ggillin

Ford Shareholders Face High Potential for Pain

Mr. Marquez, I only agree with a small part of your remarks here.
I agree that buying Ford common is so risky that it is a fool hearty gamble at best.
I disagree strongly with your statement advising investors to buy Ford convertible issues. It would be nothing short of a miracle if any of these issues ever payoff at 100 percent, more likely .05 to .30 cents on the dollar at best and that's only for the most senior backed issues. The realistic truth is that any issues that are going to survive and pay 100 cents on the dollar AND all due interest in arrears are all locked up by the banks and none, not even one, will trickle down to the average investor who reads this column. Only the public 'retail' dept is out there and that is going to get wiped out, or nearly so.
You wrote your article but you did not give any mention as to what issues (coupons/dates) Joe. Q. public should be looking for. Interesting. Joe. Q. public, get smart this time, STAY AWAY, let the big boys eat their own mistakes For(d) once.