In my view, shares of Ford would probably become more attractive if it got down to say 22, 23 a share. Although, I would argue that as long as these investigations are continuing, they'll probably serve to put a lid on the stock price performance. Other stocks in the auto sector we are more positive on include General Motors ( GM Research , Estimates ). Also at GM, you've got a change in management -- you've got a significant outside shareholder developing in Carl Icahn, owning 30 percent in GM. There's just a lot of value to be realized in the group.
More Quotes from David Garrity:
It all boils down to when is this company going to show us better profit margins and cash flow margins Investors are waiting patiently.David Garrity
There are cases where the execution could be admittedly flawed. But, for a company as large as Ford, this is not to say that they won't eventually succeed.
David Garrity
Financially, their product line is reasonably successful. There would be no kind of distress sale as there was with Nissan and Renault. Honda can pick something in their own time and place.
David Garrity
They are certainly demonstrating a hyper-sensitivity to what information they do disclose.
David Garrity
Shares of companies like Apple and Motorola may have gotten ahead of themselves. But companies further down the supply chain are reasonably priced.
David Garrity
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