The stock price plummeted 41% Ford won the U.S. bank’s support

The stock price plummeted 41% Ford won the U.S. bank’s support

According to Bloomberg News, on August 9, 2011, Ford's share price on the New York Stock Exchange fell below US$10. However, Bank of America’s stakeholders pointed out that Ford deserves more support from investors and gives a reasonable share price. 26 dollars.

On the day, Ford's stock price on the New York Stock Exchange was as low as $9.93, reaching a new low since June 29, 2010, a drop of 41%, while the Dow Jones Industrial Average fell by 5.6%. Earnings Before Interest (Taxes, Depreciation and Amortization) guaranteed multiples decreased from the previous 4 to 5 times to 2.6 times August 9.

Bank of America analyst John Murphy gave Ford a firm stance that Ford deserves more loan support from investors. With the economy in Double-dip Recession, Ford’s balance sheet has remained more healthy than in 2008, but the market will not give Ford’s shares higher credit. John Murphy's stock price outlook for Ford is $26. He also said that since Ford’s second-quarter performance is acceptable, Ford’s stock price will improve significantly as the US economic recovery drives the auto industry’s share price to rise.

In the first half of this year, Ford’s net profit was 4.95 billion U.S. dollars, and it repaid 2.6 billion U.S. dollars of debt, resulting in gross cash flow (Gross Cash) of 22 billion U.S. dollars and total debt of 14 billion U.S. dollars.

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