Keep Your Town Car, Trade In Ford Stock

NEW YORK ( TheStreet) -- I learned how to drive in 1960 in a stick shift Nash Rambler. That's the car that beat the Cadillac in the song 'Beep Beep' by the Playmates in 1959. I was t-boned in this car two years later.

My second car was a 1962 Ford Fairlane, which I used at Georgia Tech in 1963 through 1966. In 1967 when driving this car I was rear-ended on Montauk Highway on New York's Long Island by a car owned by a Dodge dealership. The whiplash put my eyeglasses on the rear window ledge. The good news is that the Dodge dealer gave me a price I couldn't refuse on the showroom 1967 Dodge Dart GT. This was a great machine that I traded in for a family car after my wife gave birth to our first son in 1971.

During the 1970s our family cars were dull models from General Motors ( GM). During the years of the implementation of the catalytic converter I hated GM cars because they were frequently back in the shop for repairs. Once when we were driving north on the Florida Turnpike in 1977 after visiting my mother our Buick died. This proved to be an opportunity to take my wife and two sons to Disney while the car was being repaired. This was my last GM automobile.

I have been a Ford Motor ( F) man ever since. Once we had four drivers in the family we had to have four cars. My oldest son had a 1989 Ford Mustang convertible, my station car was a Ford Explorer, and the family car was a Lincoln Continental. My younger son's first car was the 1995 Ford Mustang Cobra, which was a beast. The Cobra had a stick shift and thanks to learning how to drive that 'Beep Beep' in 1960 getting home from the Ford dealer and teaching my son how to drive a stick was challenging, but not a major issue.

In 1986, while vacationing in Vermont, our Bill Blass version of the Lincoln Continental died. Instead of waiting for a potential repair the local dealer had a Town Car, which I bought on trade-in.

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.