Replies to post #318691 on Elite Pharmaceuticals Inc (ELTP)

[dr_lowenstein]

1. They have a fixed value that does not vary with the value of the company. So, if the company appreciates substantially, preferred share holders will realize far less appreciation.
2. Generally the returns over a fixed share is much less than that on a common share.

wrong. The preferred shares are convertible into a fixed number of shares of common and that "value" fluctuates with the value of the common. By the way, that fixed number is also adjustable under certain circumstances but that is beyond the scope here.

as for point 2, really???? where is the data on that ??? total nonsense

[YJ4LIFE]

Nice post Sankarad1!

[no2koolaid]

Precisely. Thanks for weighing in about Elite...