1 Stock I Wouldn’t Touch With a 10-Foot Pole
From Nasdaq:
Ford Motor Company, a leading car manufacturer, sold 4.4 million vehicles in 2023. Despite a history of over 100 years, the stock has disappointed with only a 37% increase in the last decade, including dividends.
Ford’s automotive revenue of $43.2 billion and EPS of $0.29 in Q4 2023 beat expectations. The company plans to cut costs by $2 billion and issued a special $0.18 dividend. However, Ford faces challenges in its EV segment, with a $4.7 billion operating loss last year.
Ford’s low valuation, with a P/E ratio of 11.9, may seem attractive, but the company’s heavy capital-intensive model and sensitivity to macroeconomic factors make it a risky investment. Analysts recommend looking at other stocks with high growth potential instead of Ford.
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