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Author: trader2012 Big red star, 1000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 35365  
Subject: Re: Ford motor credit, 2037, yielding 7.3 Date: 11/30/2012 11:22 AM
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Black,

You're on a roll, no doubt about it, for finding yet another loser.

The current offer is 101.129 x 2 at IB. ZD is quoting 101.129 x 1. But commish would have to be added and, if called, the trade would go under water. Even if the bond matures, the real-return is an underwhelming 0.4% on an after-tax, after-inflation basis.

Those who bought Ford's debt (car division or credit arm) when it should have been bought have done well for themselves. Now, the stuff is just expensive, risky junk.

Charlie
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