Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: mishedlo who wrote (22164)	1/25/2005 4:59:41 PM
From: microhoogle!	Read Replies (1) of 116555

Well looks like you were right about channel stuffing by the automakers Something strange is going with the automakers this quarter. The following snippet is from: moneycentral.msn.com Ford warns on quarter -- but not on year Something strange is going with the automakers this quarter. Last week General Motors (GM, news, msgs) said it just sees a profit of "breakeven or better" in the current quarter, which was well below the Reuters Estimates consensus of $1.01 per share. This morning, Ford Motor (F, news, msgs) said it sees a first-quarter profit of 25 to 35 cents per share. But both companies expect to make up the ground by the end of the year. Ford said it sees a 2005 profit of $1.75 to $1.95 per share, in line with the consensus of $1.87 per share. The question is, with the auto industry still heavily reliant on incentives, can these two companies come through with such a strong finish? Investors think so, with Ford shares gaining 1.38%. GM was up a modest eight cents.

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