Ford’s short-term outlook remains weak

Article Excerpt

FORD MOTOR CO. $4.28 (New York symbol F; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 2.8 billion; Market cap: $12 billion; Price-to-sales ratio: 0.1; WSSF Rating: Speculative) is in better shape than General Motors or Chrysler. The bankruptcy of one or the other would give Ford an opportunity to increase its market share, but it could force some auto-parts suppliers to go out of business. This would make it difficult for Ford to keep operating. The uncertainty surrounding GM and Chrysler has helped Ford’s sales in the past few weeks. As a result, the stock is up over fourfold from its November low of $1.01. Still, it will take several more years before Ford becomes profitable again. Ford is a hold, but only for highly aggressive investors. investors…