Friday, March 23, 2018
I Believe This, Even Without Seeing The Numbers
The Ford F-150 Franchise Is Reportedly Worth More Than Ford Itself
1st Gear: The Ford F-150 Franchise Is Worth More Than Ford Itself, Analyst Says
Ford’s recent financial woes have been causing concern among investors, but in his report yesterday, Morgan Stanley analyst Adam Jonas cranked up The Blue Oval’s valuation for the first time in two years, in part, because of the strength of Ford’s mighty but undervalued F-150. Good news for Ford and its much-coveted standing with investors.
The Detroit News quotes the report, writing:
(Jalopnik.com)
1st Gear: The Ford F-150 Franchise Is Worth More Than Ford Itself, Analyst Says
Ford’s recent financial woes have been causing concern among investors, but in his report yesterday, Morgan Stanley analyst Adam Jonas cranked up The Blue Oval’s valuation for the first time in two years, in part, because of the strength of Ford’s mighty but undervalued F-150. Good news for Ford and its much-coveted standing with investors.
“We see Ford as an out-of-favor self-help story with room to surprise the market with cost-savings and profit-repositioning potential,” Jonas wrote. “At its current depressed valuation level, the value of its commercial franchise (F-Series) represents a larger percentage of its firm value than any other OEM under our global coverage.The study itself, which you can read here, quantifies the F-150 franchise’s value, stating:
We [at Morgan Stanley] estimate the F150 franchise to be worth 135% of the market cap of Ford.But of course, the F-150 isn’t the only reason why Jonas raised Ford’s earnings forecast by the largest amount in five years. Part of the move also has to do with CEO Jim Hackett’s restructuring efforts and cost cutting like FoMoCo’s planned $14 billion reduction in materials and engineering expenses, with the news site writing:
But certain moves like potentially restructuring segments of the company and redeploying funds could “halt years of underperformance,” he wrote. Ford has said it will move money around to shift the company’s focus away from car production and make more SUVs.Jonas’s report says that Ford “isn’t out of the woods yet,” and recommends reducing nameplates and leaving “loss-making regions” as potential actions that could crank up the stock price.
(Jalopnik.com)
Thursday, March 22, 2018
Old, Every Time, Next Question
Who'd You Rather? NEW or OLD? 2003 Acura NSX vs. 2017 Acura NSX. WHICH Gets Your Vote?
So, if you had the cash in your pocket right now, WHICH car would be the one for you?
(AutoSpies.com)
So, if you had the cash in your pocket right now, WHICH car would be the one for you?
(AutoSpies.com)
Did You Know - F1 Edition
This Is Why F1 Racers Have a Hard Time Passing Each Other
It's all about airflow.
It's all about airflow.
A modern F1 car relies on undisturbed air both to
create the downforce needed to maintain grip through corners, and keep
its tires, brakes, and engine cool. On the straights, drafting behind
the car in front to divert air away from a car's aerodynamic pieces is
better, because that creates less drag, allowing it to go faster. It's
when you get behind a car in the corners do things start going badly.
Since that air is being diverted away from the car,
it's not creating enough downforce to carry speed through a turn.
Moreover, there's less clean air to cool the brakes, tires, and engine.
That's why drivers have such a hard time passing through high speed
corners, and often leave a few car lengths of space to get a clean
pocket of air.
A Thought To Ponder
The question is, when faced with your
particular challenge — whether it is researching in a new field,
starting a business, producing a film, securing a mentor, advancing an
important cause — do you seek the respite of talk or do you face the
struggle head-on?
Ryan Holiday – Ego Is The Enemy
(CavemanCircus.com)
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