Ford bonds recommended

In this week's Barrons, highly respected PIMCO fund manager Bill Gross recommends senior bonds of both Ford and General Motors. With a yield of over 12 percent, they're poised to take advantages of structural changes in the auto industry and the weak dollar making imports more expensive, he says.
This recommendation should be good for KSK, which is senior Ford debt packaged to trade like a stock. As it's my largest position, I might consider selling a little into a Barron's rally, but it does look underpriced.