Preferred Stock Tips and Topics

[boatman]

I gave a tip out of nothing but kindness trying to do good for person.I said short a stock.I am short 6000 shares. Earning release was good.The stock ran from 32 to 42.90. I shorted @41.55 The stock went too far too fast.4 0r 5 analysts upgraded the stock.Irrational exuberance has kept the share price up.The analysts are paid promoters.Or pump stocks that their hedge funds re invested in.Non the less.The stock has went up a dollar or so.And stayed up 2 days.It will come back down.If I were on margin I would cover what I had to each day market end.This stock will drop back to 35 to 37.Just not doing it in the first two days.The mrket was up big the first day.And steady the second day.If I hold I will mke 12000 to 18000 dollars or more.The market will adgust the price.This is a 30 something stock.Mid 30 or so.Please hold everyday and make the money like I said to begin with.Hate me curse me do s you will.Just do say and win.GUESS thts is about all.The best tip anyone can give anyone on the market is don't let emotion cloud your judgement.

It is 2:27 pm 12/2/09 you should be near even or ahead at 4pm.Whether I am wrong or right today or not.It will go down.Keep shorting it be determined and win.Get back in and win.

[boatman]

I gave a tip out of nothing but kindness trying to do good for person.I said short a stock.I am short 6000 shares. Earning release was good.The stock ran from 32 to 42.90. I shorted @41.55 The stock went too far too fast.4 0r 5 analysts upgraded the stock.Irrational exuberance has kept the share price up.The analysts are paid promoters.Or pump stocks that their hedge funds re invested in.Non the less.The stock has went up a dollar or so.And stayed up 2 days.It will come back down.If I were on margin I would cover what I had to each day market end.This stock will drop back to 35 to 37.Just not doing it in the first two days.The mrket was up big the first day.And steady the second day.If I hold I will mke 12000 to 18000 dollars or more.The market will adgust the price.This is a 30 something stock.Mid 30 or so.Please hold everyday and make the money like I said to begin with.Hate me curse me do s you will.Just do say and win.GUESS thts is about all.The best tip anyone can give anyone on the market is don't let emotion cloud your judgement.

It is 2:27 pm 12/2/09 you should be near even or ahead at 4pm.Whether I am wrong or right today or not.It will go down.Keep shorting it be determined and win.Get back in and win.

[look1]

garza This is not a preferred stock but I think it is a preferred buy. I am not a computer guy. Just had to learn how to cut and paste last week and I am only 68. You might want to check out VHC they have a patent software ONE OF THE PATENTS IN THE PORTFOLIO COVERS THE COMPANY ABILITY TO BUILD A VIRTUAL PRIVATE NETWORK (VPN) across the internet in real time that automatically and completely secures a

communication, ensuring its privacy, and allowing access to that communication only to specifically designated outsiders.

VirnetX intends to establish the exclusive secure domain name registry in the United States and other key markets around the world. The

Company intends to license their patents and their GABRIEL Connection Technology to original equipment manufacturers, or OEMs, within

the IP-telephony, mobility, fixed-mobile convergence and unified communications markets. They also intend to license their patent portfolio,

technology, and software, including their secure domain name registry service, to communication service providers as well as to system

integrators.


SCOTTS VALLEY, Calif., Aug. 10 /PRNewswire-FirstCall/ -- VirnetX Holding Corporation (NYSE Amex: VHC) announced today that its president and CEO, Kendall Larsen, will be conducting a conference call on Thursday, August 13, 2009 at 1:00PM EDT, to discuss its current Markman Order in its litigation with Microsoft and the Order's impact on VirnetX's business strategy.

To listen to the call live on your computer, click on the webcast link: http://www.b2i.us/external.asp?b=1944&id=777&from=wc&L=e

[Estrella]

AICPQ Trust Preferred .055 x .08!
;)

[garza]

VNBCO preferred is up 400% today. Any idea why?

[KnightHawk]

I got rid of my shares of six flags prefered I'm not going to wait till August.

[garza]

Guys--- What about this Vinyard News??

Vineyard National Bancorp Receives Notice From NASDAQ and NYSE Amex LLC Confirming Delisting
9:01a ET April 22, 2009 (Market Wire)

Vineyard National Bancorp (NASDAQ: VNBC) (NYSE Amex: VXC.PR.D) (the "Company") announced today that on April 16, 2009, the Company received a NASDAQ Staff Determination letter notifying the Company that its failure to pay its annual listing fee constitutes a failure to satisfy the filing requirement for continued listing under NASDAQ Marketplace Rule 5210(d) and, therefore, trading in the Company's common stock will be suspended at the opening of business on April 27, 2009 and a Form 25-NSE will be filed with the Securities and Exchange Commission (the "SEC") which will remove the Company's common stock from listing and registration on The NASDAQ Stock Market. The letter from NASDAQ advised us that the Company's common stock will not be immediately eligible to trade on the OTC Bulletin Board or in the "Pink Sheets."

On April 17, 2009, the Company also received correspondence from NYSE Amex LLC advising the Company that because the Company did not file an appeal regarding the delisting notice received on April 9, 2009, trading in the Company's 7.5% Series D Noncumulative Preferred Stock ("Preferred Stock") will be suspended at the opening of business on April 22, 2009. The correspondence from NYSE Amex advised us that the Company's Preferred Stock will automatically default to the Pink Sheets and be designated a new ticker.

About Vineyard National Bancorp

The Company is a $2.0 billion financial holding company headquartered in Corona, and the parent company of Vineyard Bank, N.A. ("Vineyard"). Vineyard, also headquartered in Corona, operates through 16 full-service banking centers and one regional financial center in the counties of Los Angeles, Marin, Orange, Riverside, San Bernardino, San Diego, and Ventura, Calif. The Company's common stock is traded on the NASDAQ Global Select Market under the symbol "VNBC." For additional information on the Company visit www.vnbcstock.com or for additional information on Vineyard and to access internet banking, please visit www.vineyardbank.com.

Forward-Looking Statements

Certain matters discussed herein may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and the Federal securities laws. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions it can give no assurance that its expectations will be achieved. Forward-looking information is subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected. Many of these factors are beyond the Company's ability to control or predict. Important factors that may cause actual results to differ materially and could impact the Company and the statements contained herein can be found in the Company's filings with the SEC including quarterly reports on Form 10-Q, current reports on Form 8-K and annual reports on Form 10-K. For forward-looking statements herein, the Company claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and other protections under the Federal securities laws. The Company assumes no obligation to update or supplement any forward-looking statements whether as a result of new information, future events or otherwise.

Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=965471 Contact: Shareholder Relations 951-271-4232 [e-mail]


SOURCE: Vineyard National Bancorp

[brwtrpilot]

What do you make of this>
http://www.otcqx.com/otcqx/market/quote?search=FSHPY&tab=0#getFilings
FSHPY

am I seeing this right three fifty last buy two something payout on this>????

[garza]

New board dealing with the Six Flags Perf stock:

http://investorshub.advfn.com/boards/board.aspx?board_id=15158

[MikeDDKing]

I picked up some WLFCP recently which looks like a great deal in the $6's. This is a preferred stock with a preference value of $10 and an interest rate of 9% at par. At the current price of the preferred the yield is 13.9%. Interest is paid monthly.

Last week the company came out with their Q4 report which was very good (look under WLFC for the report). They made $0.41 per share on an 8% increase in revenue. EPS would have been even higher if it weren't for a somewhat higher equipment writedown this year. Book value is $17.66 per common share and the common shares trade at $9.72. They also indicated that there is strength in their business during the economic downturn. There has been massive insider purchasing of the common shares.

IMO the discount in the preferred shares is not justified. The company is on very solid footing and the 9% interest rate and yield of 13.9% is very nice. I think the preferred stock should be trading in the $9-$10 range right now and expect it to move up as people notice. It already has moved up a little big from my purchase.

[garza]

I would imagine that because they are preferred stocks, they would be protected if a BK would occur.

[puffyk]

SIX.PR.B

Does anyone know after reading this latest analysis, if Six.PR.B will be able to collect that $25/share if they went into bankruptsy? I am trying to figure out how it all works.

US CREDIT-Six Flags risks bankruptcy as debt maturity loomsFont size: A | A | A4:48 PM ET 3/12/09 | Reuters
RELATED QUOTES


10:48 AM ET 3/13/09
Symbol Last % Chg
SIX 0.16 -15.79%
Real time quote.

By Karen Brettell

NEW YORK, March 12 (Reuters) - Six Flags (SIX) is facing a $287 million payment in maturing preferred shares in August, which threatens to push the company into bankruptcy if it is unable to pay or refinance the debt.

The New York-based theme park operator is struggling to refinance its debt load as capital markets remain essentially closed to the riskiest borrowers and the economic slowdown weighs on theme park attendance.

"At this point, the August 2009 maturity on Six Flag's preferreds is the looming liquidity event that has no clear resolution," CreditSights analysts Christopher Snow and Frank Lee said in a report on Thursday.

If the company is able to redeem its shares, known as Preferred Income Equity redeemable Shares (PIERS), it will also need to repay or refinance around $130 million in a bond maturing in February 2010.

Six Flags warned on Wednesday that it may be unable to repay the preferred shares.

"Given the current negative conditions in the economy generally and the credit markets in particular, there is substantial uncertainty that we will be able to effect a refinancing of our debt on or prior to maturity or the PIERS prior to their mandatory redemption date on August 15, 2009," Six Flags said in a regulatory filing.

Failure to repay the shares could accelerate payments on its loans and bonds, which the company would be unable to repay, Six Flags said. It added that it is exploring refinancing options, which include a restructuring in or out of court.

"It is clear in the current credit market that refinancing of these issues will be nearly impossible," Barbara Cappaert, an analyst at KDP Investment Advisors, said in a report on Tuesday.

The options for refinancing the debt are limited and complicated, though the company may be best served seeking a solution that does not harm existing debtholders, CreditSights said.

"The market capitalization of Six Flag's common equity is about $20 million, which means that the company could offer some value to the PIERS holders, but this would be clearly dilutive," the CreditSights analysts said.

Fitch Ratings last month cut Six Flags to an even deeper speculative grade of "CC," 10 steps below investment grade, and warned that the company may pursue a distressed debt exchange.

However, bondholders would be unlikely to participate in any proposed debt exchange, as it would fail to address the critical maturing shares, said CreditSights.

"If Six Flags could resolve the problem of the preferreds without offering any type of security that is senior to the equity, the company could scrape by for quite some time," they added.

Assuming Six Flags can redeem its preferred shares in August, the company may then be able to refinance its bond due in February, the CreditSights analysts said.

A successful refinancing of this bond could allow the company to survive until 2013 when it would need to refinance $244 million in its revolving credit line and repay $142 million in maturing bonds, they added.

[Democritus_of_Abdera]

CFC-PB (a BAC Capital Trust Preferred)

I’ve decided to buy some CFC-PB preferreds for my retirement account.

Countrywide Capital V New (CFC-PB) is a cumulative trust preferred currently having a 25% annual yield (@$7.00/share). It is relatively liquid, with a current market capitalization of about $350M and a daily volume in excess of 100K shares. Its assets are junior subordinated deferrable interest debentures originally issued by Countrywide Financial Corporation. As of Nov 7, 2008 CFC-PB became a wholly owned subsidiary of Bank of a America (BAC). BAC is the guaranter of the debt rather than BAC’s Countrywide Financial subsidiary. CFC-PB has below investment grade ratings from both S&P (BB-) and Moody (Baa1). The subordinated debentures are unsecured and are the most junior of the Trust preferreds issued by Countrywide.

I believe that the greatest risk to CFC-PB is liquidation of Bank of America per the standard operating procedures of an FDIC takeover. In such a scenario, there will probably not be enough cash to meet obligations of junior debt (such as CVC-PB) and the loss will be catastrophic.

I’m investing in the face of this risk because I believe that a BAC disintermediation, if necessary, will more likely follow the precedent of Citi’s recapitalization rather than an FDIC style supervised liquidation. In the Citi precedent, common share holders and non-cumulative preferreds were treated poorly, but the trust preferreds analogous to CFC-PB were pari passu with those of the US Treasury; they continue to accumulate dividends and have been treated with respect. The trust preferreds remained senior to TARP debt.

A secondary risk is that the CFC-PB Trust Preferred dividends will be suspended in a manner analogous to the recent suspension of Ford’s series S cumulative trust preferreds. This causes terrible tax headaches, hence, my choice of purchasing the CFC-PB in my retirement account. In such a scenario, the CFC-PB dividends may be deferred for 5 years, but they will ultimately be paid (unless there is liquidation of BAC, which I consider unlikely).

CFC-PB IPO Prospectus: http://www.sec.gov/Archives/edgar/data/25191/000095012406006426/v24272b5e424b5.htm

Details of the Citi recapitalization precedent in 8K filed 2/27/2009: http://idea.sec.gov/Archives/edgar/data/831001/000095010309000421/dp12698_ex9901.htm

[look1]

Garza another one to keep watch of to see if they are going to pay their dividends is MPG their stock is higher than their preferreds preferedd MPG-A is $1.52 would pay $1.60 a year IF they paid it? IT is a REIT to manintain that status it must pay the profits in dividend or this year dividends in stock and or cash to it common stock. If they do that they will have to pay their preferreds.Check out their finanicals Chech out letter to share holders 10/2008 march 2 2009 release financials. If I rember right I found this one buy letting Closed End fund NRO do the resurerce They said that all their stock in OCT. were going to make it through the hard times. They pay a good dividends but watch out they are leverage they can't go over a 2 to 1 leverage or they have to sell some of their holdings witch will make them less valuable went from paying $0.15 to $00.038 a mo in Jan. and still pay over 30% now. If REITS go higher the stock and their preferreds you are safe in NRO.

[look1]

garza The preferreds os sfi are First choice right now would be SFI F at about 71% SFI G at about 68% SFI I 68% SFI E 67% SFI D 62% If and when you buy them take a look and see what one is paying the best dividends.A person might want to read or listen to the conference call If you go to sfi quote look under financials it has a color coded report what they owe near and future Then compre it with six flags alot of red their. I have about 550 shares at a little over $1.00 invested in it I don't know what will happen? I did whtch I think it was AES or EP when they had trouble refinanance their debt what they did was to have the owners vote on if they would execpt X amount of money get a larger intrest rate for extending the manturity date. I think if they did this they would have to promise to pay their dividends or be cancledand be payed in full. It look like they are planind on a hard season in six flags over Ga. the season pass is very cheep just want to get them in their.

[garza]

Wow! That's very good news.

[look1]

SFI preferreds to day said that they are going to pay their preferred dividend should get 60.0% per year or about .50 per share each 1/4

[look1]

Lets hope Three weeks from the date of the PR on not paying the preferreds that they will have a conference call ect.( that was the time fram the last time) and in it how they plan on paying for the matureing preferreds. You would think if they are planing to sell some assets we would hear from it soon. I will keep in touch if I see any thing on it here because I dont have the ability for PM

[look1]

garza off topic but you might want to check out SOLM today second patent in two weeks

[look1]

What if you wanted a Fund with all Preferreds. You could try Nuveen Quality Preferred Income Fund 2 JPS they also have also JTP and JHP JPS pays 16% dividends If you wanted to know what is their Potfololio Holding go to their Ihub news date 11/28/2008 (nq) or go to SEC

[look1]

If a person wanted a high paying Preferred Dividend You could watch some Hotel REIT ( Real Estate Investment Trust) to Qualify for a REIT the company must pay 90% of their profit to the stock holders. Just keep watching Strategic Hotels and Resorts BEE and Felcor Lodging Trust FCH. FCH has a S+P Rating of B-. They stopped paying dividends on reg. stock. When they start paying again you could jump in and get around 30% Dividend. They are trading under $6.00 now.

[garza]

Yes! I hope so too!!!

[look1]

If one wanted to invest their profit from their flip. You could think about SBCKO This is Sears Holding Preferred Equity Traded (PET) Bonds Rated BB- one step below IStar Preferreds if you get them at $6.00 should pay about 29% at $8.00 should pay 22% The Sears stock trades around $40.00. They bought back alot of then trades on the a lower Board I think it may be Pink sheets because their is not many left. If you buy these make sure you put a buy limit in Because their is a $1.50 differens between the Buy and the Ask sometimes. I think should be and investment only. On a diferent subject I don't know why nobody is following NWBO They have a Brain Cancer treatment like nobody else in phase III. Same cancer as Ted Kennedy. I am not in it because I am to old and need to put most of my money in places where I can get dividends. Once you get this cancer life expance is under 17 mo. With this treatment Phase I&II all except one are living over three years and still going. My daughter says I need spell check and my gramer is not so good and to old to learn new things. I think now is the time for younger people to invest in good paying dividends stocks. IF you can get 15% interest you have to have 1/3 less investment to get the same amount if you had Bank CD if you could get them for 5%.

[look1]

I am not a flipper but here is a no brainer Keep watching I star's Preferreds SFI I think their is about 4 of them. They are at about $3.00 pay almost $0.50 a quarter each preferred stock. If they say they a paying one could get in quick and get a rise in stock and get out with the dividends. Note if one wanted to do this one could sell right before the closing bell the day before the pay day because my Smith barney adviser (talking on a different item) said that the day they pay a dividend it opends up less the dividend. So why not sell be fore and miss the exit rush if their is one. S+P has them rated BB+ I think ot is 2 steps below investment grade

[look1]

Garza Thanks for the Six flags update. I didn't think that they would pay. I kind of thought they would pay in Aug. the three quarters that the owe me plus the lump sum I hope.

[garza]

Six Flags Preferred Stock News

NEW YORK, Jan. 26 /PRNewswire-FirstCall/ -- Six Flags, Inc. (NYSE: SIX) announced today that its Board of Directors decided not to declare and pay a quarterly dividend on its outstanding Preferred Income Equity Redeemable Securities ("PIERS") for the quarter ending February 15, 2009, each such PIERS representing one one-hundredth of a share of the Company's 7 1/4% Convertible Preferred Stock.

Under the terms of the PIERS, dividends are not required to be paid currently and any unpaid dividends accumulate without interest. The Board's decision not to declare and pay the February 15, 2009 dividend does not violate any covenants under any of the Company's debt agreements. The Company's deficit in stockholders' equity(1), the overall state of the credit markets and the fact that unpaid dividends accumulate on an interest-free basis, were factors that the Board considered in reaching its decision not to declare and pay the quarterly dividend. The Board will continue to evaluate all facts and circumstances, including relevant legal restrictions, prior to any future PIERS payments.




/CONTACT: Media, Sandra Daniels, [phone]; or Investors, William Schmitt, [phone]

/Web site: http://www.sixflags.com

[look1]

brwtrpilot I would have been in it also if I did't find Solomon Tech. they are soeing Toyota they are using their tech. which is the same that NASA put on Mars in 1997 Explorer Sojouner.

[brwtrpilot]

Thanks for the info I'm really sick that it crashed today though.
but maybe they can pull it out.. I did not get to deep in as I am testing and learning on preferred. but at least I think
if indeed they go belly up which I just don't see. with the preferred I can at least get something back..
I hope

[look1]

brwtrpilot Exchangeable means you can exchange them. When they were issued out their exchange was $25.00 to $34.28 or about 1 to 1 1/3 common stock. Right now it would not be good. When the preferred are first issued out they let the buyer know how long for sure they will be getting the dividens Then they could buy them back. If they did it would be $25.00 plus any dividends. If they don't go bankrupt they mature in 2012 They must buy them back then. liquidation going bankrupt. In Quantumonline go to for the far right they have a couple places where they have different definations.

[look1]

brwtrpilot Cumulative is if they don't pay a dividend the dividens will keep adding up till they are paid.Then they will pay all that is owe.(or what they can aford) . Noncumlative if they miss a dividen payment they will not pay you any time the miss dividend. I notis banks mostly have nonculative dividends. Note the 7% is based on $25.00 not on what you bought it at. They will pay $1.75 if you bought at $1.00 or $30.00.

[brwtrpilot]

Rollover and Die,
Just got spanked with the ssccp as you know I just got in and low and behold there stock price tanked and I got spanked just whining.
rumors killed this one... we'll see...
brwtrpilot

[ceridweneve]

Convertible means that it can be converted to common stock.Cumulative refers to the dividend payment schedule.Hope that helps,still learning here too.GLTY.

[brwtrpilot]

According to http://www.quantumonline.com
(I had used them in the past and Think I will send them some cash in the near future. Just forgot.)
Any way this is from their site and would like to break it down and hopefully get input from others....
SSCCP assuming I got 100 shares....

SECURITY DESCRIPTION: Smurfit-Stone, 7% Series A Cumulative Exchangeable Redeemable Convertible
((OK first does this mean #1 Cumulative does this give it a high rank in the pecking order verses common stock holder??))(I figure Yes)
((Exchangeable means it can be traded for common shares for 34.28 bucks??(If so I just made a killing as I will make them pay me lots of cash ASAP) (I have no idea what that means)


Preferred Stock, liquidation preference $25 per share, redeemable at the issuer's option(This makes me wary because the company could say sorry your out of luck)( is that true??if so why bother issuing prefered stock)

on or after 2/15/2002 at $25 per share plus accrued and unpaid dividends, maturing 2/15/2012, and with distributions of 7% per annum paid quarterly on 2/15, 5/15, 8/15 & 11/15 to holders of record on the date set by the board no more than 60 days or less than 10 days prior to the payment date. The preferred shares are convertible any time at the holder's option into common shares of Smurfit- Stone Container Corp. (NYSE: SSCC) at an initial conversion price of $34.28 per common share.(see above ) In regards to payment of dividends and upon liquidation, the preferred shares rank equally with other preferreds and senior to the common shares of the company.


maybe someone who knows what their are talking about can break it down as a learning tool... Thanks Brwtrpilot

[look1]

brwtrpilot I was thing the same thing on SSCCP I notice they have to buy it back in 2012.When you buy Preferreds you should check them out on Quantumonline to see if their is a manatory exchang to common stock ect. The letters might have been codes for the quarter that they were paid ect?

[brwtrpilot]

Sure did, not anything that stood out...on ivestopedia.
But I did go and start buying some Preferred Stock because
I had some cash on hand to mess with.
this is my first two.. let me know what you think...
I know FOGLOL brwtrpilot what are you doing...
SSCCP AND EPEXP 3.04 AND 1.71 in.. I feel epexp is a play.
But SSCCP should be alright in the long run when the world gets it head back on and start doing business again..

[garza]

Good questions. Did you try investopedia? Maybe some answers there for you.

[brwtrpilot]

What does the j e or m stand for on the div statement on the link you guys posted to the wall street journal site?
look down the div line on any of the pages to see what I mean..
thanks
brwtrpilot

[brwtrpilot]

Most Outstanding.!!! Great link to information Thank you
It is an uphill climb to figure Preferreds out hope someday to be able to add good stuff also.. until then I will just pat you on the back for the good stuff.. Maybe some links to some learning rooms or even just take a single stock as an example and break it down for the new person like me.. who knows... but great so far thanks...
brwtrpilot

[puffyk]

Thanks for adding that link, I think it will be very helpful to all of us that are interested in the preferreds

[choad]

Seems like the spammers are always 'just born' LOL

[garza]

I went ahead and added the chart link to the forum information box.

[puffyk]

That is awesome

Garza if you can put that on the homepage that would be a great resource for us

[garza]

Very nice! Thanks for posting that.

[EZ2]

Try this link........

http://online.wsj.com/mdc/public/page/2_3024-Preferreds.html?mod=mdc_uss_pglnk



If it does not work, best suggestion I might have it try to snag a copy at your local library.

[puffyk]

Do you have the direct link or can you cut and paste the stocks they mentioned

thanks!

[EZ2]

fwiw......the Year End Review section of January 2, 2009 Wall Street Journal..........page R19 / R20.........has an excellent
listing of PREFERRED SHARES (and year-end performance):

http://online.wsj.com/public/page/quarterly-markets-review-010209.html

[puffyk]

FYI FRE.PR.G continuing to climb

[look1]

brwtrpilot Try SIX-B on ameritrade SIX.PR.B on ETrade SIXpB on Scottrade sixprb on smith barney on yahoo Finance I type in companys name slowly most of the time it cume up with regular company stock click on Preferedstock it will come up On IHUB Type in companys name go down tp Preferreds Stock click to turn blue Go back up hit enter beside name

[garza]

Please tell us more about ACTC.

[garza]

It's better if you try to look it up by name.. See if that helps. On the original post, we have some of the symbols being used by other investors. Check them out.