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Ford Motor Company (F), a leading automaker selling cars and trucks worldwide, has revealed its fourth quarter performance to investors. Net income of the company increased to $13.6 billion, translating to $3.40 per share, as against $190 million, or 5 cents per share, during the same quarter a year ago. Although the yearly revenue only rose by 6%, equaling to $34 billion and the stock missed some estimates, this definitely marks a meaningful increase in its previous year performance.

According to Alan Mulally, President and CEO of Ford, management has delivered strong results for the entire year and has continued to serve its customers across the globe with high-class vehicles and attain progress with its mid-term goals and objectives.

Ford is currently trading slightly below $13. The acid test should occur at $15, when the stock would either form a mid-term uptrend, targeting the 10-year high $18.65, or drop back, forming a head-and-shoulders technical pattern.

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With its current price trading at 6 times its earnings, and heavy discount to a fair valuation of the company, Ford Motor Company (F) appears to be utterly oversold. The market share of the company dipped at 23 percent in 2000 until it bottomed in 2008 with a market share of 14 percent. The company then divested its non-core units and since then increased its market share to 16 percent in 2011.
Ford Motors Vice President for Marketing and Sales Ken Czubay said that the company’s latest line of efficient cars is continually fortifying its market and gaining a stable foothold in the market. The main contributor to the market share was the company’s trucks division.
Ford stock hit a 20-year low in 2008, recording $1.43. Since then, the company has recovered and reached and eight-year high of $18.45 in January 2011. The current price of $10.32 is very close to a support level of $10.
Trade well,
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