On Friday, Carter Braxton Worth laid out the bearish case for the auto sector in general and Ford (F) in particular on CNBC's Options Action. Mike Khouw and Dan Nathan followed up with a couple ways express to express Carter's view. If one has been following our work, you know that we have been bullish on Ford stock. Our principal reason for our bullish stance is valuation first and technicals second and sentiment third. As a result, we thought this is a good time to review the investment merits of the Ford Motor Company.