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Tim Seymour Is Thankful For Ford (F)
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Posted on 11/26/09 at 12:43pm by Craig Jones
CNBC's Fast Money Tim Seymour is thankful for Ford Motor Company (NYSE: F). Ford (F) was trading as low as $1.50 this year and now it is near $9. Tim Seymour especially likes the fact that Ford (F) proved that it doesn't need a hand from the government.
Seymour thinks that the company is constantly improving its cash flow and increasing overseas sales. He also likes what it did in terms of cost cutting. But Tim Seymour is concerned with Ford's (F) valuations and technicals. He thinks that the stock is currently near its resistance and he wants to sell and take profits.
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