Update Ford Motor Company

dots Posted on March 1, 2006 , filed under Stocks | Print This Post

On February 7th, 2006, I wrote that I like F, Ford Motor Company at under $7.80. F closed at $7.95 today. The company has recently announced that it will build more cars instead of trucks for the second quarter of 2006. I am glad to see that the company is shifting its focus away from trucks and SUV’s. Fuel prices are still high enough to persuade cost conscious consumers to look at energy efficient alternatives. I consider the production shift at Ford, a long term beneficial strategy for the company. If F drops below my target purchase price of $7.80, I will likely purchase shares of the stock.

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