oldie383

GM, Ford Confuse Investors With The Turnaround Dance

Is there a followup mechanism here? Will you receive notice of my reply? At the time this occurred I simply sold my F-S holdings. What Ford's strategy is, can only be guessed at by you and me. I think I am able to envision myself as an insider and so I would always have this security continue on as a great vehicle to carry my family and friends' money around. I have owned four similar securities in the past.


On Jul 11 01:56 PM gratianus wrote:

> For the life of me, I can't understand why anyone would take the
> Ford coversion offer, since the premium you receive over the conversion
> rate stipulated in the convertibles is $14.25 in Ford common, and
> for that "premium" you forfeit the $3.25 annual distribution, which
> works out to 22.8% on the "premium." Can someone explain to me why
> Ford thinks anyone would jump at this opportunity.