I've been touting Ford Motor Company for some time. In a recent hub, "Ford Motor Company: An American Gem," I even made the assertion that Ford Motor Company can easily snatch up the spot as the reigning #1 U.S. automaker if it keeps on the path it is currently on. I firmly believe that.
Right now, even as the stock is up substantially from even just a year ago, it's a buy, and I would be taking advantage of any dips this stock allows to add to your position—or start a new one. Even at it's Monday price of around $11.80 per share, I think this stock could easily double in the next 12-18 months.
The fact is that Ford is making great cars. They are making better cars. And they are making cars the American buying public wants. Without question, the company is certainly on the road to profitability, and being the only profitable American automaker is not only telling of their prowess, but advantageous as well. And now they've just snatched up two coveted North American Car and Truck awards at the Detroit Auto Show with the Ford Fusion being named Hybrid of the Year, and the Ford Transit Connect being named Truck of the Year.
This is no small feat, considering that in the 17-year history of the awards, only three times before has one automaker taken home both awards.
Ford is making great strides as a company, and I think they will continue to do so.
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