Replies to post #38537 on Phoenix Associates Land Syndicate (fka PBLSQ)

[beerthirty]

ren, look at the stock price on Feb. 15 when the PR came out It was less than .015 plus a 6% divey is a nice return on your investment. They were looking to pick up some cheapies to help reduce the float. I wouldn't be surprised if they are still buying back to complete the last 100 million buyback before any major news is released before the June 15 deadline. Who knows they might release the numbers tomorrow. The chart looks strong to me.

[lakedweller2]

Just guessing, but wouldn't it need to be a # that they think the masses think, isn't possible. That has bothered me all along, because I always look at preferred as the equivalant of a savings account or bond or other equally boring thing. So, why it bothers me is that they want to tempt above reality. I guess we will find out.