Changes at the Top in Ford

I’ve been pleased with Ford‘s ($F) performance this year. I continue to believe this is an underpriced stock.

Today, two key members of the company’s management team announced their retirements. The CFO, Lewis Booth, and global product chief, Derrick M. Kuzak, will leave their positions on April 1st. The best news for investors is that Alan Mulally said he has no plans to leave anytime soon. Mulally has been critical to Ford’s turnaround.

Last month, Ford had a fairly mediocre earnings report. I expect that the next earnings report in late April will be much better. Ford’s stock is currently up 18% on the year for us.

Posted by on February 9th, 2012 at 10:40 am


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.