Published Wed, 11 Jan 2017 07:48:27 -0500 on Seeking Alpha
By Parke Shall
Ford (NYSE: F) CEO Mark Fields presented yesterday evening at the Deutsche Bank Auto Conferece. Inline with his presentation, the company announced a special dividend of five cents per share and it gave outlook for 2017, a year that the company expects to fall short of 2016, mostly due to spending and investment. What the company is less reluctant to say that we have commented over the last year is that 2016 is simply going to be a very hard year to outdo, as numbers posted over the course of the last 12 months have been relatively astronomical and Ford has pulled all levers possible to catalyze sales for the year.
Reading the comments on Seeking Alpha and social media, we were surprised to see so many people outraged about the company's forecast for next year and the size of its special dividend. We wanted to comment on those two things, along with what Mr. Fields presented on yesterday, in today's article.
Mr. Fields' speech yesterday had a lot of positive vision for the future of the company. We have always liked Mark Fields and we were happy with almost all that he had to say yesterday. We pulled some highlights of yesterday's presentation to give readers a Cliff Notes version of what they may have missed. During their speech yesterday, Ford executives made a couple of noteworthy comments,
...building on what we said back in our Investor Day, back in September, we want to equip you with the evidence that Ford is a solid investment... Read more