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TheStreet Open House

Keep Your Town Car, Trade In Ford Stock

Stocks in this article: FGM

After my son wrecked the Cobra, I bought a 1997 Ford Taurus, a 1997 Continental and a 1997 Ford Thunderbird, the last of the big version. My son sold the restored Cobra in Florida in 2007. This was the period when I worked for William R. Hough in St Petersburg, Florida. The Continental was my wife's car and the one we drove to and from Long Island and Florida. The Thunderbird was my car used locally in Florida.

In 1999 my wife and I moved to New York City with the Continental, leaving the Thunderbird at St. Pete Beach, where we owned a condo unit. We frequently traveled back and forth between our two homes and in 2004 decided to trade in the Continental and Thunderbird for a 2004 Town Car that I still drive today. This car has 114,000 miles on it and I will not trade it in. It still runs great and I do not know of any vehicle that has a more comfortable ride between New York and Florida.

My wife and I became full-time Floridians in late 2008, and we make two or three trips north each year to visit family and business associates in New Jersey and New York. We now have a granddaughter and grandson in New Jersey and are depending on our 2004 Town Car to make many more trips.

A year ago or so Ford decided to suspend production of the Town Car. I wish Ford would reconsider this decision. While up north I frequently use livery transportation via Town Cars between where we stay in New Jersey and New York, and almost all drivers agree with this plea.

Ford, please bring back the Town Car. Investors, book profits on Ford stock!

Ford Motor set a new multi-year high at $17.67 on July 24. Back in January 2011 Ford traded as high as $18.97 before tumbling to as low as $8.82 on Aug. 2, 2012. The stock has a sell rating and is 41.2% overvalued after gaining 87.7% over the last 12 months. My quarterly value level is $10.52 with a weekly pivot at $16.80 and semiannual risky level at $19.46.



At the time of publication the author had no position in any of the stocks mentioned.

This article was written by an independent contributor, separate from TheStreet's regular news coverage.

Richard Suttmeier has an engineering degree from Georgia Tech and a master of science from Brooklyn Poly. He began his career in the financial services industry in 1972 trading U.S. Treasury securities in the primary dealer community. In 1981 he formed the Government Bond Department at LF Rothschild and helped establish that firm as a primary dealer in 1986. Richard began writing market research in 1984 and held positions as market strategist at firms such as Smith Barney, William R Hough, Joseph Stevens, and Rightside Advisors. He joined www.ValuEngine.com in 2008 producing newsletters covering the U.S. capital markets, and a universe of more than 7,000 stocks. Richard employs a "buy and trade" investment strategy and can be reached at RSuttmeier@Gmail.com.
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