Antizyklische Chance bei Ford

    Geile Zahlen! Erwartet worden war meines Wissens ein Verlust von 76cts. je Aktie, jetzt sind es nur 15.


    FORD REPORTS PRELIMINARY FIRST QUARTER 2007 FINANCIAL RESULTS*



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    Revenue of $43 billion.
    Net loss of 15 cents per share, or $282 million, for the first quarter of 2007.
    Loss of 9 cents per share, or $171 million, from continuing operations excluding special items.**
    Record profits at Premier Automotive Group, with improvements in all brands.
    Ford Europe, Ford South America and Mazda all profitable.
    Ford Motor Credit pre-tax profit of $294 million.
    Automotive gross cash at March 31, 2007 was $35.2 billion, including cash and cash equivalents, net marketable securities, loaned securities and short-term Voluntary Employee Benefits Association (VEBA) assets.***



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    DEARBORN, Mich., April 26, 2007 Ford Motor Company [NYSE: F] today reported a net loss of 15 cents per share, or $282 million, for the first quarter of 2007. This compares with a net loss of 76 cents per share, or $1.4 billion, in the first quarter of 2006.


    Fords first-quarter loss from continuing operations, excluding special items, was 9 cents per share, or $171 million, compared with a profit of 12 cents per share, or $223 million, in the same period a year ago.**



    Special items, which primarily reflected the impact of restructuring efforts, reduced pre-tax results by $113 million, or 6 cents per share, in the first quarter.



    Fords first-quarter revenue was $43 billion, up from $40.8 billion a year ago. The increase primarily reflected mix improvement and favorable currency exchange, partially offset by lower volume.



    "We are making progress on executing the four priorities of our plan restructuring the company, accelerating product development, funding our plan and working effectively as one team," said President and Chief Executive Officer Alan Mulally. "I am pleased that the basics of our business are improving, but we still have a lot of work to do.



    "Our first quarter results came in somewhat stronger than expected, but there are many uncertainties going forward. We remain focused on improving our quality, productivity and business performance," Mulally added.



    First-quarter highlights included:



    Strong performance of new U.S. products including Ford Edge, Lincoln MKX, Ford F-Series Super Duty, Ford Escape and Mercury Mariner.
    Successful public introduction of the all-new Ford Mondeo and redesigned Ford C-MAX at the Geneva Motor Show.
    Record Premier Automotive Group profits.
    Ford Europe pre-tax profits of $219 million, an increase of $154 million compared with a year ago.
    Cost savings of $500 million, $400 million of which was associated with North America bringing total cumulative cost savings to $1.9 billion toward the 2008 target of reducing annual operating costs by $5 billion compared with 2005.
    Reduction of 18,000 personnel positions in North America.
    Sale of one Automotive Components Holdings (ACH) business during the quarter and agreement in principle reached to sell two other ACH businesses bringing to four the total number of ACH businesses currently subject to agreements in principle for sale.
    Agreement to sell Automobile Protection Corporation (APCO) finalized in April.
    Agreement to sell Aston Martin.
    Continued improvement in quality.
    The following discussion of the results of our Automotive sector and Automotive segments/business units is on a basis that excludes special items. See table following Safe Harbor/Risk Factors for the nature and amount of these special items and any necessary reconciliations to GAAP.


    AUTOMOTIVE SECTOR


    On a pre-tax basis, worldwide Automotive sector losses in the first quarter were $225 million. This compares with a pre-tax loss of $203 million during the same period a year ago. The 2007 losses were more than explained by net interest expense, partially offset by automotive operating profits of $116 million during the quarter.


    Worldwide Automotive revenue for the first quarter was $38.6 billion, up from $37 billion in the same period last year. The increase primarily reflected mix improvement and favorable currency exchange, partially offset by lower volume. Vehicle wholesales in the first quarter were 1,650,000, down from 1,756,000 a year ago.


    Automotive gross cash, which includes cash and cash equivalents, net marketable securities, loaned securities and short-term VEBA assets, was $35.2 billion at March 31, 2007, up from $33.9 billion at the end of the fourth quarter.


    Ford North America: In the first quarter, Fords North America Automotive operations reported a pre-tax loss of $614 million, compared with a pre-tax loss of $442 million a year ago. The increase in losses primarily reflected unfavorable volume and mix, partially offset by cost reductions. Revenue was $18.2 billion, down from $19.8 billion for the same period a year ago.


    Ford South America: Fords South America Automotive operations reported a first-quarter pre-tax profit of $113 million, compared with a pre-tax profit of $137 million a year ago. The decline primarily reflected the non-recurrence of hedging gains. First quarter revenue improved to $1.3 billion from $1.2 billion in 2006.


    Ford Europe: Ford Europes first-quarter pre-tax profit was $219 million compared with a pre-tax profit of $65 million during the same period in 2006. The improvement was more than explained by favorable volume and mix, partially offset by higher incentive spending. During the first quarter of 2007, Ford Europes revenue was $8.6 billion, compared with $6.8 billion during the first quarter of 2006.




    Premier Automotive Group (PAG): PAG reported a record pre-tax profit of $402 million for the first quarter, compared with a pre-tax profit of $152 million for the same period in 2006. The improvement is more than explained by favorable volume and mix, favorable net pricing and lower costs, partially offset by adverse currency exchange. First-quarter 2007 revenue was $8.4 billion, compared with $7.1 billion a year ago.


    Ford Asia Pacific and Africa: For the first quarter, Ford Asia Pacific and Africa reported a pre-tax loss of $26 million, compared with a pre-tax profit of $2 million a year ago. Adverse currency exchange and unfavorable volume and mix were partially offset by favorable cost performance. Revenue was $1.8 billion for the first quarter of 2007, compared with $1.7 billion in 2006.


    Mazda: For the first quarter, Ford earned $22 million from its investment in Mazda and associated operations, compared with $45 million during the same period a year ago. The decline is largely explained by the non-recurrence of gains on an investment in Mazda convertible bonds.


    Other Automotive: First-quarter results included a pre-tax loss of $341 million, compared with a loss of $162 million a year ago. The year-over-year decline is largely explained by higher interest expense and related costs associated with the debt increase in the fourth quarter of 2006. This was partially offset by increased interest income on a larger cash portfolio.


    FINANCIAL SERVICES SECTOR


    For the first quarter, Financial Services sector earned a pre-tax profit of $294 million, compared with a pre-tax profit of $375 million a year ago.


    Ford Motor Credit Company: Ford Motor Credit reported net income of $193 million in the first quarter of 2007, down $55 million from earnings of $248 million a year earlier. On a pre-tax basis from continuing operations, Ford Motor Credit earned $294 million in the first quarter, compared with $382 million in the previous year. The decrease in earnings was more than explained by higher borrowing costs and higher depreciation expense for leased vehicles. The non-recurrence of losses related to market valuation adjustments from non-designated derivatives was a partial offset.




    FIRST-QUARTER CONFERENCE CALL DETAILS


    Ford Motor Company will release preliminary first quarter 2007 financial results at 7 a.m. EDT on Thursday, April 26. The following briefings will be held after the announcement:


    At 9 a.m. EDT, Alan Mulally, president and chief executive officer, and Don Leclair, executive vice president and chief financial officer, will host a conference call for news media and the investment community to discuss the preliminary first quarter results.


    Following the earnings call, at 11 a.m. EDT, Ford Senior Vice President and Controller Peter Daniel, Ford Vice President and Treasurer Neil Schloss, and Ford Motor Credit Company Vice Chairman and CFO K.R. Kent will host a conference call for the investment community.


    The presentations (listen-only) and supporting materials will be available on the Internet at www.shareholder.ford.com. Representatives of the news media and the investment community participating by teleconference will have the opportunity to ask questions following the presentations.

    "Hey Du, möchtest Du ein A kaufen?" Standard & Poor's (zitiert aus: Marc-Uwe-Kling: Der falsche Kalender - 365 falsch zugeordnete Zitate)

    Ich habe die Links jetzt nicht parat, aber ich habe gestern eine Meldung gelesen, nachdem sich der CEO von Ford so geäußert hätte, dass die Neuwagenverkäufe in April in der ganzen Branchen eine ziemlich negative Überraschung wären. Offizielle Zahlen gibt es heute.


    http://www.financialsense.com/Market/barbera/2007/0424.html macht einen Case auf, dass die Autoverkäufe mit einer 9-Monatsverzögerung von dem Immobilienmarkt abhängen.


    Die Zeichen werden langsam deutlicher, dass die USA in eine Rezession oder Stagflation abgleiten. Auch wenn man die Fähigkeit der Amerikaner nicht unterschätzen sollte, in ausweglosen Situationen doch noch einen Ausweg zu finden, spätestens im Herbst werden ein paar böse Überraschungen kommen. Hoffnung für die USA besteht höchstens durch die gute Konjunktur in Europa und Asien. Wenn ich amerikanische Aktien kaufen würde, dann eher Antizykliker oder exportorientierte Werte.


    Für die amerikanischen Autowerte würde ich noch warten, bis die Krise sich in voller Blüte entwickelt hat, dann gibt es vielleicht die Möglichkeit zum antizyklischen Einstieg. Ansonsten würde ich von den USA im allgemeinen zur Zeit die Finger lassen, fallendes Wachstum mit gleichzeitigen Rekordständen bei den Indizes gefällt mir als Kombination gar nicht, auch wenn der Nexus zwischen Wirtschaft und Aktienmarkt zur Zeit nicht zu funktionieren scheint.

    „Das große Karthago führte drei Kriege. Nach dem ersten war es noch mächtig. Nach dem zweiten war es noch bewohnbar. Nach dem dritten war es nicht mehr aufzufinden.“

    Einmal editiert, zuletzt von nixda ()

    Zitat

    Original von otto
    Name Ford Motor Co.
    WKN 502391
    Cashflow/Aktie 11,77 ¤
    Buchwert/Aktie 6,75 ¤


    Hallo otto,


    woher hast du diese Zahlen? *bloedfrag*



    MfG
    Zek

    3.) Gib nie mehr für einen Erwerb aus, als absolut nötig
    16.) Geschäft ist Geschäft (... bis sich ein besseres anbietet)
    218.) Kauf nie ohne zu wissen, was Du kaufst

    WirtschaftsWoche - Unternehmen
    US-Autoabsatz von Ford bricht ein
    Dienstag 1. Mai 2007, 19:17 Uhr


    Flaute bei Ford und Porsche, während bei Toyota und Audi das Geschäft brummt: Die aktuellen Zulassungszahlen vom US-Automarkt im April 2007.


    HB DETROIT. Der Absatz des US-Autobauers Ford in den Vereinigten Staaten ist im April um 13 Prozent eingebrochen. Wie der Konzern am Dienstag in Detroit mitteilte, verkaufte Ford im vergangenen Monat 228 623 Fahrzeuge nach 262 722 vor einem Jahr. Ford begründete den schlechteren Verkauf unter anderem mit der Schwäche am US-Immobilienmarkt.

    http://de.biz.yahoo.com/01052007/318/us-autoabsatz-ford.html

    abgesehen von den grusligen Zahlen:


    Ford baut wieder Autos auf hohem Niveau:


    S-Max: verkauft sich blendend


    Neuer Mondeo: angeblich sehr viele Blindbestellungen (kommt im Juni), kanns meiner Meinung nach ohne weiteres mit BMW 3 und Mercedes C aufnehmen, wobei >10.000¤ günstiger.


    Neuer C-Max: kann ich nicht viel sagen, etwas bieder für mich...


    Das neue Focus Coupet-Cabriolet: Als Coupet 52o l Kofferaumvolumen, macht ihn in dieser Klasse (als einzigen?) alltagstaugleich, von Pininfarina gezeichnet, gestern in Natura gesehen- schöner als gedacht!


    Fazit: Die neue Modellpalette (in Europa) entwickelt sich ausgezeichnet, natürlich schlägt das Herz in USA, die Gesundung muss vor allem dort gelingen.



    toska

    Hab mir gestern noch einige Ford-Aktien gekauft. Bei dem ganzen Kursdownhill letzte Woche, ist ein bißchen untergegangen, dass Ford einen Quartalsgewinn erzielt hat, auch operativ. Und die Marktkapitalisierung find ich einfach extrem niedrig. Heute schauts ja schon ganz gut aus, mal schauen, was die Zukunft bringt.

    When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact.


    W. B.


    Investment is most intelligent when it is most businesslike.


    B. G.

    Die Aktie steht auf ähnlichem Niveau wie zu Henry Fords Zeiten und die Anleihen rentieren mit beunruhigenden 12%...


    [IMG: https://chart.consors.is-teledata.com/module.chart?LANG=de&COUNTRY=de&ID_NOTATION=10771535&QUALITY=BSD&LOGO=bnp&TYPE_CHART=STAIR&TIME_SPAN=5Y&RESOLUTION=D&INDICATORS_COLOR1=000000&INDICATORS_COLOR2=00FF00&INDICATORS_COLOR3=0000FF&ID_TYPE_SIZE=2&WITH_EARNINGS=0]


    Es dürfen Wetten angenommen werden, wer als erster über die Klinge springt, Ford, GM, oder doch Chrysler?

    Die Anleihen sind da immer ganz gute "Gradmesser"...


    --> Bei Grenke haben sich die Bonds beispielsweise fast gar nicht verändert - obwohl die Aktie abgeschmiert ist... Das ist ein besseres Zeichen als bei Ford oder GM ;-)

    Value investing is at its core the marriage of a contrarian streak and a calculator - Seth Klarman

    Völlig krass wie schnell sich die Kurse ändern können ???


    Zitat

    Original von Herakles
    Die F-Aktie markiert ein neues (ich glaube) 22-Jahres-Tief. Das ging jetzt aber flott.


    [IMG: https://charting.nasdaq.com/ext/charts.dll?2-1-14-0-0-5120-03NA000000F-&SF:4%7C5-WD=484-HT=395-]


    Der Chinese oder der Araber steht sicher schon mit dem Geldkoffer bereit.

    Value investing is at its core the marriage of a contrarian streak and a calculator - Seth Klarman