Lee Eugene Munson and Patrick Kirtz analyze Ford Convertible Preferred stock. Published on Seeking Alpha

The news is horrible for the auto industry. In October, J.D. Power and Associates published a study that suggested a potential collapse in the global auto industry in 2009. We love to buy panic, but this time it seems real. If you want to make money in such a dire situation, you will need to understand what you are putting up, what you could lose, and what is the payoff.

Part of our core portfolio includes a convertible preferred issued by Ford (F). But before we get too technical on how to play the global auto collapse, we need to see where Ford is in all of this and what could possibly cause it not to go broke. For those of you that don’t like reading, here is the punch line. The company has the cash to stay alive for a little while, it doesn’t have to be that great, and a little known version of the stock is selling cheap and pays well. For those that like to read, here you go.
Read the full article here.