Sir Charles, PPS Rise to dividend deadline...............
Simplicity and Clarity should be our theme......
Value Line gives Ford a $13 to $19 price target 3-5 years out. With a P/E of under 6 and a dividend yield of nearly 7% it is attractive on a value basis. Price/Book Value is less than 1.0 right now. BETA is 1.2, so we should see enough range beyond the stock market moves to at least make the lower end of the VL forecast.
I think owning a core position for the dividend and trading around that core for additional profit makes sense. We already know the price/share is not steady state, so we might as well improve total return with occasional opportunistic trades around the core position.
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