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Re: hang ten post# 2

Sunday, 06/14/2009 7:12:35 AM

Sunday, June 14, 2009 7:12:35 AM

Post# of 10
hang ten one of the reason they can't have dividens is the 1940 law on leverage you have to have a 2 to 1 leverage coverage if not you can't pay dividens. Also when they do unleverage their preferrds when ther holdings are so low . You have to sell more because of the lower price to get out of leverage. You can check out market price and NAV price on Also you probly saw their holding in the news or SEC under NQ With my retirement money I try to not get into anything that has leverage had some trouble with NRO but got out in time when they said they were buying out their preferreds now I guess they are done leveraging.