Ford - quite a rebound

Ford to show biggest annual profit in a decade

Excerpt:

On Friday, Ford is expected to report an annual profit of about $8 billion, before a previously announced onetime charge of $960 million. That charge stems from the elimination of about $1.9 billion in debt in November and is viewed as a positive move by investors and analysts.

Ford has already earned $6.4 billion through September. For the final three months of the year, analysts surveyed by Thomson One Analytics, on average, expect Ford to earn 48 cents per share, or $1.7 billion before onetime charges.

Rebecca Lindland, director of strategic review for IHS Global Insight, said Ford's profits are remarkable, especially for a company that lost $30 billion from 2006 to 2008.

"It shows what a company that is well-managed and has been able to really reinvent itself can do," Lindland said.

Comment: We've got some shares that we bought for under $ 7. Now trading at nearly $ 18. It would be great to see Ford "pop" and be able to take some gains. I expect to hold on Ford for all of 2011