Ford: Where is the upside?

In my most recent article for Seeking Alpha, I discuss the Lean production system approach adopted by Ford, the future income tax rate and the current valuation levels:

Summary

  • Ford has partially executed a successful turnaround based on lean production principles.

  • The operating business has improved a lot and the current shareholder has an increased margin of safety.

  • However, the current valuations do not indicate much upside in the most likely scenario.

You can read the whole article in Seeking alpha.

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