Traders Cooperative

[Joe Stocks]

CDRprC - Replying this post where I said I bought CDR-A. That is a misprint. I bought the C's. That said, at a point this week the B's got cheap and higher yield that C's so I bought some B's and sold some A's. I then even added a little more B's. 2% of port now.

I have been commenting a good bit on a SA article under Joe Eifrid.
https://seekingalpha.com/article/4495571-take-a-shower-after-reading-the-wheelercedar-merger

I think this one will see a court filing to stop this merger for reasons I discuss. No court filing and the merger approved I will sell some if not all. The B's were showing a current yield of about 18% when I bought. At that yield I don't see much downside. If this goes like I think, and CDR is forced to payoff the preferreds to make the deal go through, par is at 25.00 for a 143% gain. Very compelling risk/reward IMO.