By Kathleen Martin In our opinion, there remains significant downside risk in the market. However, the following 5 stocks all appear undervalued on a discounted cash flow basis. Please use my research as a starting point for your own due diligence. Ford Motor Company (F) now trades around $12. The year high is $18.88, the low $9.05. It has rice earnings is 7.22 and the earnings per share is $1.67. It has cash of $20.58 billion and debt of $95.13 billion. 2011 was a good year for Ford its sales were up 11% from the previous year and it re-instated a $0.05 quarterly dividend. Ford has reached a four year deal with the United Auto Workers Union and has pledged $6.2 million in investments in its U.S. auto plants. Ford has made significant inroads in retiring its debt and rebuilding its business, increasing its sales in China by 7% and adding four new plants in China to better serve that market. Still, its debt load is a concern and its performance has to remain positive and meet expectations and guidance numbers in order for it to remain a buy in this market. Apple Computer Inc. (AAPL) trades around $419.00 has…


