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pete807

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Re: hotel7473 post# 6340

Saturday, 04/13/2019 11:29:53 AM

Saturday, April 13, 2019 11:29:53 AM

Post# of 8177
Preferred A's cost $25 a share...
Did they become 1 for 1 with commons? The would not be good for their holders.
It would not make them appear to be valuable now, ...dividend was 9%, .56 at A label, $25 status... big hit then to .39 and $14 common.

They must have given them a formula conversion per price on conversion date. Remember that by nature at common they are no longer ahead in terms of order of coverage risk, which is why people chose them over the commons.

If it were me I would sell them liking other preferreds better, if I used the same logic as when I bought.

"You’ve got to be very careful if you don’t know where you are going because you might not get there."
"The future ain’t what it used to be" "A nickel ain’t worth a dime anymore."
-so long Yogi, we will miss you-

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Volume:
Day Range:
Bid:
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Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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