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Saturday, December 09, 2023 10:32:02 AM
Commons drive the price of preferreds, yet you keep pretending they have some kind of fantasy value, i will say it slower, preferreds...have...no.....value.....without....
bk or receivership, ....you.... will.... never.... see.... par.... without.....one....of....those.... scenario , in fact all preferreds value, for any company, is the dividends, and its intrinsic value is based on commons price.
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