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Post# of 803633
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capitalismforever

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capitalismforever

Re: SGINPHX post# 393027

Wednesday, 03/01/2017 8:47:24 PM

Wednesday, March 01, 2017 8:47:24 PM

Post# of 803633
"If commons go down then so would jr prfd."

Preferreds have liquidation preference (established through contract law). They are more of a bond than they are a stock which is why they're classified as "preferred".
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