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Rant & Rave Blog

Ford Has 1.4 Billion Loss In Q1. However, Burns Less Cash Than Expected. Positive Comments From CEO

Posted by InTheMoneyStocks.com Thursday, April 23, 2009, 08:00PM ET

Read 274 times

Ford Has 1.4 Billion Loss In Q1. However, Burns Less Cash Than Expected. Positive Comments From CEOFord lost $0.60 per share compared with a gain in the same quarter in 2008. However, these results are far better than expected.  In addition, the CEO of Ford Motor Company gave some very positive statements about the company finally turning the corner.  This continues to coincide with the thinking of many that the economy has bottomed. We however, are skeptical consumer spending will turn higher as job losses continue to mount week after week by over 600 thousand.  The problem is, anyone who is slightly concerned about their job, has lost their job or knows they will lose their job will not be spending money.  This number is increasing every week in a huge way.  The unemployment rate will continue to climb and foreclosures will continue to mount.


RealTick graphics used with permission of Townsend Analytics, Ltd. ©1986-2009 Townsend Analytics, Ltd. All Rights Reserved. RealTick is a registered trademark of Townsend Analytics, Ltd.


RealTick graphics used with permission of Townsend Analytics, Ltd. ©1986-2009 Townsend Analytics, Ltd. All Rights Reserved. RealTick is a registered trademark of Townsend Analytics, Ltd.
 

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