There is allot of DD I can gather here in Oregon on the internet but at the end of the day I'm still 2,775 miles away... and there will always be a part of the story the internet just can't reveal the way boots on the ground do. Your report is exactly what I was hoping to get and the timing of it couldn't have been better.
The preferred shares will "suck up a lot of earnings power" for sure...but I'm optimistic this will be a break-out year for MFBP.
Investing requires continuous learning, even though the underlying concepts (buy-low-sell-high, margin of safety, etc.) never change.
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