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So the truck industry right now is on fire. It’s en fuego, raging, running full steam. But does that mean you missed the chance to play it?
Absolutely not.
Cramer on Friday offered up a new speculative way to invest in this sector: Accuride . It’s one of the largest and most diversified manufacturers of parts for commercial vehicles—think trucks and trailers—in North America.
Of course, now you’re asking yourself why no one else is buying this stock if it’s as good as Cramer says. That’s because Accuride just listed on the New York Stock Exchange a few weeks ago, Dec. 22.
The company exited bankruptcy in February and looks ready to capitalize on the increased demand for all things truck and trailer. So much so that Cramer likened it to Lear , another autos-related name he recommended after it had cleaned up its balance sheet in November 2009. A little more than a year later and that stock’s up 66 percent to $106 from about $64. The “Mad Money” host predicts similar good fortune for Accuride and its investors.
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