Brought some WTFCP around $24.70. A Good Place to park some cash in my opinion.
1) Currently getting Paid almost 7% right now to hold it, but I believe this will be called in a little over a year, in fact I will be shocked if it is not called. Hence the total return will be about 8% with it being called in a little over a year Which I think is a good return for the level of risk we are accepting over that year+.
2) If I'm wrong and it doesn't get called which I would see unlikely from the company point of view. I'm okay with that because as of right now we would be looking at a yield north of 11%. So I'm fine either way buying at this price.
Conclusion: I think WTFCP is good way to get a pretty solid return, with not too much risk behind it. Time will tell of course. All is just my opinion, and I could always be wrong though.
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