Preffered stock sure will be safer than common at this B.K circumstance,but will be long hold for liqidation value. Do you know how much total liqidation value of preferred stocks? It seems to me the company issued more than just these three publicly traded preferred stocks.
I'd prefer WahuQ, it is trust preferred (junior unsecured creditor).Wahuq has to paid $50/share before passing asset to other preferred stocks. What do you think.