Forbes author argues that Ford Stock may be a good buy. That is for us at Hartford Group International to determine the timing of such publicized tips. It just goes to show that there are gems out there, and the experts will know how to pick them.
Investors shrugged at Ford Motor Co.’s (F) plans to add considerable North American manufacturing capacity this summer. The added capacity was necessitated by strong demand for Ford’s new models. Everyone knows the company still has problems elsewhere. Yet long-term investors might want to take note of that bit of good news: it’s another sign suggesting Ford is poised for a comeback, just as its shares are taking on more characteristics of a value investor’s dream.
Barron’s columnist Jack Hough has been particularly impressed with Ford lately. In a piece on Tuesday, he suggested its share price could gain some 50% in two years. And that’s without the payout, a 2.7% dividend yield currently that’s covered well enough to grow.