Always thought common gets better everyday with RE
You got it.
JPS waits for a divvy. Those unpaid dividends accrue to the common, along with all the profits building capital.
However:
Congress tone is changed, at least on one side of the aisle.
Biden may look for some win for affordable housing and surprise
JPS might get a payday from Lamberth, while common gets a few pennies
Fear of a cram-down does rest with commons. Who knows how the govt. handles the SPS and if they convert in a super-dilution, it won't matter. JPS is safe there.
As Glen says, I don't and won't care if you win, too. I also believe JPS is a better LT (sure if fun to trade commons occasionally, as there are often times to get in for a trade!)
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