With Ford now back above $10 a share, is the company still a buy? Industrials editor and analyst Brendan Byrnes says absolutely. The stock remains very cheap at less than 7 times forward earnings, and the company had a strong August, with sales rising 13%. With the all-new Fusion due out this fall, and Ford's investment in China on track to help drive growth in the future, this remains a long-term winner despite big problems in Europe. See more in the following video.
Overall, Ford has been performing incredibly well as a company over the past few years -- it's making good vehicles, is consistently profitable, recently reinstated its dividend, and has done a remarkable job paying down its debt. But Ford's stock price has underperformed the market by more than 20% over the past year. Does this create an incredible buying opportunity, or are there hidden risks with the stock that investors need to know about? To answer that, one of our top equity analysts has compiled a premium research report with in-depth analysis on whether Ford is a buy right now, and why. Simply click here to get instant access to this premium report.
The article Now Over $10 a Share, Is Ford a Buy? originally appeared on Fool.com.
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