is already registered in Google, Apple, Meta-Facebook, VISA, MasterCard, etc. The data not yet registered is about the car, which most of it is useful to Ford itself.
Then we have the question of the numbers. Ford's market share in the US has been going down steadily (now it is like 12.6%) for years. We sold 2 millions cars last year, with a retention of around 55%. Based on those numbers and with a media of 5 years for changing cars, that would mean we have around 10 million customers, with 5.5 million as repeated buyers.
Seriously? We are going to provide "20 to 30 thousands parts assembled" vehicles at cost (or loss with the warranty costs), just to sell the data of 10 million people? Since FMC used to have a profit of 30-40 billion USD annually, and we are selling at cost, that would mean each customer's data should be worth 3-4 K.
I hope you understand the impossibility of the dream. Maybe Ford can eventually make some money with the data (I highly doubt it), but the profits should come from the sales of vehicles, more than just the F-150 lineup. Therefore, it is imperative that Ford produces good looking and high quality vehicles. Going to EVs means less parts, but it doesn't solve the quality issues in this company. Bad quality means bad reputation, meaning less buyers, which is BAD for the company.
This is what other Ford employees see as well. That's why they are concerned, like me, for the future of the company. We are throwing money in the wrong direction. Upper management seems oblivious to these concerns, and we are losing good people. The more we row in the wrong direction, the more will be have to row back, and more the damage to the company.
Post ID: @qnm+1f5iVs1D
Re: profits from profitable SUVs/trucks....The goal is to not make money in that manner anymore. The big $$$ is in collecting and selling data. These 'vehicles' we build is just the mechanism to deliver and gather said data (just like bread is the mechanism to deliver you peanut butter and jelly). Doesn't matter if we profit on the sale of the vehicle, ICE or BEV. If we do, great, if we don't, so what. The gold and jewels are the data.
Wait until the Rivian investment we booked at $93 billion in Q4 has to be written down to $60 billion in Q1
Well funny how in the 90's the stock price was based on products that made money. F-Series / The Explorer / Ranger/ Expedition.
I still se 90+% of the company's profits are coming from ICE F-Series.
What kind of ROI do we see for MACH-E or BEV F150? I like to see those numbers and takeout the government subsidy. That will not last forever.
Company was lucky for that Rivian IPO. But I heard they cannot sell for at least 6 months?
Ford will not announce vax dismissals Thursday. The latest date is now Feb 18th. Then they will work with employees individually.
My guess, all that request exemptions will get them. Those that did not will continue to be pushed to file for an exemption. There will be a handful of quietly dismissed employees, and Ford will come out sometime in the spring and say 99.5% of employees were fully vaccinated or granted an exemption. The other .5% were dismissed. This company always speaks in vague percentages!
The real question is what happens to the 88% vaxxed that then start having health problems? The self funded company health insurance will topple taking the company with it.
When Ford also announces thursday how many employees are getting covid 30 day unpaid leave, stock will bo-m. It's a huge cost savings. Why do you think the covid FAQ was updated?
Thursday is the day we get the spin in numbers that the company wants us and investors to believe. The moment of truth will be whether or not investors drink the Kool aid, or whether they see the spin. I expect the stock value to drop when the investors see through it.
Massaged financials with short term goals
We're about to beat $0.43 ESP easily.