In comments made at a Detroit Economic Club forum, Ford Motor Co. Chairman Bill Ford suggested that the company that bears his name has been too forthcoming over the years with Wall Street, oversharing about highly competitive areas of the business. The key, he stated, is to provide enough clarity at just the right time for investors to make informed decisions. Ford’s assessment comes just as analysts have downgraded the car company’s stock rating following a statement CEO Jim Jackett made to investors about turning the company around.
- Mr. Ford is quoted as saying the company with his name on the building is trying to provide clarity without tipping their hand in key competitive areas
- This new tight-lipped policy is undoubtedly a response to the market’s persistent pessimism of Ford, despite the Blue Oval beating analysts’ earnings expectations every quarter so far this year.
- Investors seem to buy into the narratives they want to hear, and whatever they’re hearing right now about Ford, they don’t seem to like — despite Ford being profitable for ages and having enough resources to walk its own path.
“In a report from Bloomberg, Mr. Ford is quoted as saying the company with his name on the building is trying to provide clarity without tipping their hand in key competitive areas.”