pfds are like those $50 pfds for the gse's(hidden value but no liquidity). Dumped a small position in common(see how brilliant a trader I am!) to buy these pfds. ot-When reading boards, I read about swift which already declared bk. Common supposed to get 4 % plus options. Averaging down in crc,hgt and looking at royt. The last two are trusts which will lag the others. They have no debt but will liquidate if no recovery in two to three years.
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