When General Motors announced its layoffs in 2018 and 2019, its stock price spiked. Do you believe the same will happen, or not?
9 replies (most recent on top)
Any thought on Ford going private?
No because Wall Street will never be satisified with the layoff count, whenever a number is given, they demand more cuts and will penalize Ford unless their expectations are met (until the company literary has no employees to cut). Also who in their right minds thinks now is a good time to buy with the ongoing trade war, falling auto sales cycle, and recall count?
It moved down again today with Trump Mexico c-ap. I don't understand why anyone would hold Ford stock for the past 10 years. Dividend is ok but you might have lost a good chunk of your contribution and/or missed out on the great gains in other market sectors over the years.
Great question, I think most of us are in a "hold" pattern until the stock moves up or down. Glad I diversified many-many years ago, remember the saying: "Never put your eggs in one basket".
I "believe" what she is questioning has to do with the additional planned cuts (7k & 23k = 30k) which Wall Street is recommending.
What do you mean "do you believe", it has happened already. No, wall street doesnt give a sheet about ford's plan, it doesn't go far enough and viewed as a slight negative overall.
What is the consensus; Buy, Sell, or Hold?
I know several who lost everything holding GM stock!
There has been a declining trend for GM stock. You see an increase only some major announcement is made. But generally ovrr the course of the year, it's bearish. GM is a goner
Nope - the analysts are not comfortable with the Ford plan!