Five for 2008 -- KSK

This is a structured product offering senior debt of the Ford Motor Co., packaging it so it's available in $25-par shares instead of hard-to-trade bonds. KSK regularly trades under the value of the underlying bonds, and at the current depressed price of $14.57 yields 12.7 percent. Yes, Ford has had its problems for decades, but it has a good CEO from Boeing with a plan, a health care deal with the UAW and even some hot models like the small Escape SUV. Unless you think it's going to go broke, how can this not be a good deal? Even if it doesn't get back toward par, you're making over 12 percent.

SECURITY DESCRIPTION (from Quantum): Structured Products Corp., 7.4% CorTS (Corporate-Backed Trust Securities) Certificates, principal amount $25 per certificate, issued by CorTS Trust for Ford Debentures, the Trust. The underlying securities are the 7.4% Debentures due 11/01/2046 issued by Ford Motor Co. (NYSE: F). The CorTS certificates will pay 7.4% ($1.85) per annum interest semiannually on 5/1 & 11/1 to holders of record on the day immediately prior to the payment date. The CorTS are redeemable on or after 2/28/2006 under the call warrants at $25 per share plus accrued and unpaid interest.