Thursday, December 23, 2021 3:25:21 PM
I think Toporek made first booboo with this preferred secondary.
Next time let's hope he has learned. Selling existing preferred at a 25% discount is ridiculous. Guessing he got less money than he wanted to raise as well.
I picked up a few preferreds below $17 today. Happy to take in the monthly div at greater than a 13% rate.
Toporek continuing to execute and these will move back towards PAR no problem.
Amigo Mike