BALTIMORE ( Stockpickr) -- In the first part of this series, I looked at an emerging perfect backdrop for shares of auto makers and their parts suppliers. Industry conditions are improving, shares are quite inexpensive, and rising cash flow set the stage for strong dividends and buybacks.
In that first column, we looked at Ford Motor (F) as a good company with an unloved stock. Shares of Ford have fallen more than 35% since early 2011 on concerns that near-tem profit growth will be elusive.
It's true. Ford earned around $1.50 a share in 2011 and will likely do the same in 2012. And analysts see profits rising only 15% in 2013 to around $1.70 to $1.75 a share, in large part because the troubles in Europe may create a profit drag.
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