Thread: Why I am buying Ford and GM...
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11-11-2008, 07:26 PM
- Join Date
- Sep 2008
If you want to speculate on the auto industry bailout, I would buy their corporate bonds instead. You can get GM bonds for about 20 cents on the dollar... yielding about 35%. Ford's bonds are about 40 cents on the dollar, yielding about 20% or so.
That way if they do go into bankruptcy you will probably get some money back. Common stock holders will be screwed.
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