Ford Motor Company (NYSE:F) is suddenly in an enviable position. The venerable auto maker is now North America’s largest auto company, after mis-steps by rivals GM and Toyota have helped put Ford on top.
What a February Ford had. Ford finished up 43% in sales over the prior year. That was the first time since 1998 that Ford outsold General Motors. The way things have been going for Ford and GM, it likely won’t be the last time either. The best part about February for Ford was that sales rose for every one of the company’s brand.
All that good news is having a profound impact on investors. Shares of Ford Motor Co. closed yesterday at $12.82 a share. That means current share valuation is flirting with the 52 week high. With fundamentals and technical indicators firming up quickly, investors are piling in for a ride on the money train. Times of The Internet
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