Replies to post #30243 on Washington Mutual Preferred fka WAMPQ

[marayatano]

It is about perception: Cheap vs. Value

People think buying Ks is "cheap", but in reality, it costs more.

People who are value oriented understand the difference.

Another factor is there is no restriction on ownership of Ks, while Ps has one in effect.

The traders like to play with K.

imo