Lee Eugene Munson and Patrick Kirts analyze Ford Convertible Preferred Stock. Published on Seeking Alpha

Last fall Portfolio Asset Management discussed the merits of the 6.50% Cumulative Convertible Trust Preferred Security (F-PS). This trust was also known as Ford Motor Company Capital Trust II. The idea was simple, get paid while you wait for Ford to do nothing but keep on trucking. Well, last week we found that like the homeowners that bought too much house and asked the banks to lower their mortgage rate, Ford (F) just can’t pay for their preferreds.
Read the full article here.

Tags: C, Chrysler, convertible preferred, F, F-PS, F-S, Ford, General Motors, high dividends, lee munson, Portfolio Asset Management, retire debt, stock GM, suspend dividends