ok you are doing math on the two together which confuses me a bit
but yes --- we are worth a much higher PPS - be it 10 20 30 or 40
at same time - as JPS only has a higher call on any dividends DECLARED and a higher level in an 11 distribution water fall - I can not agree with the below --- in a world where we are not free
for commons to have value - real fair value - preferred would be at or near par value.
e.g. the value of JPS (recall I own a bunch) is 100% dependent on the future flow of dividends . If there is a solution that allows our exit - common exit - but says no dividends for JPS or common for 10 years - I can see the common racing ahead while JPS moves up slowly over 10 years
just an example of how PPS is based on freedom and dividends in one case and freedom and earnings in the other
if F and F can not distribute dividends to common - the PPS can still go up massively and more ---- see almost every major tech giant history
News 
Market Data 
Discover 
