This is craziness.
I get that the entire market is sliding. There are concerns about Greece's economy and the riots associated with the country's forced cutbacks to address that.
Ford (F) posted over $2 BILLION dollars of profit. They increased their year-to-year sales this past month over 30%. They have a fuel-efficient car that's ready for today's market. They haven't lost their Mustang. They still have their leader, who has shown great direction for the company and seems to be an expert at getting his own people to follow him in that direction.
So why has the stock dropped ridiculously during the past few days?
Why is this American-based auto maker affected so wildly by what is happening in Europe. Yes, Ford has a huge presence in Europe, but not everyone from Europe lives in Greece, Portugal, or Spain.
For a bit this morning, the stock price dropped to under $11/share. Since $20/share within the next year or two would not surprise anyone, why are people not buying as much of this as possible?
If I had cash sitting on the sidelines, I'd be all in here.
What's wrong with Ford?
To me, nothing is wrong with Ford--only people's reaction to them right now.
Capitalize on it if you can!
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