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Latest | Highest ratedFord: Have You Driven a Convertible Preferred Lately? [View article]
What the author didn't say too is that there are only about 58 million shares outstanding after last summer's voluntary conversion offer (about 42 million shares converted if you check the SEC filings). This means that the quarterly cash outlay is about $47M. Not much for this company unless things get REALLY bad. So I don't think they will suspend the dividend because it just accrues anyway.
We'll know a lot more 11/7 when earnings come out....... but the Ford Preferred definitely looks like the best way to "play" Ford survival/turnaround.