Ford Motor Company (F)

[BullsEye]

(F)1 Stock to Buy in December> The Motley Fool> Ford has continued to be operationally excellent. It's continued its initiatives to streamline. Its labor situation is better, with a new four-year agreement with the UAW. It's gaining market share by focusing on providing cars consumers actually want (e.g., smaller, more fuel-efficient cars in a rising-energy-price world, a partnership with upstart Zipcar (Nasdaq: ZIP ) , and reliability that's finally competing with Honda and Toyota). It's paying down its debt, earning credit upgrades. And it's delivered nine straight quarters of positive pre-tax operating profits.

The bottom line
In five short years, Alan Mulally has effected an amazing turnaround at Ford, pumping out profits during a rough economy. Yet Ford is currently at $10.60 a share, just 6.4 times its trailing earnings. It's a buy today, and an even better one if shares slip below $10.