F PUT TRADE BULLISH 01/19/24 $15.00 $206.0K 12.3K 1.0K
These days it seems like we have more gamblers and traders than investors. MUL thinks F is a good buy at this point. Jerry, here is essence of your post somewhat hidden by the opening line as MUL sees things.
It's a mouthful, but essentially, Ford's guidance for 2021 operating profit is now $9.6 billion to $10.6 billion. That's $900 million less than the old range of $10.5 billion to $11.5 billion. While it seems like a guidance cut at first glance, Ford effectively just moved the $900 million around.
That's one explanation for the Wednesday stock drop. Ford also noted special items for debt retirement, tax accounting, and pension accounting. The net of all the other charges is a gain of roughly $5.4 billion. Another big number, but nothing that has much to do with the company's long-term value, cash balances, or ongoing business operations.