AI
Sunday, January 20, 2013 3:12:53 PM
Last year, the two classes of preferred stock of a small E&P oil and gas company, MHR, was treated as return of capital.... - I knew this treatment applied to Common, but was surprised to see it also applied to Preferred).
It makes some sense - and follows the accounting. Sale of preferred's are added to the equity capital section.
But the other side is that the common takes first losses.
ij
It is astonishing what foolish things one can temporarily believe if one thinks too long alone ... where it is often impossible to bring one's ideas to a conclusive test either formal or experimental. J.M. Keynes
Trade Smarter with Thousands
Leverage decades of market experience shared openly.
