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Strategies & Market Trends : Sharck Soup

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To: Sharck who wrote (27098)	6/11/2001 10:25:38 PM
From: DlphcOracl	Read Replies (1) of 37746

Sharck: Here's one more pick. This one is not nearly as hidden or obscure as CANI, but sometime during the next 3-5 months, it will drop down to a compelling "buy" level. Ford (F) will (IMHO) turn out to be the 2001 equivalent of Phillip Morris (MO). It is in a downslide which is only going to get worse because of: (1) pending lawsuits over the Ford Voyager/Firestone tire fiasco; (2) imploding sales of its SUV's due to safety concerns and a turn away from gas-guzzlers as the energy crisis worsens; (3) overall decline in car sales as the U.S. consumer retrenches. Having said that, it pays a 5% dividend which is secure and is not a company that is going to disappear overnight. In fact, it is still the best-managed of the major auto companies. Look to buy Ford at $22 or under -- at that level, I think it will gain at least 50% in 12 months or by the end of 2002 for patient investors. While this has little sex-appeal for a board which thrives on active trading, there is nothing wrong with putting away a few LT "sure things". Remember, MO has gained 150% from its lows in March 2000; how many tech or internet stocks have done that? DlphcOracl

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