Still Time to Buy Ford? (NYSE:F)

Ford Motor Company (NYSE:F) has had an incredible run since the March lows, making a rise from $1.70 to current trading levels of $11.70ish (+588%).  Many of you think you may have missed the boat not picking up shares at or near the low.  However, Ford seems to have really picked up the pieces and could continue its strong uptrend.  Sure, you may not get the same 588% return, but it is still reasonable for the stock to outpace the broad market.

Jim Van Meerten explains to us that Ford seems to have a good solid plan to take advantage of the recovery and also seems to be at the center of the "Buy American" ideas that appear to be sweeping the country. The forecast for survival is better than the prospects for GM or Chrysler, for those who wonder if the company will be around to honor their warranties. Ford is producing products that the American public likes. It has the auto market covered with four major divisions: auto manufacturing, automotive systems, auto financing and truck and auto leasing through its Hertz division.

The stock has had price appreciation in 12 of the last 20 trading sessions and is 4 for the last 5. The price appreciation in the last 65 days of 76.06% gives me butterflies. The stock has a buy signal on 12 of the 13 technical indicators on Barchart for an overall buy rating of 96%.

There are 15 Wall Street analysts following the company and although they aren't predicting sky rocket sales, they are looking for a 15% per year EPS growth for the next 5 years. Short interest is falling from a high last year at 292 million to around 140 million at year end.

Other sites like the stock too. Wall Street Survivor readers give the stock a 5/5 Survivor Sentiment and over on Motley Fool the CAPS members vote 5536 to 2496 that the stock will outperform the market. The All Stars are more positive with a vote of 1313 to 387.

Read more of Jim’s article here.

Disclosure: No positions in Ford.