With the S&P 500 down 14% (as of market close on August 26) from its May 2 post-financial crisis peak, now is a humbling time for most people who own equities. As battered investors try to parse out which stocks represent a bargain from those that are fool’s gold, one candidate is Ford (F). I originally wrote about Ford’s potential in April 2009 with the shares at $3.25, and wrote again that it still made sense to add to positions in September 2010 when the stock was at $12.44. The shares later reached a peak of $18.97 on January 13, but closed last week back down at $10.40, with a P/E ratio of 6.21. I think this makes the shares a bargain — here’s my reasoning:
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