Friday, March 25, 2016 8:04:17 AM
The longer the hiatus before any real decison is announced, and the longer that the legal slog continues, the more convinced I become that preferred shares are the safer place to be positioned. The big promise of commons having voting power in any proxied reorganization shareholder vote gets clouded by the warrants and the fact that unless the warrants get cancelled by court ruling... a very unlikely action... the government controls any such vote by simple plurality.
There is a reason why all the hedge funds but Ackman largely or exclusively hold pfd shares.
JMHO.
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