Own Ford for $6.95

That’s right you can own a piece of the Ford Motor Company for just $6.95. That is the current price per share of Ford stock after hitting a one-year low of $6.85 today (though nowhere near the $1 mark it hit in the 80’s). There is no secret that the US automakers have been in serious trouble over the past few years; facing stiff competition from import rivals, and now being further kicked by a sluggish US economy and oil prices approaching $100 a barrel.

The stock was hanging pretty steady around $9 just a couple months ago. Analysts even speculated that the future looked good for Ford, as they started to turn things around under new CEO Mulally and striked a favorable agreement with the UAW.
But in the last few days the market has turned bearish, and the home mortgage crisis has analysts speculating that new car sales will hit record lows next year as the American dollar loses value and consumers lose confidence in their spending ability.

So, how loyal of a Blue Oval fan are you? Are you confident Ford is going to survive, and if so are you willing to back it by investing in the company?